HB76 Alabama 2011 Session
Bill Summary
This bill would establish the Surplus Lines Insurance Multi-State Compliance Compact Act
This bill would provide for exclusive single-state regulatory compliance for multi-state surplus lines and independently procured insurance placements
This bill would provide for uniform premium tax allocation formulas
This bill would provide a clearinghouse to facilitate correct calculations
This bill would provide for reporting of premium taxes due to the compacting states
This bill would provide that the compact shall become effective and binding upon legislative enactment of the compact into law by two compacting states, and the commission shall become effective for purposes of adopting rules and creating the clearinghouse when there are a total of 10 compacting states and contracting states or, alternatively, when there are compacting states and contracting states representing greater than 40 percent of the surplus lines insurance premium volume based on records of the percentage of surplus lines insurance premium
To establish the Surplus Lines Insurance Multi-State Compliance Compact Act providing for exclusive single-state regulatory compliance for multi-state surplus lines and independently procured insurance placements; providing for uniform premium tax allocation formulas; providing for a clearinghouse to facilitate correct calculations; providing for reporting of premium taxes due to the compacting states; and providing that the compact shall become effective and binding upon legislative enactment of the compact into law by two compacting states, and the commission shall become effective for purposes of adopting rules and creating the clearinghouse when there are a total of 10 compacting states and contracting states or, alternatively, when there are compacting states and contracting states representing greater than 40 percent of the surplus lines insurance premium volume based on records of the percentage of surplus lines insurance premium.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| June 2, 2011 | Forwarded to Governor at 6:50 p.m. on June 2, 2011. | |
| June 2, 2011 | Assigned Act No. 2011-537 on 06/09/2011. | |
| June 2, 2011 | Signature Requested | |
| June 2, 2011 | Clerk of the House Certification | |
| June 2, 2011 | Enrolled | |
| June 2, 2011 | Passed Second House | |
| June 2, 2011 | Motion to Read a Third Time and Pass adopted Roll Call 977 | |
| June 2, 2011 | Third Reading Passed | |
| May 26, 2011 | Read for the second time and placed on the calendar | |
| May 24, 2011 | Read for the first time and referred to the Senate committee on Banking and Insurance | |
| May 5, 2011 | Engrossed | |
| May 5, 2011 | Motion to Read a Third Time and Pass adopted Roll Call 714 | |
| May 5, 2011 | Motion to Adopt adopted Roll Call 713 | |
| May 5, 2011 | Wren 2nd Amendment Offered | |
| May 5, 2011 | Motion to Adopt adopted Roll Call 712 | |
| May 5, 2011 | Wren 1st Amendment Offered | |
| May 5, 2011 | Third Reading Passed | |
| April 6, 2011 | Read for the second time and placed on the calendar | |
| March 1, 2011 | Read for the first time and referred to the House of Representatives committee on Insurance |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB76 Alabama 2011 Session - Enrolled |
| Bill Text | HB76 Alabama 2011 Session - Engrossed |
| Bill Text | HB76 Alabama 2011 Session - Introduced |