HB78 Alabama 2011 Session

Summary

Primary Sponsor

Gregory Canfield

Republican

Co-Sponsors

Joe FaustGreg WrenK.L. Brown

Session

Regular Session 2011

Title

Life insurance death benefits, Beneficiaries' Bill of Rights, established, disclosure, transparency, and accountability in payments

Description

This bill would create the Beneficiaries' Bill of Rights.

This bill would require complete and proper disclosure, transparency, and accountability relating to any method of payment for life insurance death benefits.

Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, prohibits a general law whose purpose or effect would be to require a new or increased expenditure of local funds from becoming effective with regard to a local governmental entity without enactment by a 2/3 vote unless: it comes within one of a number of specified exceptions; it is approved by the affected entity; or the Legislature appropriates funds, or provides a local source of revenue, to the entity for the purpose.

The purpose or effect of this bill would be to require a new or increased expenditure of local funds within the meaning of the amendment. However, the bill does not require approval of a local governmental entity or enactment by a 2/3 vote to become effective because it comes within one of the specified exceptions contained in the amendment.

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Subjects

Insurance