SB353 Alabama 2016 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2016
Title
Insurance premium finance companies, wind mitigation construction, authorized to finance, approval by Insurance Commissioner, Secs. 27-40-1, 27-40-8 am'd.
Description
Under existing law, insurance premium finance companies finance insurance premiums
This bill would authorize insurance premium finance companies to also provide financing for the charges for wind mitigation construction subject to approval by the Commissioner of Insurance
Relating to insurance premium finance companies; to amend Sections 27-40-1 and 27-40-8 of the Code of Alabama 1975, to authorize the companies to provide wind mitigation construction financing, subject to approval by the Commissioner of Insurance.
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 4, 2016 | S | Assigned Act No. 2016-396. |
| May 4, 2016 | S | Enrolled |
| May 4, 2016 | H | Signature Requested |
| May 4, 2016 | S | Passed Second House |
| May 4, 2016 | H | Motion to Read a Third Time and Pass adopted Roll Call 846 |
| May 4, 2016 | H | Hammon motion to Previous Question adopted Roll Call 845 |
| May 4, 2016 | H | Third Reading Passed |
| April 28, 2016 | H | Read for the second time and placed on the calendar |
| April 26, 2016 | H | Read for the first time and referred to the House of Representatives committee on Insurance |
| April 26, 2016 | S | Engrossed |
| April 26, 2016 | S | Motion to Read a Third Time and Pass adopted Roll Call 823 |
| April 26, 2016 | S | Hightower motion to Adopt Banking and Insurance Amendment adopted Roll Call 822 |
| April 26, 2016 | S | Reed motion to Carry Over Call of the Chair adopted Voice Vote |
| April 26, 2016 | S | Banking and Insurance Amendment Offered |
| April 26, 2016 | S | Third Reading Passed |
| April 7, 2016 | S | Reported from Banking and Insurance as Favorable with 1 amendment |
| March 15, 2016 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 28, 2016 | Room 410 at 09:00 | House INS Hearing |
| Hearing | April 28, 2016 | Room 410 at 00:00 | House INS Hearing |
| Hearing | April 6, 2016 | Room 320 **REVISION #2 - BILL ADDED** at 11:30 | Senate B&I Hearing |
| Hearing | April 6, 2016 | Room 320 **REVISION #1 - PH ADDED** at 11:30 | Senate B&I Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB353 Alabama 2016 Session - Introduced |