AK SB195

Removes the requirement that directors of domestic insurers be elected exclusively from and by members or stockholders of the insurer.

Allows directors to be elected as provided in a domestic insurer's bylaws without the membership or stockholder restriction.

Establishes that directors are not required to be members or stockholders of the insurer unless the bylaws explicitly provide otherwise.

Modifies the policyholder participation provision to allow policyholders to participate in director elections independently, rather than requiring participation "with stockholders."