SB229 Alabama 2012 Session

Summary

Primary Sponsor

Ben H. Brooks

Republican

Co-Sponsors

Trip PittmanRusty GloverGeorge M. “Marc” KeaheyVivian Davis Figures

Session

Regular Session 2012

Title

Homeowners insurance, rate filings and related actuarial information for homeowners property insurance coverage in Alabama are public record, review available in office of Insurance Commissioner and via Insurance Department Internet website, exceptions regarding confidential information

Summary

SB229 would make all rate filings and related actuarial information for Alabama homeowners insurance public, with limited confidential portions.

What This Bill Does

It requires rate filings and related actuarial information for homeowner's insurance to be public information after the bill’s effective date, and to be available for review in the Alabama Commissioner of Insurance's office and on the Department of Insurance website. It allows certain parts of a filing—specifically proprietary actuarial risk analyses or information restricted by statute or rule—to remain confidential and not be released without a court order, with those confidential items submitted separately and kept separate from public records. If a court order is sought, the department must be given at least 10 business days' notice, and the confidential information may only be released under the court order.

Who It Affects

• Insurance carriers that file rate and actuarial information for homeowners insurance; they must publish these filings publicly but may designate certain proprietary data as confidential and submit it separately.
• General public and consumers who want to review homeowners insurance rate filings and related actuarial information, who will have access to the public portions through the Department of Insurance's office and website, with confidential parts shielded.

Key Provisions

• All rate filings and related actuarial information for homeowner's insurance filed after the act’s effective date shall be public information.
• Public access is required at the Commissioner of Insurance’s Montgomery office and via the Department of Insurance website.
• Confidential portions include proprietary actuarial risk analysis, forecasting information, or information restricted by statute or rule; such information is protected as a trade secret and shall not be released without a court order, and must be submitted under separate cover and kept separate from public records, with at least 10 business days' notice if a court order is sought.
• The act becomes effective on the first day of the third month following its passage and approval.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Insurance Department