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AK SB93
Bill
AI Summary
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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
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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
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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
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Adds "viral infections" to the definition of occupational disease for fishermen, expanding coverage of disease claims
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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