SB394 Alabama 2011 Session

Summary

Primary Sponsor

Ben H. Brooks

Republican

Co-Sponsor

Trip Pittman

Session

Regular Session 2011

Title

Property insurers, commercial and residential, disclosure of discounts for construction or improvements to property to withstand windstorm damage

Description

This bill would require property insurers to clearly notify their insureds at the application process and at renewal of the range of premium discounts, credits, differentials, reduced deductibles, or other policy savings available on properties having fixtures or construction techniques demonstrated to help reduce windstorm damage.

Insurers of commercial properties would be required to notify applicants and policyholders that a premium reduction may be available if steps have been taken to reduce windstorm damage, and to contact the agent for further information.

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Subjects

Insurance