SB26 Alabama 2021 Session

Updated Jun 27, 2021

SB26 Alabama 2021 Session

Senate Bill

Enacted

Current Status

Regular Session 2021

Session

1

Sponsor

Summary

Primary Sponsor: Shay Shelnutt Senator
Republican
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: 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.
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.
Subjects: Insurance

Bill Actions

Assigned Act No. 2021-172.

Enrolled

Signature Requested

Passed Second House

Motion to Read a Third Time and Pass adopted Roll Call 581

Third Reading Passed

Read for the second time and placed on the calendar

Read for the first time and referred to the House of Representatives committee on Insurance

Engrossed

Motion to Read a Third Time and Pass adopted Roll Call 165

Shelnutt motion to Adopt adopted Roll Call 164

Banking and Insurance Amendment Offered

Third Reading Passed

Read for the second time and placed on the calendar 1 amendment

Read for the first time and referred to the Senate committee on Banking and Insurance

Bill Text

Download Enrolled PDF

Votes

Yes 27

Absent 8

Yes 27

Absent 8

Yes 27

Absent 8

Yes 94

Abstained 3

Absent 6

Yes 96

Abstained 1

Absent 6

Documents

Bill Text (Enrolled) SB26 Alabama 2021 Session - Enrolled

Bill Text (Engrossed) SB26 Alabama 2021 Session - Engrossed

Bill Text (Introduced) SB26 Alabama 2021 Session - Introduced

Source: Alabama Legislature