SB254
SB254 By Senators Hightower, Glover, Albritton and Pittman ENROLLED, An Act, Relating to insurance discounts; to amend Sections 27-31D-1, 27-31D-2, and 27-31D-3 of the Code of Alabama 1975, to allow owners of commercial property an insurance premium reduction for retrofitting their commercial property to strengthen the structures in order to help resist hurricane and other windstorm damages. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 27-31D-1, 27-31D-2, and 27-31D-3 of the Code of Alabama 1975, are amended to read as follows: §27-31D-1. "(a) Commencing on May 14, 2009, insurance companies shall provide a premium discount or insurance rate reduction in an amount and manner as established in subsection (d) and pursuant to Section 27-31D-3. In addition, insurance companies may also offer additional adjustments in deductible, other credit rate differentials, or a combination thereof, collectively referred to as adjustments. These adjustments shall be available under...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB254.htm - 9K - Match Info - Similar pages
HB281
165695-1:n:03/11/2015:LLR/th LRS2015-924 HB281 By Representatives McMillan, Baker, Shiver, Hill (M), Faust, Gaston, Greer and Davis RFD Insurance Rd 1 17-MAR-15 SYNOPSIS: Currently, homeowners who live within certain areas of this state are provided insurance premium reductions for retrofitting their homes to strengthen the structures in order to help resist hurricane and other windstorm damages. This bill would allow owners of commercial property an insurance premium reduction for retrofitting their commercial property to strengthen the structures in order to help resist hurricane and other windstorm damages. A BILL TO BE ENTITLED AN ACT Relating to insurance discounts; to amend Sections 27-31D-1, 27-31D-2, and 27-31D-3 of the Code of Alabama 1975, to allow owners of commercial property an insurance premium reduction for retrofitting their commercial property to strengthen the structures in order to help resist hurricane and other windstorm damages. BE IT ENACTED BY THE LEGISLATURE OF...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB281.htm - 8K - Match Info - Similar pages
SB149
157910-1:n:02/05/2014:FC/tan LRS2014-656 SB149 By Senator Blackwell RFD Banking and Insurance Rd 1 05-MAR-15 SYNOPSIS: Under existing law, all surety insurers are required to post an unearned premium reserve in the same manner as property and general casualty insurers. This bill would provide a specific unearned premium reserve for bail bond surety insurers as an alternative to the general requirements for other surety insurers. A BILL TO BE ENTITLED AN ACT Relating to insurance; to provide for the unearned premium reserve for bail bond surety insurers; and for this purpose to add Section 27-36-3.1 to the Code of Alabama 1975. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. Section 27-36-3.1 is added to the Code of Alabama 1975, to read as follows: §27-36-3.1. In lieu of the unearned premium reserve required in Section 27-36-3, the Commissioner of Insurance may require any surety insurer or limited insurer to set up and maintain a reserve on all bail bonds or other...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB149.htm - 2K - Match Info - Similar pages
HB93
156119-1:n:12/26/2013:LLR/th LRS2013-4473 HB93 By Representative Hill (M) RFD Insurance Rd 1 03-MAR-15 SYNOPSIS: Under existing law, a rate filing made by an insurer of personal lines insurance written on risks in this state that provides for an overall statewide rate increase or decrease takes effect upon approval by the Commissioner of Insurance. This bill would provide that such a rate filing for private personal automobile insurance may take effect the date it is filed. This bill would provide that a filing submitted pursuant to this act shall be considered in compliance with state law unless the Commissioner of the Department Insurance determines that the filing is unreasonably high, inadequate, or unfairly discriminatory. A BILL TO BE ENTITLED AN ACT Relating to the Department of Insurance; to provide that a rate filing made by an insurer of private personal automobile insurance written on risks in this state who is authorized to do business in this state that provides for an...
