SB5 Alabama 2010 Session

Updated Jul 26, 2021

Summary

Primary Sponsor: Ben H. Brooks
Republican
Co-Sponsor: Trip Pittman
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

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