HB724 Alabama 2012 Session
Updated Jul 25, 2021
HB724 Alabama 2012 Session
House Bill
Expired
Current Status
Regular Session 2012
Session
6
Sponsors
Summary
- Primary Sponsor
-
Yvonne KennedyDemocrat - 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
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.
- Subjects
- Property, Real and Personal
Bill Actions
Read for the first time and referred to the House of Representatives committee on Insurance
Bill Text
Documents
Source: Alabama Legislature