---
title: Alaska Issues Bulletin Regarding Depreciation of Labor
description: "On May 7, 2024, the Alaska Division of Insurance (AKDOI) released Bulletin B 24-07 to admitted insurers writing property and casualty business in the state of Alaska regarding property insurance policies with an \"actual cash value\" definition that includes depreciation of labor."
---

[Compliance Alerts](https://aaisviews.aaisonline.com/compliance-alerts)

# [Alaska Issues Bulletin Regarding Depreciation of Labor](https://aaisviews.aaisonline.com/compliance-alerts/alaska-issues-bulletin-regarding-depreciation-of-labor)

 Written by [AAIS](https://aaisviews.aaisonline.com/compliance-alerts/author/aais) | May 24, 2024

On May 7, 2024, the Alaska Division of Insurance (AKDOI) released [Bulletin B 24-07](https://www.commerce.alaska.gov/web/Portals/11/Pub/B24-07.pdf) to admitted insurers writing property and casualty business in the state of Alaska regarding depreciation of labor.

 

The bulletin states that as of January 1, 2025, all new or renewing policies that include property coverage cannot include depreciation of labor in the definition of "actual cash value." Policies that include "depreciation of labor" language must be amended via endorsement.

 

Please see [Bulletin B 24-07](https://www.commerce.alaska.gov/web/Portals/11/Pub/B24-07.pdf) for more information. For any questions regarding the bulletin, please contact Sian Ng-Ashcraft, Property and Casualty Supervisor, at [sian.ng-ashcraft@alaska.gov](mailto:sian.ng-ashcraft@alaska.gov).

[View full post](https://aaisviews.aaisonline.com/compliance-alerts/alaska-issues-bulletin-regarding-depreciation-of-labor)

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