SB26 Alabama 2021 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2021
Title
Insurance, to provide for opinion of appointed actuary, to permit an insurer to apply for an exception for annual actuarial opinion requirement, Sec. 27-3-26.1 am'd.
Description
<p class="bill_description"> Under existing law, property and casualty
insurers are required to annually file a statement
of a qualified independent loss reserve specialist
setting forth an opinion relating to loss and loss
adjustment expense reserves</p><p class="bill_description">
This bill would provide for an opinion of an
appointed actuary and authorize insurers to allow
for an exception from the requirement to annually
file an actuarial opinion based on exemptions set
forth in the annual statement instructions provided
by the National Association of Insurance
Commissioners</p><p class="bill_entitled_an_act"> Relating to insurance, to amend Section 27-3-26.1,
Code of Alabama 1975; to provide for an opinion of an
appointed actuary; and to permit an insurer to apply for an
exception to the requirement for property and casualty
insurers to annually file an actuarial opinion based on
exemptions set forth in the annual statement instructions
provided by the National Association of Insurance
Commissioners.
</p>
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 1, 2021 | S | Assigned Act No. 2021-172. |
| April 1, 2021 | S | Enrolled |
| April 1, 2021 | H | Signature Requested |
| April 1, 2021 | S | Passed Second House |
| April 1, 2021 | H | Motion to Read a Third Time and Pass adopted Roll Call 581 |
| April 1, 2021 | H | Third Reading Passed |
| February 23, 2021 | H | Read for the second time and placed on the calendar |
| February 11, 2021 | H | Read for the first time and referred to the House of Representatives committee on Insurance |
| February 11, 2021 | S | Engrossed |
| February 11, 2021 | S | Motion to Read a Third Time and Pass adopted Roll Call 165 |
| February 11, 2021 | S | Shelnutt motion to Adopt adopted Roll Call 164 |
| February 11, 2021 | S | Banking and Insurance Amendment Offered |
| February 11, 2021 | S | Third Reading Passed |
| February 10, 2021 | S | Read for the second time and placed on the calendar 1 amendment |
| February 2, 2021 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 23, 2021 | Room 617 at 11:30 | House INS Hearing |
| Hearing | February 10, 2021 | Room 325 **Added a bill** at 13:00 | Senate B&I Hearing |
| Hearing | February 10, 2021 | Room 325 at 13:00 | Senate B&I Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB26 Alabama 2021 Session - Introduced |
| Bill Text | SB26 Alabama 2021 Session - Engrossed |
| Bill Text | SB26 Alabama 2021 Session - Enrolled |
| Bill Amendments | Senate Banking and Insurance first Amendment Offered |
| Fiscal Note | Fiscal Note - SB26 for Banking and Insurance |
| Fiscal Note | Fiscal Note - SB26 for Banking and Insurance |
| Fiscal Note | Fiscal Note - SB26 for Insurance |