HB188 Alabama 2012 Session

Summary

Primary Sponsor

Richard J. Laird

Independent

Session

Regular Session 2012

Title

Firefighters Annuity and Benefit Fund, property and casualty insurance policy, voluntary contribution on policy billing provided for

Summary

HB188 would let people voluntarily add a $3 annual contribution on their property and casualty insurance bills to fund the Alabama Firefighters Annuity and Benefit Fund, with an administration fee deducted before sending the rest to the Fund.

What This Bill Does

It creates a voluntary checkoff on policy bills for a $3 annual contribution to the Alabama Firefighters Annuity and Benefit Fund. An administration fee, capped at 3% of the contributed amount, may be deducted. The net contributions are sent to the Fund and distributed quarterly, with the collector remitting the net amount to the Fund's executive director by the 10th of the month after collection; the measure becomes effective immediately after governor's approval.

Who It Affects

• Property and casualty insurance policyholders who opt in by checking the box and paying the net voluntary contribution to the Fund.
• Insurance companies/issuers that collect the voluntary contribution from policyholders and remit the net funds to the Alabama Firefighters Annuity and Benefit Fund on a quarterly schedule.

Key Provisions

• A voluntary annual contribution of $3 to the Alabama Firefighters Annuity and Benefit Fund, collected via a checkoff box on property and casualty policy bills, with an administration fee not to exceed 3% of revenues remitted to the fund.
• Net contributions are remitted to the Fund quarterly (between the 1st and 15th of January, April, July, and October) and the net amount is remitted to the executive director by the 10th day of the following month; effective immediately after governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Firefighters Annuity and Benefit Fund