HB68 Alabama 2020 Session

Summary

Primary Sponsor

Kerry Rich

Republican

Session

Regular Session 2020

Title

Insurance Dept., service contract law, expenses related to examination by Commissioner of Insurance, Vehicle Protection Products Act, fees deposited in Insurance Dept. Fund, expense related to exam by commissioner, Secs. 8-32-13, 8-32-14 added.

Summary

HB 68 changes how money is handled under the Vehicle Protection Product Act by directing fees to the Insurance Department Fund and charging examination costs to the examined parties.

What This Bill Does

If enacted, the bill adds a new section that requires all fees collected under the Vehicle Protection Product Act to be paid into the Insurance Department Fund. It also requires that any person examined by the Insurance Commissioner for enforcement of the Act pay the expenses of the examination, per existing cost rules. This clarifies funding and who pays examination costs for enforcement actions.

Who It Affects

• Persons operating as warrantors of vehicle protection products (and other entities under the Act) — their collected fees would go into the Insurance Department Fund.
• Individuals or entities examined by the Insurance Commissioner for enforcement of the Vehicle Protection Product Act — they would be responsible for paying the examination expenses.

Key Provisions

• Fees collected under the Vehicle Protection Product Act must be deposited into the Insurance Department Fund.
• Anyone examined by the Commissioner in enforcing the Vehicle Protection Product Act is liable to pay the examination expenses as provided in Section 27-2-25.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Insurance Department