HB724 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Property insurance, hurricane deductible only applied on damages from named hurricane or tropical storm, certain personal lines insurance policies to offer voluntary buy-back provision, penalties
Description
<p class="bill_description"> This bill would prohibit the application of
a hurricane deductible for property damage in
insurance policies unless the damage arose from a
named hurricane or tropical storm, would require
any personal lines insurance policy offering a
percentage deductible for the peril of winds and
hail to offer a voluntary buy-back provision, and
would provide penalties for violations</p><p class="bill_entitled_an_act"> To prohibit the application of a hurricane
deductible for property damage in insurance policies unless
the damage arose from a named hurricane or tropical storm; to
require personal lines insurance policies offering a
percentage deductible for the peril of winds and hail to offer
a voluntary buy-back provision; and to provide penalties for
violations.
</p>
Subjects
Property, Real and Personal
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 19, 2012 | Read for the first time and referred to the House of Representatives committee on Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB724 Alabama 2012 Session - Introduced |