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AL SB25
Bill
AI Summary
SB25 Summary
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Adds Section 8-33-14 to the Alabama Code to establish fee and examination expense provisions for 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 in enforcement of the Vehicle Protection Product Act liable for and required to pay the expenses of that examination, as provided in Section 27-2-25.
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Became effective immediately upon passage and approval by the Governor.
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
Assigned Act No. 2021-163.
4/1/2021