HB106 Summary

• Authorizes the Commissioner of Insurance to create educational and informational programs and presentations for consumers regarding insurance and other matters regulated by the department.

• Adds hurricanes and nonhurricane wind and hail to the list of perils for which homeowners insurers must submit annual loss and policy data to the Alabama Department of Insurance by zip code.

• Requires insurers writing homeowners insurance to report direct incurred losses and number of policies in force for each peril separately: fire, nonhurricane wind/hail, hurricane, and all other perils.

• Amends Sections 27-2-7 and 27-22-21 of the Alabama Code to implement these requirements under the Property Insurance Clarity Act.

• Takes effect immediately upon passage and approval by the Governor.