HB722 Alabama 2012 Session

Updated Jul 25, 2021

Summary

Primary Sponsor: Yvonne Kennedy
Democrat
Co-Sponsors: James E. Buskey Randy Davis Jamie Ison Jim Barton Napoleon Bracy David Sessions
Session: Regular Session 2012
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.
Subjects: Insurance

Read for the first time and referred to the House of Representatives committee on Insurance