Insurance, to provide for opinion of appointed actuary, to permit an insurer to apply for an exception for annual actuarial opinion requirement, Sec. 27-3-26.1 am'd.
Onsite Wastewater Board, requirement of annual transfer of unencumbered funds to State Gen. Fund deleted, administrative fines increased, Secs. 34-21A-6, 34-21A-25 am'd.
Insurance, reinsurance, regulation and credit against reserves, adoption of similar to Credit for Reinsurance Model Law by Nat. Assoc. of Insurance Commissioners, Secs. 27-5B-8.1, 27-5B-20 added; Secs. 27-5B-3, 27-5B-9, 27-5B-11, 27-5B-14, 27-5B-19 am'd.
State Fire Marshal, fireworks and pyrotechnics, fees, increased, transfer of portion to Firefighters Annuity and Benefit Fund, increases further based on Consumer Price Index, Sec. 36-19-31 added; Secs. 8-17-211, 8-17-216.1, 8-17-237, 8-17-255, 34-3-11, 34-33A-12, 36-19-29 am'd.
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, Secs. 8-32-13, 8-32-14 added.
Insurance companies, corporate governance, required to provide Commissioner of Insurance annually, insurance holding company systems, definition of internationally active insurance groups, confidentially, Corporate Governance Model Act enacted, Secs. 27-29B-1 to 27-29B-9, inclusive, added; Secs. 27-29-1, 27-29-7 am'd.
Insurance Data Security Law, Insurance Commissioner to regulate, reports to Insurance Dept., licensee to implement information security programs, oversight of third-party providers, reports re cybersecurity events, criminal penalties, Secs. 10A-20-6.16, 27-21A-23 am'd.
Insurance companies, corporate governance, required to provide Commissioner of Insurance annually, Corporate Governance Model Act enacted, Secs. 27-29B-1 to 27-29B-9, inclusive, added
Insurance companies, unsolvenices, Alabama Insurance Guaranty Association Act, provisions conformed to most recent model act, obligation of assoc. to pay covered claims before order of liquidation of insolvent insurer, statutory cap for benefits and aggregate cap provided, Secs. 27-42-3, 27-42-5, 27-42-8, 27-42-11, 27-42-12 am'd.
Insurance Dept, licensure of producers and service representatives, continuing education for renewals, civil penalties, provisions for extension deleted, Secs. 27-8A-1, 27-8A-2 am'd.
Residential property, foreclosure, right-of-redemption, time period to redeem further provided for, notice requirement actions, affirmative defense, provided for, time frame for notice requirement actions, further provided for, Sec. 6-5-248 am'd.
Abortion, require abortion providers to provide certain information to women seeking an abortion, and to require refunds if the abortion is cancelled, Secs. 26-23A-4, 26-23A-10 am'd.
Residential property, foreclosure, right-of-redemption, time period to redeem further provided for, notice requirement actions, affirmative defense, provided for, time frame for notice requirement actions, further provided for, Sec. 6-5-248 am'd.
