Exempts cooperative agreements for commercial fishing insurance from state regulation.

The bill amends Alaska law to exempt cooperative agreements between two or more commercial fishermen from insurance regulation. These agreements allow fishermen to pool contributions to cover claims or losses from liability against a fishing business or damage to vessels or machines owned or leased by members of the pool.

Exempts cooperative agreements for commercial fishing insurance from state regulation.

The bill amends Alaska law to exempt cooperative agreements between two or more commercial fishermen from insurance regulation. These agreements allow fishermen to pool contributions to cover claims or losses from liability against a fishing business or damage to vessels or machines owned or leased by members of the pool.