HB458 Alabama 2013 Session
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Bill Summary
Sponsors
Session
Regular Session 2013
Title
Insurance rate increase by personal line insurer, may take effect immediately unless objected to by the Commissioner of Insurance
Description
<p class="bill_description"> Under existing law, a rate filing made by an
insurer of personal lines insurance written on
risks in this state that provides for an overall
statewide rate increase or decrease takes effect
upon approval by the Commissioner of Insurance</p><p class="bill_description">
This bill would provide that such a rate
filing for private personal automobile insurance
may take effect the date it is filed</p><p class="bill_description">
This bill would provide that a filing
submitted pursuant to this act shall be considered
in compliance with state law unless the
Commissioner of the Department Insurance
determines that the filing is unreasonably high,
inadequate, or unfairly discriminatory</p><p class="bill_entitled_an_act"> Relating to the Department of Insurance; to provide
that a rate filing made by an insurer of private personal
automobile insurance written on risks in this state who is
authorized to do business in this state that provides for an
overall statewide rate increase or decrease of no more than 15
percent in the aggregate for all coverages may take effect the
date it is filed; and to provide that a filing submitted
pursuant to this act shall be considered in compliance with
state law unless the Commissioner of the Department of
Insurance determines that the filing is unreasonably high,
inadequate, or unfairly discriminatory.
</p>
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 2, 2013 | S | Pending third reading on day 28 Favorable from Banking and Insurance |
| May 2, 2013 | S | Read for the second time and placed on the calendar |
| April 30, 2013 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
| April 25, 2013 | H | Engrossed |
| April 25, 2013 | H | Motion to Read a Third Time and Pass adopted Roll Call 972 |
| April 25, 2013 | H | Motion to Adopt adopted Roll Call 971 |
| April 25, 2013 | H | Wren Amendment Offered |
| April 25, 2013 | H | Third Reading Passed |
| April 4, 2013 | H | Read for the second time and placed on the calendar |
| March 20, 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 | HB458 Alabama 2013 Session - Introduced |
| Bill Text | HB458 Alabama 2013 Session - Engrossed |