SB7 Alabama 2011 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2011
Title
Property insurers, commercial and residential, disclosure of discounts for construction or improvements to property to withstand windstorm damage
Description
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> Relating to residential property insurance
providers; to require insurers at application and renewal to
clearly notify the applicant and policyholder of the
availability of each premium discount, credit, rate
differential, lower deductible, or policy premium cost saving
for properties having fixtures or construction techniques
demonstrated to reduce the amount of loss or damage in a
windstorm; and to require commercial property insurers to
notify applicants and policyholders of the possibility of
premium reductions for improvements for windstorm resistance.
</p>
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| June 1, 2011 | Indefinitely Postponed | |
| April 26, 2011 | Read for the second time and placed on the calendar | |
| March 1, 2011 | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB7 Alabama 2011 Session - Introduced |