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AL SB55
Bill
Status
3/5/2020
Primary Sponsor
Shay Shelnutt
Click for details
AI Summary
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Adds Section 8-33-14 to the Alabama Code regulating the Vehicle Protection Product Act (Chapter 33, Title 8).
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Requires all fees collected by the Commissioner of Insurance in enforcing the Vehicle Protection Product Act to be deposited into the Insurance Department Fund.
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Makes any person examined by the Commissioner of Insurance in Vehicle Protection Product Act enforcement liable for and required to pay examination expenses as provided in Section 27-2-25.
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Takes effect immediately upon passage and approval by the Governor or upon otherwise becoming law.
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Passed the Alabama Senate on March 5, 2020 with a vote of 32-0.
Legislative Description
Insurance Dept., service contract law, expenses related to examination by Commissioner of Insurance, Vehicle Protection Products Act, fees deposited in Insurance Dept. Fund, expense related to exam by commissioner, Sec. 8-33-14 added.
Insurance Department
Last Action
Pending third reading on day 13 Favorable from Insurance
3/12/2020