HB33 Alabama 2021 Session

Summary

Primary Sponsor

Kerry Rich

Republican

Co-Sponsor

Corley Ellis

Session

Regular Session 2021

Title

Insurance Dept., expenses related to examination by Commissioner of Insurance, Vehicle Protection Products Act, fees deposited in Insurance Dept. Fund, expense related to exam by commissioner, Sec. 8-33-14 added.

Summary

HB33 would direct Vehicle Protection Product Act fees into the Insurance Department Fund and require examinees to pay the costs of their examinations.

What This Bill Does

The bill adds a new section (8-33-14) requiring all fees collected under the Vehicle Protection Product Act to be paid into the Insurance Department Fund. It also states that any person examined by the Commissioner in enforcing the Act would be responsible for paying the expenses of the examination, per existing Section 27-2-25. The act would take effect immediately after the Governor approves it.

Who It Affects

• Warrantors and other entities registered to operate as warrantors of vehicle protection products in Alabama, whose registration fees would be deposited into the Insurance Department Fund.
• Persons examined by the Commissioner of Insurance under the Vehicle Protection Product Act (including warrantors, administrators, and related parties), who would be liable for the expenses of their examination.

Key Provisions

• All fees collected pursuant to the Vehicle Protection Product Act shall be paid into the Insurance Department Fund for enforcement of this chapter.
• Each person being examined by the commissioner in the enforcement of the Vehicle Protection Product Act shall pay the expenses of the examination as provided in Section 27-2-25.
• Section 8-33-14 is added to implement these changes, with the act becoming effective immediately following its passage and approval by the Governor.

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