HB161 Alabama 2013 Session

Summary

Primary Sponsor

Jim Barton

Republican

Co-Sponsors

Steve McMillanVictor GastonNapoleon BracyJoe FaustHarry ShiverDavid SessionsRandy DavisAlan BakerChad Fincher

Session

Regular Session 2013

Title

Insurance, requiring certain property insurers and surplus producers to report and disclose rate information

Summary

HB161 would require Alabama property insurers to disclose wind/hail and non-wind/non-hail premium details separately to insureds and to file and display rate information, with separate credit-based factors for the two perils.

What This Bill Does

If passed, the bill would require property insurers and surplus producers to show new and renewal policy holders separate wind/hail and non-wind/hail premium details on declarations pages for homeowners, dwelling, and commercial property policies. Starting with 2015 rate filings, proposed rates must be submitted to the Department of Insurance and displayed in the insurer's rate manual. For insurers using credit history to set premiums, rating factors and tiers would have to be filed separately for wind/hail and non-wind/hail, with data to support their predictive value.

Who It Affects

• Property insurers and surplus producers operating in Alabama, who must provide separate premium details, file rates with the Department of Insurance, and separately report credit-based rating factors for two perils.
• Policyholders and insureds (new and renewing) who will receive perils-specific premium details on their declarations pages and see more transparent rate information.

Key Provisions

• Property insurers and surplus producers must provide new and renewal insureds with premium details, separately and combined, on the policy declaration page for wind/hail and non-wind/non-hail coverages on homeowners, dwelling, and commercial property policies.
• Starting with policies effective in 2015, proposed rate filings must be submitted to the Department of Insurance and displayed in the insurer's rate manual.
• Personal property insurers that use the insured's credit history to determine premiums must file credit rating factors separately for wind/hail and non-wind/hail, with factors that reflect the predictability of future losses and include supporting data.
• The act defines the terms wind/hail coverage and non-wind/hail coverage and applies to all personal property insurers and surplus line producers writing policies in Alabama.
• A one-year extension for implementation may be allowed with prior approval by the Department of Insurance for carriers experiencing technology implementation hardship.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Insurance