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HB477 Alabama 2010 Session

Updated Jul 26, 2021
HB477 Alabama 2010 Session
House Bill
Expired
Current Status
Regular Session 2010
Session
10
Sponsors

Summary

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.

Subjects
Property, Real and Personal

Bill Actions

Read for the first time and referred to the House of Representatives committee on Banking and Insurance

Bill Text

Documents

Source: Alabama Legislature