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SB300 Alabama 2010 Session

Updated Jul 26, 2021
SB300 Alabama 2010 Session
Senate Bill
Enacted
Current Status
Regular Session 2010
Session
1
Sponsor

Summary

Session
Regular Session 2010
Title
Insurance companies, domestic, home office kept outside this state, requirement for duplicate records and office managed by officer of company deleted, records available to commissioner on request, Sec. 27-27-29 am'd.
Description

Under existing law, a domestic insurer may maintain its principal place of business outside of this state if it maintains a complete duplicate set of records and keeps an office in this state managed by one or more officers of the insurer in this state.

This bill would delete these requirements and would specify that suitable and customary records be kept and made available to the Commissioner of Insurance at its offices outside the state.

Subjects
Insurance

Bill Actions

Delivered to Governor at 5:35 p.m. on April 21, 2010

Assigned Act No. 2010-685.

Passed Second House

Motion to Read a Third Time and Pass adopted Roll Call 1110

Hill motion to Table adopted Roll Call 1109

Signature Requested

Mitchell Amendment Offered

Third Reading Passed

Enrolled

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 Adopt adopted Roll Call 819

Third Reading Adopted

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

Bill Text

Votes

Motion to Read a Third Time and Pass

April 21, 2010 House Passed
Yes 94
No 2
Absent 7

Hill motion to Table

April 21, 2010 House Passed
Yes 77
No 5
Abstained 1
Absent 20

Documents

Source: Alabama Legislature