Under existing law, an insurance customer may receive a premium discount for meeting certain construction standards designed to make a home resistant to strong winds if the home is certified as meeting the standards adopted by the Institute for Business and Home Safety (IBHS) or other building code requirements. Existing law also requires the insurance customer to submit copies of construction records to insurers to qualify for the premium discount.
This bill would, for those properties certified as meeting the IBHS standards, remove the requirement for customers to submit copies of construction records to insurers to qualify for premium discounts and, for those IBHS certified properties, require instead submission of evidence of certification.
Delivered to Governor at 4:32 p.m. on March 8, 2018.
Assigned Act No. 2018-249 on 03/15/2018.
Enrolled
Signature Requested
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 736
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Banking and Insurance
Motion to Read a Third Time and Pass adopted Roll Call 360
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
Source: Alabama Legislature