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AK HB116

Bill

Official Source

Status

Passed

7/30/2025

Primary Sponsor

Fisheries

Click for details

Origin

House of Representatives

34th Legislature

AI Summary

HB 116 - Commercial Fishing Insurance Co-op

  • Exempts cooperative risk-pooling agreements among commercial fishers from Alaska insurance regulations under AS 21.03.021
  • Requires two or more persons engaged in commercial fishing to enter into the cooperative agreement
  • Covers liability claims against commercial fishing businesses operated by pool members
  • Covers loss or damage to vessels or machinery owned or leased by pool members for commercial fishing operations

Legislative Description

Commercial Fishing Insurance Co-op

Business

Last Action

EFFECTIVE DATE(S) OF LAW 10/22/25

7/30/2025

Committee Referrals

Rules5/13/2025
Labor & Commerce4/28/2025
Fisheries2/26/2025

Full Bill Text

No bill text available