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.
|February 8, 2018||S||Read for the first time and referred to the Senate committee on Banking and Insurance|
|Hearing||April 12, 2017||Room 727 ** BILL ADDED ** at 09:30||Senate F&TG Hearing|
|Bill Text||SB291 Alabama 2018 Session - Introduced|