SB328 Alabama 2013 Session
Summary
- Primary Sponsor
-
Mark Slade BlackwellRepublican - 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
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.
This bill would provide that such a rate filing for private personal automobile insurance may take effect the date it is filed.
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.
- Subjects
- Insurance
Bill Actions
Pending third reading on day 18 Favorable from Banking and Insurance with 1 amendment
Indefinitely Postponed
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the Senate committee on Banking and Insurance
Bill Text
Documents
Source: Alabama Legislature