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AL HB608
Bill
Status
2/23/2010
Primary Sponsor
Demetrius Newton
Click for details
AI Summary
HB608 Summary
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Voids and renders unenforceable any clause in an insurance policy or certificate offered or issued in Alabama that reserves discretion to the insurer to interpret policy terms or provide standards of interpretation.
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Applies to all policies and certificates of insurance offered or issued within the state, regardless of any other existing law provisions.
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Becomes effective on the first day of the third month following passage and approval by the Governor, or upon the bill otherwise becoming law.
Legislative Description
Insurance, discretionary clause in insurance policies prohibited, interpretation clause in insurance policy to be void and unenforceable
Insurance
Last Action
Read for the first time and referred to the House of Representatives committee on Banking and Insurance
2/23/2010