AK HB148

Extends statute of limitations for life insurance-related offenses to one year after discovery, with a maximum 20-year extension beyond normal limits

Requires health insurers to include benefit-level exception instructions on prior authorization forms and eliminates cost-sharing for mammography follow-up procedures (biopsies and consultations) and colorectal cancer screenings for average-risk individuals

Increases notice periods for policy cancellation and nonrenewal to 45 days for all insurance types, prohibits cancellation of property/casualty policies based solely on claims filed to meet government aid requirements, and bans depreciation of labor costs in residential property claim valuations

Expands surplus lines broker filing fee penalties, requires motor vehicle service contracts to receive director approval before delivery, and mandates risk retention groups pay the 2.7% premium tax applicable to domestic and foreign insurers

Streamlines licensing requirements for nonresident independent adjusters, allows electronic delivery of policies and expiration notices, and reduces HMO governing body consumer representation requirement from one-third to at least one member