HB477 Alabama 2014 Session
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Bill Summary
Sponsors
Session
Regular Session 2014
Title
Bail bond surety insurers, regulation by Insurance Department, amount of unearned premium reserve specific required, Sec. 27-36-3.1 added
Description
Under existing law, all surety insurers are required to post an unearned premium reserve in the same manner as property and general casualty insurers
This bill would provide a specific unearned premium reserve for bail bond surety insurers as an alternative to the general requirements for other surety insurers
Relating to insurance; to provide for the unearned premium reserve for bail bond surety insurers; and for this purpose to add Section 27-36-3.1 to the Code of Alabama 1975.
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 13, 2014 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
| March 13, 2014 | H | Motion to Read a Third Time and Pass adopted Roll Call 782 |
| March 13, 2014 | H | Third Reading Passed |
| February 20, 2014 | H | Read for the second time and placed on the calendar |
| February 13, 2014 | 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 | HB477 Alabama 2014 Session - Introduced |