SB352 - Alabama Homeowners Bill of Rights Act

• Requires insurance carriers to provide homeowner policyholders with an outline of policy coverage and comprehensive policy checklist at time of sale and annually thereafter, with approval option for company-created checklists from the Department of Insurance.

• Establishes 19 specific rights for homeowner policyholders including competitive pricing, readable policies, cancellation rights, timely claim payment, access to claim estimates and reports, complaint filing, fair treatment, and rejection of settlement offers.

• Applies to all insurance companies writing homeowners personal lines residential coverage in Alabama, including surplus lines companies and the Alabama Insurance Underwriting Association, but excludes creditor-placed and association property coverage.

• Violations of the act constitute violations of the Unfair Trade Practices Act and may result in suspension or revocation of an insurer's Certificate of Authority or administrative fines.

• Does not create a private civil cause of action for individual policyholders and does not expand coverage beyond what the policy provides.