SB147 Alabama 2015 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Mark Slade Blackwell
Republican
Session: Regular Session 2015
Title: Insurance Department, insurance companies, examinations, filing with Commissioner of Insurance, rebuttals, hearings, confidentiality provisions, Sec. 27-2-24 am'd.
Summary: SB147 updates Alabama's insurance examination rules to align with the NAIC model act, adding clear reporting timelines and strong confidentiality for examination information.
What This Bill Does
It requires an examiner to file a verified report within 60 days after completing an insurance examination. The insurer may submit a rebuttal within 30 days, after which the Commissioner can adopt the report, reject it with directions to reopen the examination, or order an investigatory hearing. It also keeps examination content and related documents confidential for a period, after which the report may be made public with exceptions, and allows sharing of these materials with other regulators, the NAIC, and law enforcement under confidentiality rules.

Who It Affects
Insurers regulated by Alabama's Department of Insurance, who would receive examination reports, have the opportunity to rebut, and be subject to confidentiality rules and possible public disclosure after the waiting period.
The Alabama Department of Insurance (the Commissioner and examiners), the NAIC, other state/federal/international regulators, and law enforcement agencies, who would handle reports, maintain confidentiality, and share information under defined conditions.

Key Provisions
Examination reports must be filed within 60 days of examination completion; insurers can rebut within 30 days; the Commissioner may adopt as filed or with modifications, reject with direction to reopen, or call for an investigatory hearing (with notice).
Examination content, workpapers, and certain related information (including compensation data) are confidential and privileged, not subject to open records laws, and may be shared only with approved regulators, the NAIC, or law enforcement under confidentiality safeguards.

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