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AK SB115
Bill
AI Summary
- Exempts cooperative agreements between two or more commercial fishers from state insurance regulation under AS 21.03.021
- Allows commercial fishing operations to pool contributions together to pay liability claims against member fishing businesses
- Permits pooled funds to cover loss of or damage to vessels and machinery owned or leased by pool members
- Introduced 2/28/25 by the Senate Rules Committee at the request of the Joint Legislative Task Force Evaluating Alaska's Seafood Industry
- Referred to Labor and Commerce and Finance committees
Legislative Description
Commercial Fishing Insurance Co-op
Business
Last Action
REFERRED TO LABOR & COMMERCE
2/28/2025
Committee Referrals
Labor & Commerce2/28/2025
Full Bill Text
No bill text available