Loading chat...

AL HB122

Bill

Official Source

Status

Introduced

2/2/2021

Primary Sponsor

Kerry Rich

Click for details

Origin

House of Representatives

Regular Session 2021

AI Summary

  • Amends Section 27-13-21 of the Code of Alabama 1975 to exempt flood insurance from rate filing and approval requirements with the Commissioner of Insurance.

  • Flood insurance joins reinsurance, aviation insurance, and marine insurance as exempt categories from the article's rate filing provisions.

  • Maintains that rate filing requirements continue to apply to flood insurance covering motor vehicles specifically.

  • Becomes effective immediately upon passage and approval by the Governor or upon otherwise becoming law.

Legislative Description

Insurance, flood insurance, exempt from rate filing and approval requirement, Sec. 27-13-21 am'd.

Insurance

Last Action

Indefinitely Postponed

5/6/2021

Committee Referrals

Insurance2/2/2021

Full Bill Text

No bill text available