HB722 Alabama 2012 Session

Summary

Primary Sponsor

Yvonne Kennedy

Democrat

Co-Sponsors

James E. BuskeyRandy DavisJamie IsonJim BartonNapoleon BracyDavid Sessions

Session

Regular Session 2012

Title

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

Summary

HB722 would require property insurers to clearly disclose windstorm-related discounts and how to obtain them at policy application and renewal.

What This Bill Does

It requires residential property insurers to notify applicants and policyholders of the availability and range of discounts, credits, reduced deductibles, or other premium savings for properties with windstorm-resistant features, and to describe measures that can reduce windstorm premiums. It requires commercial property insurers to inform applicants and policyholders that premium reductions may be available if steps to prevent or reduce windstorm damage have been taken, and to advise contacting an agent for more information. The requirement applies to policies issued or renewed after the act’s effective date.

Who It Affects

• Residential property insurance applicants and policyholders, who would receive notices about windstorm-related discounts and measures to reduce premiums
• Commercial property insurance applicants and policyholders, who would receive notices about possible windstorm-related premium reductions and how to obtain more information

Key Provisions

• Residential policies: insurers must, at issuance and renewal, clearly notify applicants/policyholders about the availability and range of windstorm-related discounts, credits, rate differentials, or deductible reductions and must describe generally what measures can reduce windstorm premiums.
• Commercial policies: insurers must, at issuance and renewal, include a notice that a premium reduction may be available if steps have been taken to prevent or reduce windstorm damage and that the policyholder may contact an agent, broker, or insurer for more information.
• Effective date: the notice requirements apply to policies issued or renewed after the act’s effective date.
• Effective date of the act: the act becomes law on the first day of the third month after passage and governor 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

Insurance