HB77 Alabama 2011 Session

Existing law does not allow the Commissioner of the Alabama Department of Insurance or his or her designee to collect market conduct annual statement data for analysis purposes from insurers.

This bill would allow the Commissioner of the Alabama Department of Insurance or his or her designee to collect market conduct annual statement data for analysis purposes from insurers.

This bill would provide the procedures for and set forth the method for collecting and sharing market conduct annual statement information.

This bill would provide for the submission and collection of market conduct annual statement information.

This bill would provide for the review and analysis of market conduct annual statement data.

This bill would provide for the selection and standards for designees of the commissioner.

This bill would provide for the confidentiality of market conduct annual statement data, analysis, and reports.

This bill would provide for the sharing of the market conduct annual statement data and analysis.

Relating to insurers; to allow the Commissioner of the Alabama Department of Insurance or his or her designee to collect market conduct annual statement data for analysis purposes from insurers; to provide the procedures for and set forth the method for collecting and sharing market conduct annual statement information; to provide for the submission and collection of market conduct annual statement information; to provide for the review and analysis of market conduct annual statement data; to provide for the selection and standards for designees of the commissioner; to provide for the confidentiality of market conduct annual statement data, analysis, and reports; and to provide for the sharing of the market conduct annual statement data and analysis.