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.
Assigned Act No. 2016-396.
Enrolled
Signature Requested
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 846
Hammon motion to Previous Question adopted Roll Call 845
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Insurance
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 823
Hightower motion to Adopt Banking and Insurance Amendment adopted Roll Call 822
Reed motion to Carry Over Call of the Chair adopted Voice Vote
Banking and Insurance Amendment Offered
Third Reading Passed
Reported from Banking and Insurance as Favorable with 1 amendment
Read for the first time and referred to the Senate committee on Banking and Insurance
Source: Alabama Legislature