Under existing law, a licensed motor vehicle rental company may authorize an employee to act on behalf of the company with regard to insurance coverage offered.
This bill would specify that a licensed motor vehicle rental company may authorize and pay compensation to an employee or authorized representative of the company to offer or sell insurance coverage without the employee or authorized representative being individually licensed to sell insurance.
This bill would also provide that an employee or representative of the motor vehicle rental company may not be compensated based primarily on the number of customers who elect to purchase insurance coverage, but may receive compensation incidental to his or her overall compensation.
Delivered to Governor at 1:52 p.m. on May 5, 2015.
Assigned Act No. 2015-155.
Clerk of the House Certification
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 709
Third Reading Passed
Read for the second time and placed on the calendar
Allen motion to Rerefer a Bill adopted Voice Vote
Read for the second time and rereferred to committee Banking and Insurance
Read for the first time and referred to the Senate committee on Transportation and Energy
Motion to Read a Third Time and Pass adopted Roll Call 372
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Insurance
Source: Alabama Legislature