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AL HR454

Resolution

Status

Engrossed

5/8/2012

Primary Sponsor

Unknown

Origin

House of Representatives

Regular Session 2012

AI Summary

  • Establishes a special order calendar for the 27th legislative day of the Alabama House of Representatives, giving precedence to specified bills over regular business.

  • Schedules HB166 regarding homeowners insurance, requiring policyholders receive certain information and rights, with violations enforceable under the Unfair Trade Practices Act and Homeowners Bill of Rights Act.

  • Schedules SB230 providing insurance premium tax credits for private property carriers writing homeowners coverage in Zones 1, 2, 3, and 4 in counties contiguous to Mobile Bay and Gulf of Mexico.

  • Schedules SB227 establishing catastrophe savings accounts to cover insurance deductibles and uninsured losses from windstorm events, with income tax deduction for account deposits.

  • Schedules SB210 (Property Insurance Clarity Act) requiring the Insurance Department to collect and publicly post homeowners insurance data by county and zip code, with penalties for non-compliance.

  • Schedules SB164 regulating domestic insurer investments by prohibiting certain activities and custodial arrangements while allowing authorized financial institutions as investment alternatives.

Legislative Description

House of Representatives, Special Order Calendar

Resolution, Legislative

Last Action

Galliher motion to Adopt adopted Voice Vote

5/8/2012

Full Bill Text

No bill text available