HB123 Alabama 2012 Session
Bill Summary
Under existing law, a rate filing made by an insurer of personal lines insurance written on risks in this state that provides for an overall statewide rate increase or decrease takes effect upon approval by the Commissioner of Insurance
This bill would provide that such a rate filing may take effect the date it is filed
This bill would provide that a filing submitted pursuant to this act shall be considered in compliance with state law unless the Commissioner of the Department Insurance determines that the filing is unreasonably high, inadequate, or unfairly discriminatory
Relating to the Department of Insurance; to provide that a rate filing made by an insurer of personal lines insurance written on risks in this state who is authorized to do business in this state that provides for an overall statewide rate increase or decrease of no more than 12 percent in the aggregate for all coverages may take effect the date it is filed; and to provide that a filing submitted pursuant to this act shall be considered in compliance with state law unless the Commissioner of the Department of Insurance determines that the filing is unreasonably high, inadequate, or unfairly discriminatory.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 7, 2012 | Read for the first time and referred to the House of Representatives committee on Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB123 Alabama 2012 Session - Introduced |