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.
|May 17, 2017||H||Read for the first time and referred to the House of Representatives committee on Insurance|
|Bill Text||HB608 Alabama 2017 Session - Introduced|