SB232 Alabama 2012 Session
Bill Summary
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.
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.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 7, 2012 | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB232 Alabama 2012 Session - Introduced |
Source: Alabama Legislature