HB192 Alabama 2013 Session
Bill Summary
Under existing law, certain insurers are required to search the death master file and notify the State Treasurer of any unclaimed life insurance benefits or unclaimed retained asset accounts, plus interest, to the State Treasurer.
This bill would provide that the requirement that certain insurers search the death master file shall apply only to life insurance policies, annuity contracts, and retained asset accounts issued and delivered in this state and which are issued or entered into on or after January 1, 2016.
This bill would require each insurer who has in-force life insurance policies, annuity contracts, and retained asset accounts to compare those items against a death master file to identify potential death master file matches of its insureds commencing by July 1, 2016, and completed by January 1, 2019.
Relating to insurance; to amend Sections 2 and 4 of Act 2012-424 of the 2012 Regular Session, now appearing as Sections 27-15-51 and 27-15-53 of the Code of Alabama 1975; to provide that the requirement that certain insurers search the death master file shall apply only to life insurance policies, annuity contracts, and retained asset accounts issued and delivered in this state and which are issued or entered into on or after January 1, 2016, and to require each insurer who has in-force life insurance policies, annuity contracts, and retained asset accounts to compare those items against a death master file, to identify potential death master file matches of its insureds commencing by July 1, 2016, and completed by January 1, 2019.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 7, 2013 | H | Delivered to Governor at 12:20 p.m. on May 7, 2013. |
| May 7, 2013 | H | Assigned Act No. 2013-195. |
| May 7, 2013 | H | Clerk of the House Certification |
| May 7, 2013 | S | Signature Requested |
| May 2, 2013 | H | Enrolled |
| May 2, 2013 | H | Passed Second House |
| May 2, 2013 | S | Motion to Read a Third Time and Pass adopted Roll Call 797 |
| May 2, 2013 | S | Third Reading Passed |
| April 24, 2013 | S | Read for the second time and placed on the calendar |
| April 18, 2013 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
| April 18, 2013 | H | Engrossed |
| April 18, 2013 | H | Motion to Read a Third Time and Pass adopted Roll Call 620 |
| April 18, 2013 | H | Motion to Adopt adopted Roll Call 619 |
| April 18, 2013 | H | Insurance Amendment Offered |
| April 18, 2013 | H | Third Reading Passed |
| February 28, 2013 | H | Read for the second time and placed on the calendar 1 amendment |
| February 7, 2013 | H | Read for the first time and referred to the House of Representatives committee on Insurance |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB192 Alabama 2013 Session - Enrolled |
| Bill Text | HB192 Alabama 2013 Session - Engrossed |
| Bill Text | HB192 Alabama 2013 Session - Introduced |
Source: Alabama Legislature