HB477 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Property insurance, hurricane deductible only applied on damages from named hurricane or tropical storm, certain personal lines insurance policies to offer voluntary buy-back provision, penalties
Description
This bill would prohibit the application of a hurricane deductible for property damage in insurance policies unless the damage arose from a named hurricane or tropical storm, would require any personal lines insurance policy offering a percentage deductible for the peril of winds and hail to offer a voluntary buy-back provision, and would provide penalties for violations
To prohibit the application of a hurricane deductible for property damage in insurance policies unless the damage arose from a named hurricane or tropical storm; to require personal lines insurance policies offering a percentage deductible for the peril of winds and hail to offer a voluntary buy-back provision; and to provide penalties for violations.
Subjects
Property, Real and Personal
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 2, 2010 | Read for the first time and referred to the House of Representatives committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB477 Alabama 2010 Session - Introduced |