HR130 Alabama 2015 Session

Summary

Primary Sponsor

David SessionsSenator

Republican

Session

Regular Session 2015

Title

Urging the Alabama Insurance Underwriting Assocation to maintain adequate surplus

Summary

A House resolution urging the AIUA Board to maintain its current surplus to protect policyholders in Mobile and Baldwin Counties.

What This Bill Does

If passed, the bill would formalize a non-binding request for the Alabama Insurance Underwriting Association's Board of Directors to keep its surplus at the current level to protect policyholders. It emphasizes the AIUA's role serving about 32,000 consumers with over $5.6 billion in insured value, especially after hurricanes or significant wind events. It does not create new law or penalties.

Who It Affects

• AIUA Board of Directors and AIUA operations, who would be urged to maintain the current surplus level.
• Policyholders in Mobile and Baldwin Counties who rely on AIUA coverage for protection.

Key Provisions

• Provision 1: The House urges the AIUA Board to maintain its surplus at least at the current amount to adequately protect policyholders in Mobile and Baldwin Counties.
• Provision 2: The resolution is non-binding and serves as a formal expression of the Legislature, not a new statute or requirement.

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

Subjects

Resolutions, Legislative