HB250 Alabama 2010 Session

Summary

Primary Sponsor

Victor Gaston

Republican

Co-Sponsors

Harry ShiverJoe FaustAlan BakerSteve McMillan

Session

Regular Session 2010

Title

Homeowners insurance, all policies for primary residences required to be all-risk with premium rates not more than 100 percent different per thousand sold

Summary

HB250 would require all-risk homeowners insurance for primary residences statewide, with premiums per thousand not differing by more than 100% across the state.

What This Bill Does

If enacted, the bill would require that homeowners coverage for primary residences be all-risk and priced so that the premium rate per thousand sold does not differ by more than 100% statewide, regardless of the home’s location. Prices would be standardized statewide, and the requirement would apply without regard to the actual physical location of the residence. The act would take effect immediately after passage and the Governor's approval.

Who It Affects

• Homeowners with primary residences across Alabama, who would be guaranteed all-risk coverage and be subject to statewide pricing limits.
• Insurance companies and other insurers offering homeowners policies, which would need to provide all-risk coverage and maintain premium differences per thousand sold within the specified 100% limit.

Key Provisions

• Section 1: Notwithstanding any other law, homeowners insurance for a primary residence must be all-risk and sold at a premium rate per thousand not differing by more than 100% across the state, without regard to the residence’s actual location.
• Section 2: The act becomes effective immediately following its passage and approval by the Governor.

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