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AL SB410
Bill
Status
Introduced
3/15/2012
Primary Sponsor
Gerald Dial
Click for details
AI Summary
- Allows a voluntary $3 annual contribution to be added to automobile and boat fire insurance policies issued or renewed in Alabama.
- Policy owners opt in by checking a box on their billing statement to have the $3 contribution added to their premium.
- Insurance companies retain 3% of the $3 fee as an administrative fee, with the remaining 97% distributed to the Alabama Association of Rescue Squads.
- Collected fees must be remitted to the association's executive director by the 10th day of each month following collection.
- Act becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Fire Protection, Alabama Association of Rescue Squads, voluntary contributions from amounts due on automobile and boat fire insurance
Alabama Association of Rescue Squads
Last Action
Read for the first time and referred to the Senate committee on Banking and Insurance
3/15/2012
Committee Referrals
Banking and Insurance3/15/2012
Full Bill Text
No bill text available