HB76 Alabama 2011 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2011
Title
Surplus Lines Insurance Multi-State Compliance Compact Commission, established, Surplus Lines Insurance Multi-State Compliance Compact Act
Description
<p class="bill_description"> This bill would establish the Surplus Lines
Insurance Multi-State Compliance Compact Act</p><p class="bill_description">
This bill would provide for exclusive
single-state regulatory compliance for multi-state
surplus lines and independently procured insurance
placements</p><p class="bill_description">
This bill would provide for uniform premium
tax allocation formulas</p><p class="bill_description">
This bill would provide a clearinghouse to
facilitate correct calculations</p><p class="bill_description">
This bill would provide for reporting of
premium taxes due to the compacting states</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> 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.
</p>
Subjects
Insurance
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 - Introduced |
| Bill Text | HB76 Alabama 2011 Session - Engrossed |
| Bill Text | HB76 Alabama 2011 Session - Enrolled |