Motion to Read a Third Time and Pass
Yes
92
Absent
12
HB199 Alabama 2013 Session
Updated Jul 24, 2021
HB199 Alabama 2013 Session
House Bill
Enacted
Current Status
Regular Session 2013
Session
1
Sponsor
Summary
- Primary Sponsor
-
Mike HillRepublican - Session
- Regular Session 2013
- Title
- Insurance Department, reinsurance, regulation of, model law adopted, Chapter 5B, Title 27 added, Secs. 27-5B-1 to 27-5B-19, inclusive, added; Sec. 27-5-12 repealed
- Description
Under existing law, an insurance company may enter into an insurance contract to insure a risk and the insurance company may reinsure the risk with another insurance company. The Insurance Department generally requires a company to maintain reserves and regulates when an insurance company entering into a reinsurance contract with another insurer may receive credit against its otherwise required reserves.
This bill would make Alabama's law regulating reinsurers and the credit an insurer may apply against its otherwise required reserves substantially similar to the current version of the Credit for Reinsurance Model Law developed by the National Association of Insurance Commissioners.
- Subjects
- Insurance
Bill Actions
H
Delivered to Governor at 12:20 p.m. on May 7, 2013.
H
Assigned Act No. 2013-209.
H
Clerk of the House Certification
S
Signature Requested
H
Enrolled
H
Passed Second House
S
Motion to Read a Third Time and Pass adopted Roll Call 799
S
Third Reading Passed
S
Read for the second time and placed on the calendar
S
Read for the first time and referred to the Senate committee on Banking and Insurance
H
Engrossed
H
Motion to Read a Third Time and Pass adopted Roll Call 652
H
Motion to Adopt adopted Roll Call 651
H
Insurance first Substitute Offered
H
Third Reading Passed
H
Read for the second time and placed on the calendar with 1 substitute and
H
Read for the first time and referred to the House of Representatives committee on Insurance
Bill Text
Votes
Motion to Adopt
Yes
98
Absent
6
Motion to Read a Third Time and Pass
Yes
25
No
1
Abstained
4
Absent
5
Documents
Bill Text (Enrolled)
HB199 Alabama 2013 Session - Enrolled
Bill Text (Engrossed)
HB199 Alabama 2013 Session - Engrossed
Bill Text (Introduced)
HB199 Alabama 2013 Session - Introduced
Source: Alabama Legislature