SB291 Alabama 2018 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2018
Title
Insurance, title insurers authorized to form rating bureau for purposes of filing rates on behalf of members, Secs. 27-13-140 to 27-13-146, inclusive, 27-25-6.1 added; Secs. 27-13-2, 27-25-6 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 that purpose to add a new Article 6, commencing with Section 27-13-140, to Chapter 13, Title 27, Code of Alabama 1975; to amend Sections 27-13-2 and 27-25-6, Code of Alabama 1975; and to add Section 27-25-6.1 to the Code of Alabama 1975.
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 8, 2018 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 12, 2017 | Room 727 ** BILL ADDED ** at 09:30 | Senate F&TG Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB291 Alabama 2018 Session - Introduced |