Under existing law, the Commissioner of Insurance is authorized to conduct examinations of providers, administrators, insurers, or other persons to enforce the provisions of the service contract law.
This bill would also specify that any person examined by the Commissioner of Insurance in the enforcement of the service contract law would be liable for the expenses of the examination as provided in Section 27-2-25, Code of Alabama 1975.
Under existing law, under the Vehicle Protection Product Act, the Commissioner of Insurance collects certain fees for registering persons operating in this state as a warrantor of vehicle protection products and is authorized to conduct examinations of warrantors, administrators, and other persons to enforce the act.
This bill would specify that the fees collected by the Commissioner of Insurance for registering persons operating in this state as a warrantor of a vehicle protection product would be deposited in the Insurance Department Fund. This bill would also specify that any person examined by the Commissioner of Insurance relating to the Vehicle Protection Product Act would be liable for the expenses of examination as provided in Section 27-2-25, Code of Alabama 1975.
Pending third reading on day 13 Favorable from Banking and Insurance
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
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 109
Motion to Adopt adopted Roll Call 108
Insurance first Substitute Offered
Third Reading Passed
Read for the second time and placed on the calendar with 1 substitute and
Read for the first time and referred to the House of Representatives committee on Insurance
Source: Alabama Legislature