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HB477 Alabama 2014 Session

Updated Jul 24, 2021

Summary

Primary Sponsor
Mike Hill
Mike Hill
Republican
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.

Subjects
Insurance

Bill Actions

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 782

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

Download Introduced PDF

Votes

Motion to Read a Third Time and Pass

March 13, 2014 House Passed
Yes 95
No 1
Abstained 1
Absent 7

Documents

Bill Text (Introduced) HB477 Alabama 2014 Session - Introduced

Source: Alabama Legislature