SB149 Alabama 2015 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2015
Title
Bail bond surety insurers, regulation by Insurance Department, amount of unearned premium reserve specific required, Sec. 27-36-3.1 added
Description
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> 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.
</p>
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 5, 2015 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB149 Alabama 2015 Session - Introduced |