HB188 Alabama 2021 Session

Updated Feb 22, 2026

Summary

Primary Sponsor: Chip BrownRepresentative
Republican
Co-Sponsors: Matt Simpson Shane Stringer
Session: Regular Session 2021
Title: Department of Insurance, transfer of certain funds from Insurance Dept. Fund to Strengthen Alabama Homes Fund by Commissioner of Insurance authorized
Summary: HB188 would move some money from the Insurance Department Fund to the Strengthen Alabama Homes Fund, including a one-time transfer in 2021 and ongoing transfers up to half of the annual appropriation.
What This Bill Does
The bill changes where money from the Insurance Department Fund can go. It requires a one-time transfer to the Strengthen Alabama Homes Fund of any amount in the Insurance Department Fund on September 30, 2021 that exceeds 25% of the FY 2021 appropriation. It also allows the Commissioner of Insurance to transfer up to 50% of the Insurance Department Fund’s annual appropriation to the Strengthen Alabama Homes Fund each year, instead of sending funds to the General Fund.

Who It Affects
State General Fund: would receive fewer transfers from the Insurance Department Fund because excess amounts are redirected to the Strengthen Alabama Homes Fund.
Strengthen Alabama Homes Fund: would receive additional funds from the Insurance Department Fund, including a one-time amount in 2021 and up to 50% of each year's appropriation going forward.

Key Provisions
Section 1: Directs the Commissioner of Insurance to transfer from the Insurance Department Fund to the Strengthen Alabama Homes Fund any amount remaining on September 30, 2021 that exceeds 25% of the FY 2021 Insurance Department Fund appropriation.
Section 2: Authorizes the Commissioner of Insurance to transfer from the Insurance Department Fund to the Strengthen Alabama Homes Fund up to 50% of the Insurance Department Fund appropriation for each fiscal year.
Section 3: States the act becomes effective immediately after passage and governor's approval.

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