Motion to Read a Third Time and Pass Roll Call 272
Yes
31
Absent
2
SB136 Alabama 2021 Session
Updated May 13, 2021
SB136 Alabama 2021 Session
Senate Bill
Enacted
Current Status
Regular Session 2021
Session
1
Sponsor
Summary
- Primary Sponsor
-
Shay Shelnutt SenatorRepublican - Session
- Regular Session 2021
- Title
- Insurance Department, Commissioner, Standard Valuation Law, small company alternative valuation, condition for revised, Sec. 27-36A-20 am'd.
- Description
Under existing law, the Standard Valuation Law requires the Commissioner of Insurance to annually value the reserves for outstanding life insurance policies and annuity and endowment contracts of life insurance companies doing business in this state. The law provides for an alternative valuation for small companies that meet certain conditions, including certain dollar figures of premiums.
This bill would revise the conditions for the Commissioner of Insurance to use the small company alternative valuation provisions for the valuation of the reserves of certain small companies meeting certain requirements.
- Subjects
- Insurance Department
Bill Text
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Votes
SBIR: Shelnutt motion to Adopt Roll Call 271
Yes
31
Absent
2
HBIR: Rich motion to Adopt Roll Call 1070
Yes
97
Abstained
1
Absent
5
Motion to Read a Third Time and Pass Roll Call 1071
Yes
97
Abstained
1
Absent
5
HBIR: Rich motion to Adopt Roll Call 1072
Yes
96
Absent
7
Motion to Read a Third Time and Pass Roll Call 1073
Yes
100
Absent
3
Documents
Bill Text (Enrolled)
SB136 Alabama 2021 Session - Enrolled
Bill Text (Introduced)
SB136 Alabama 2021 Session - Introduced
Source: Alabama Legislature