SB149 Alabama 2015 Session

Updated Jul 24, 2021

Summary

Primary Sponsor: Mark Slade Blackwell
Republican
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: 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

Read for the first time and referred to the Senate committee on Banking and Insurance