SB10 Alabama 2010 Session

Updated Jul 26, 2021

Summary

Primary Sponsor: Trip Pittman
Republican
Session: Regular Session 2010
Title: Insurance, surplus lines 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.
Subjects: Insurance

Forwarded to Governor on March 11, 2010 at 10:20 a.m. on March 11, 2010

Enrolled

Assigned Act No. 2010-217.

Enrolled

Signature Requested

Passed Second House

Motion to Read a Third Time and Pass adopted Roll Call 534

Third Reading Passed

Read for the second time and placed on the calendar

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

Motion to Read a Third Time and Pass adopted Roll Call 174

Third Reading Passed

Read for the second time and placed on the calendar

Read for the first time and referred to the Senate committee on Banking and Insurance