SB341 Alabama 2013 Session

Summary

Primary Sponsor

Rodger SmithermanSenator

Democrat

Session

Regular Session 2013

Title

Insurance, Title 27, certain sections, repealed

Summary

SB341 repeals several sections of Alabama's Title 27 Insurance Code (27-2B-10 through 27-3-2) that govern exemptions, RBC reporting, liability protections, notices, and certificate of authority.

What This Bill Does

If passed, the bill would remove the listed sections from law, eliminating the commissioner’s exemption authority for small domestic insurers, foreign insurers’ RBC reporting requirements and plans, liability protections for the department and its staff, notice timing rules, and the basic certificate of authority framework. This would leave those regulatory areas to be governed by other laws. In short, the specific regulatory tools and protections in these sections would no longer apply.

Who It Affects

• Domestic property and casualty insurers (especially small direct writers) would lose the exemption from this chapter and become subject to the broader regulatory framework in Title 27.
• Foreign insurers and the Alabama Department of Insurance/Commissioner would lose the RBC reporting and plan requirements, certain regulatory actions, liability protections, and related rules, altering how they are regulated in Alabama.

Key Provisions

• Repeals 27-2B-10, removing the commissioner’s ability to exempt certain domestic insurers and related regulatory flexibilities.
• Repeals 27-2B-11, eliminating RBC report and RBC plan submission requirements for foreign insurers.
• Repeals 27-2B-12, removing liability protections for the commissioner and Department of Insurance for actions taken under the repealed chapter.
• Repeals 27-2B-13, abolishing the notice timing requirements for insurer notices that could lead to regulatory action.
• Repeals 27-2B-14, ending the 1996-specific RBC rule provisions for life and property/casualty insurers.
• Repeals 27-3-1 and 27-3-2, removing the certificate of authority requirements and associated exemptions.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Insurance