HB608 Alabama 2017 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2017
Title
Insurance, title insurance rating bureau, established, fees, regulation, Secs. 27-13-130, 27-13-131, 27-13-132, 27-13-133, 27-13-134, 27-13-135, 27-13-136 added; Sec. 27-13-2 am'd.
Description
Under existing law, title insurance companies are required to seek prior approval of their rates by the Commissioner of Insurance
This bill would authorize title insurers to form a rating bureau for the purpose of filing rates on behalf of its member insurers
Relating to insurance; to provide for the establishment of a rating bureau for title insurance; and for this purpose to amend Section 27-13-2, Code of Alabama 1975, and to add Sections 27-13-130, 27-13-131, 27-13-132, 27-13-133, 27-13-134, 27-13-135, and 27-13-136 to the Code of Alabama 1975.
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 17, 2017 | H | Read for the first time and referred to the House of Representatives committee on Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB608 Alabama 2017 Session - Introduced |