Bill seeks to exempt Alaska commercial fishers’ insurance pools from tighter regulation
To avoid high insurance costs, some groups of commercial fishers in Alaska have formed cooperatives to collectively pay liability and damage claims themselves. A bill passed April 25 by the Alaska House of Representatives would exempt these cooperatives from regulation under the state’s insurance laws. The House voted 37-0 to pass House Bill 116, which now goes to the Senate for consideration. The bill was carried on the House floor by Rep. Louise Stutes, R-Kodiak, but came from the ideas of a legislative task force assigned to study the commercial fishing industry, she told the House. Links, more, >>CLICK TO READ<< 09:21
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