HB220 Alabama 2010 Session
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Bill Summary
Sponsors
Session
Regular Session 2010
Title
Surplus line insurance, foreign and alien insurers, requirement for transacting insurance for minimum of five years in its state or country of domicile, exception under certain conditions, Sec. 27-10-26 am'd.
Description
Under existing law, certain insurance risks may be placed with foreign and alien insurers pursuant to the surplus line insurance law, but only with insurers that have done business as authorized insurers in their state of domicile for a minimum of five years
This bill would provide an exception to the five-year requirement of foreign and alien surplus line insurers who place a special deposit in this state
To amend Section 27-10-26, Code of Alabama 1975, relating to surplus line insurance; to provide an exception to the five-year requirement for foreign and alien surplus line insurers submitting a special deposit in this state.
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 4, 2010 | Pending third reading on day 19 Favorable from Banking and Insurance | |
| March 4, 2010 | Read for the second time and placed on the calendar | |
| February 25, 2010 | Read for the first time and referred to the Senate committee on Banking and Insurance | |
| February 16, 2010 | Motion to Read a Third Time and Pass adopted Roll Call 274 | |
| February 16, 2010 | Third Reading Passed | |
| January 28, 2010 | Read for the second time and placed on the calendar | |
| January 12, 2010 | Read for the first time and referred to the House of Representatives committee on Banking and Insurance |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB220 Alabama 2010 Session - Introduced |