HB201 Alabama 2011 Session

Summary

Primary Sponsor

John Merrill

Republican

Session

Regular Session 2011

Title

Firefighters Annuity and Benefit Fund, property and casualty insurance policy, voluntary contribution on policy billing provided for

Summary

The bill would let Alabama policyholders voluntarily add a $3 annual contribution to their property and casualty insurance policies, with up to a 3% admin fee, to fund the Alabama Firefighters Annuity and Benefit Fund.

What This Bill Does

It creates a voluntary checkoff on policy bills. If a policyholder chooses to contribute, $3 is added to the premium, minus an admin fee (not more than 3% of the contribution) kept by the insurer. The remaining money is sent to the Alabama Firefighters Annuity and Benefit Fund, on a quarterly schedule, and the fund's executive director receives the money monthly by the 10th after it's collected.

Who It Affects

• Policyholders of property and casualty insurance in Alabama who choose to participate by checking the box; their premiums would increase by up to $3 minus the admin fee.
• Insurance policy issuers (companies that issue or renew property and casualty policies) which collect the voluntary contribution, deduct an admin fee, and remit the net funds to the Alabama Firefighters Annuity and Benefit Fund.

Key Provisions

• Creates a voluntary $3 annual contribution on each property and casualty policy issued or renewed in Alabama, collected through a checkoff box on the policy billing; the contribution amount may be reduced by an administration fee not to exceed 3% before sending to the fund.
• Remits the net contributions to the Alabama Firefighters Annuity and Benefit Fund quarterly (January 1-15, April 1-15, July 1-15, October 1-15) and to the fund's executive director by the 10th day of the month following collection; the act becomes effective immediately after governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Firefighters Annuity and Benefit Fund