HB92 Alabama 2015 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Mike Hill
Republican
Session: Regular Session 2015
Title: Insurance Department, licensing, certain fees for licenses increased, appropriation to Insurance Department Fund for Strengthen Alabama Homes Fund for fiscal year 2016, Sec. 27-4-2, 27-8A-9 am'd.
Summary: HB92 increases insurance department fees and licenses and authorizes fund transfers to the Strengthen Alabama Homes Fund for fiscal year 2016.
What This Bill Does
Raises a wide range of fees, licenses, and charges collected by the Commissioner of Insurance, affecting certificates of authority, charter documents, producer licenses, examinations, and various specialty licenses and services. Requires that the collected fees be deposited half to the General Fund and half to the Insurance Department Fund. Allocates $5,000,000 from the Insurance Department Fund to the Department of Insurance for FY2016, with up to $2,500,000 of that amount transferable to the Strengthen Alabama Homes Fund for 2016-2018, and appropriates $2,500,000 from the Strengthen Alabama Homes Fund to the Department of Insurance for FY2016. Effective date of January 1, 2016.

Who It Affects
Individuals and business entities that apply for or hold insurance licenses (such as producers, adjusters, surplus line brokers, service representatives, and others) will see increased fees and new or higher charges.
State finances and established funds (General Fund, Insurance Department Fund, and Strengthen Alabama Homes Fund) will be affected by new fee allocations and the specified appropriations and transfers.

Key Provisions
Section 1: Amends Sections 27-4-2 and 27-8A-9 to increase various fees and charges for insurance-related licenses, applications, renewals, examinations, and related services; proceeds split 50% to the General Fund and 50% to the Insurance Department Fund.
Section 2: Appropriates $5,000,000 from the Insurance Department Fund to the Department of Insurance for FY2016; allows up to $2,500,000 of this appropriation to be transferred to the Strengthen Alabama Homes Fund for FY2016-2018.
Section 3: Appropriates $2,500,000 from the Strengthen Alabama Homes Fund to the Department of Insurance for FY2016.
Section 4: Effective January 1, 2016.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Insurance