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AL HB33
Bill
Status
2/2/2021
Primary Sponsor
Kerry Rich
Click for details
AI Summary
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Adds Section 8-33-14 to the Code of Alabama 1975 to establish provisions for the Vehicle Protection Product Act.
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Requires all fees collected by the Commissioner of Insurance for registering vehicle protection product warrantors to be deposited into the Insurance Department Fund.
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Makes any person examined by the Commissioner of Insurance in enforcement of the Vehicle Protection Product Act liable for the examination expenses as provided in Section 27-2-25.
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Becomes effective immediately upon passage and approval by the Governor or upon otherwise becoming law.
Legislative Description
Insurance Dept., Motor Vehicle Protection Products Act, fees deposited in Insurance Dept. Fund, expense related to exam by commissioner, paid by company examined, Sec. 8-33-14 added.
Insurance Department
Last Action
Indefinitely Postponed
5/6/2021