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AK SB93

Bill

Status

Passed

4/24/2024

Primary Sponsor

Labor & Commerce

Click for details

Origin

Senate

33rd Legislature

AI Summary

  • Increases the maximum allowance for injury or disablement claims from $10,000 to $15,000 and increases the maximum allowance for heart attack claims from $10,000 to $15,000

  • Establishes tiered benefit reductions based on fund balance: if the unexpended balance falls below $7,500,000, benefits reduce to $10,000; if below $5,000,000, benefits reduce to $5,000

  • Increases vessel owner protection and indemnity insurance claim benefits from $5,000 to $15,000 (or the full deductible amount, whichever is less), with the same tiered reductions as other benefits

  • Adds "viral infections" to the definition of occupational disease for fishermen, expanding coverage of disease claims

  • Takes effect immediately upon passage

Legislative Description

Fishermen's Fund: Vessel Owner Claims

Funds

Last Action

EFFECTIVE DATE(S) OF LAW 4/24/24

4/24/2024

Committee Referrals

Rules5/9/2023
Labor & Commerce5/8/2023
Labor & Commerce3/8/2023

Full Bill Text

No bill text available