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.

Description

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.

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Subjects

Insurance Department