SB291 Alabama 2018 Session
In Committee
Contents
[Hide]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 |