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HB225 Alabama 2013 Session

Updated Jan 10, 2026
HB225 Alabama 2013 Session
House Bill
Enacted
Current Status
Regular Session 2013
Session
25
Sponsors

Summary

Session
Regular Session 2013
Title
Insurance, out-of-state insurers, investments, cash equivalents exempted from quality and diversity requirements, Sec. 27-41-39 am'd.
Description

Under existing law, the investments of foreign and alien insurers are required to be of a quality and diversity substantially equivalent to the quality and diversity required of domestic insurers.

This bill would provide an exception to the quality and diversity of investments requirement for foreign and alien insurers for cash equivalents.

Subjects
Insurance

Bill Actions

H

Delivered to Governor at 12:20 p.m. on May 7, 2013.

H

Assigned Act No. 2013-197.

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 801

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

Motion to Read a Third Time and Pass adopted Roll Call 336

H

Third Reading Passed

H

Read for the second time and placed on the calendar

H

Read for the first time and referred to the House of Representatives committee on Insurance

Bill Text

Votes

Motion to Read a Third Time and Pass

May 3, 2013 Senate Passed
Yes 25
No 1
Abstained 4
Absent 5

Documents

Source: Alabama Legislature