Panel advances bill modernizing anti-rebating rules and adding federal privacy law reference to insurance code
Senate Bill 185 would revise Alaska’s anti-rebating provisions to permit certain value-added services and small promotional items and add the Gramm-Leach-Bliley Act to the state trade practices chapter; the committee moved the bill from committee with recommendations.
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Sevea Bieber, staff to Senator Bjorkman, presented Senate Bill 185 on May 15, 2025, calling it an update to Alaska’s insurance statutes to add consumer protections and allow flexibility for insurers around value-added services, wellness incentives, educational tools and low-value promotional gifts.
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