alisondb.legislature.state.al.us/...ableinstruments/2015rs/bills/HB93.htm - 6K - Match Info - Similar pages
SB150
156119-1:n:12/26/2013:LLR/th LRS2013-4473 SB150 By Senator Blackwell RFD Banking and Insurance Rd 1 05-MAR-15 SYNOPSIS: Under existing law, a rate filing made by an insurer of personal lines insurance written on risks in this state that provides for an overall statewide rate increase or decrease takes effect upon approval by the Commissioner of Insurance. This bill would provide that such a rate filing for private personal automobile insurance may take effect the date it is filed. This bill would provide that a filing submitted pursuant to this act shall be considered in compliance with state law unless the Commissioner of the Department Insurance determines that the filing is unreasonably high, inadequate, or unfairly discriminatory. A BILL TO BE ENTITLED AN ACT Relating to the Department of Insurance; to provide that a rate filing made by an insurer of private personal automobile insurance written on risks in this state who is authorized to do business in this state that provides for...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB150.htm - 6K - Match Info - Similar pages
SB278
166210-1:n:03/18/2015:LLR/th LRS2015-1165 SB278 By Senator Blackwell RFD Banking and Insurance Rd 1 18-MAR-15 SYNOPSIS: Under existing law, a rate filing made by an insurer of personal lines insurance written on risks in this state that provides for an overall statewide rate increase or decrease takes effect upon approval by the Commissioner of Insurance. This bill would provide that such a rate filing for private personal automobile insurance may take effect the date it is filed. This bill would provide that a filing submitted pursuant to this act shall be considered in compliance with state law unless the Commissioner of the Department Insurance determines that the filing is unreasonably high, inadequate, or unfairly discriminatory. A BILL TO BE ENTITLED AN ACT Relating to the Department of Insurance; to provide that a rate filing made by an insurer of private personal automobile insurance written on risks in this state who is authorized to do business in this state that provides for...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB278.htm - 6K - Match Info - Similar pages
HB557
Rep(s). By Representative Lindsey HB557 ENROLLED, An Act, Relating to Cleburne County; to provide for an additional fire protection service fee on certain owners of dwellings, commercial buildings, and agricultural buildings in the county to be collected by the revenue commissioner at the same time as ad valorem taxes; to provide certain exemptions; to provide for collection of the fee; to provide for distribution of the funds to Cleburne County Search and Rescue and to the Cleburne County Association of Volunteer Fire Department, Inc.; to provide for the expenditure of the funds; to provide that failure to pay to fee shall constitute a lien on the property; and to provide for a referendum. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. (a) Pursuant to the authority granted by Amendment 586 of the Constitution of Alabama of 1901, now appearing as Cleburne County, Section 2, Local Amendment of the Official Recompilation, in addition to all other service fees or taxes now or...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB557.htm - 6K - Match Info - Similar pages
HB303
165896-1:n:03/17/2015:FC/agb LRS2015-1068 HB303 By Representatives Beckman, Fridy, Whorton (I), Wadsworth, Hill (J), England, Jones and Givan RFD Insurance Rd 1 17-MAR-15 SYNOPSIS: Under existing law, a licensed attorney who serves as an agent for a title insurance company is also required to be licensed by the State Insurance Department. This bill would exempt licensed attorneys from licensure as a title insurance agent. A BILL TO BE ENTITLED AN ACT To amend Section 27-25-3 of the Code of Alabama 1975, relating to the licensure of title insurance agents by the State Insurance Department, to exempt licensed attorneys from licensure. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 27-25-3 of the Code of Alabama 1975, is amended to read as follows: §27-25-3. "For the purposes of this chapter, the following terms shall have the following meanings: "(1) ABSTRACT OF TITLE. A compilation or summary of all instruments of public record of whatever kind or nature which in any...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/HB303.htm - 5K - Match Info - Similar pages
HB37
164041-2:n:01/15/2015:FC/tj LRS2015-124R1 HB37 By Representative Hill (M) RFD Insurance Rd 1 03-MAR-15 SYNOPSIS: Under existing law, the examiners of the Department of Insurance prepare an examination report based on the information gathered in an examination of the records of the insurer. Upon the filing of an examination report, the insurer has 20 days to file a request for a hearing regarding the report. The Commissioner of Insurance may withhold the report from public inspection for as long as necessary to protect the insurer examined from unwarranted injury or in the public interest, and thereafter, the commissioner may publish the results of the examination. This bill would require the examiner to file a verified report of examination of an insurer within 60 days of completion of an examination and would allow the insurer 30 days to file a rebuttal. Thereafter, the commissioner would be authorized to adopt the report or to reject the report with direction to reopen the...
alisondb.legislature.state.al.us/...ableinstruments/2015rs/bills/HB37.htm - 13K - Match Info - Similar pages
SB456
168813-1:n:05/05/2015:FC/mfc LRS2015-1904 SB456 By Senators Albritton, Smitherman and Ward RFD Banking and Insurance Rd 1 05-MAY-15 SYNOPSIS: Under existing law, a licensed attorney who serves as an agent for a title insurance company is also required to be licensed by the State Insurance Department. This bill would exempt licensed attorneys from licensure as a title insurance agent. A BILL TO BE ENTITLED AN ACT To amend Section 27-25-3 of the Code of Alabama 1975, relating to the licensure of title insurance agents by the State Insurance Department, to exempt licensed attorneys from licensure. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 27-25-3 of the Code of Alabama 1975, is amended to read as follows: §27-25-3. "For the purposes of this chapter, the following terms shall have the following meanings: "(1) ABSTRACT OF TITLE. A compilation or summary of all instruments of public record of whatever kind or nature which in any manner affect title to a specified parcel...
alisondb.legislature.state.al.us/...bleinstruments/2015rs/bills/SB456.htm - 5K - Match Info - Similar pages
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