HB 166 - Alabama Homeowners Bill of Rights Act

• Requires insurance carriers to provide homeowner policyholders with an outline of coverage and comprehensive policy checklist at issuance, within 30 days after issuance under separate cover, or included with the policy when issued or mailed.

• Establishes 12 minimum rights standards for policyholders including competitive pricing, financial stability assurance, service from licensed producers, complete policies, cancellation notice, premium refunds, claim settlement rejection rights, contractor selection rights, and complaint filing rights.

• Mandates comprehensive policy checklists include coverage details for property, personal contents, specific perils (fire, wind, hail, flood, earthquake, mold, theft, etc.), and additional coverages (debris removal, living expenses, liability, medical payments).

• Violations of this 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.

• Effective for new business policies on or after July 1, 2013, and for existing policies at renewal on or after July 1, 2013.