HB248 Alabama 2010 Session

Summary

Primary Sponsor

Victor Gaston

Republican

Co-Sponsors

Harry ShiverJoe FaustAlan Baker

Session

Regular Session 2010

Title

Homeowners insurance, all policies for primary residences required to be all-risk with level premium rates

Summary

The bill would require all homeowners with primary residences in Alabama to have all-risk homeowners insurance priced at a uniform level premium per thousand statewide, regardless of location.

What This Bill Does

If passed, the bill would override current pricing variations by making all primary-residence homeowner policies all-risk and pricing them with a single level-per-thousand rate across the state. The rate would be the same regardless of where the home is located. It would apply to all primary residences and take effect immediately after passage and governor approval.

Who It Affects

• Homeowners with primary residences in Alabama would have to carry all-risk coverage priced at a uniform level premium per thousand, no matter where their home is located.
• Insurance companies and insurers offering homeowners policies in Alabama would be required to issue all-risk coverage and use a statewide level premium rate per thousand.

Key Provisions

• Section 1: Homeowners insurance for a primary residence must be all-risk and sold at a level premium rate per thousand throughout the state, regardless of the home's location.
• Section 2: The act becomes effective immediately after passage and governor approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Insurance