SB55 Alabama 2020 Session

Updated Feb 26, 2026

Notable

Summary

Primary Sponsor: Shay ShelnuttSenator
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: SB 55 requires examined parties to pay the costs of examinations by the Insurance Commissioner and directs vehicle protection product fees into the Insurance Department Fund.
What This Bill Does
It specifies that any person examined by the Commissioner in enforcing the service contract law is liable for the expenses of the examination as provided in Section 27-2-25. It requires that fees collected for registering warrantors of vehicle protection products be deposited into the Insurance Department Fund. It also specifies that any person examined relating to the Vehicle Protection Product Act would be liable for the expenses of examination as provided in Section 27-2-25.

Who It Affects
Providers, administrators, insurers, or other persons examined by the Commissioner under the service contract law, who would be liable for examination expenses.
Warrantors of vehicle protection products and related operators, whose registration fees would go into the Insurance Department Fund and who may be examined under the Vehicle Protection Product Act (and thus liable for examination expenses).

Key Provisions
Adds 8-33-14 to require all fees collected under the Vehicle Protection Product Act to be paid into the Insurance Department Fund for enforcement of that chapter.
Specifies that each person examined by the Commissioner in enforcing the service contract law or the Vehicle Protection Product Act shall be liable to pay the expenses of the examination as provided in Section 27-2-25.
Effective immediately after passage and approval by the Governor.

AI-generated summary using openai/gpt-5-nano on Feb 23, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Insurance Department