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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2021 Alabama Legislative Regular Session
  5. 2021 Alabama Senate Bills
  6. SB26 Alabama 2021 Session

SB26 Alabama 2021 Session

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Contents hide
  • 1 Bill Summary
  • 2 Bill Actions
  • 3 Bill Calendar
  • 4 Bill Text
  • 5 Bill Votes
  • 6 Bill Documents

Bill Summary

Sponsors
  • Shay Shelnutt
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

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.

Subjects
Insurance

Bill Actions

Action Date Chamber Action
February 23, 2021 H Pending third reading on day 8 Favorable from Insurance
February 23, 2021 H Read for the second time and placed on the calendar
February 11, 2021 S Engrossed
February 11, 2021 H Read for the first time and referred to the House of Representatives committee on Insurance
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

Download SB26 Alabama 2021 Session PDF

Bill Votes

Motion to Read a Third Time and Pass Roll Call 165
2021-02-11
Chamber: Senate
Result: Passed
Shelnutt motion to Adopt Roll Call 164
2021-02-11
Chamber: Senate
Result: Passed
SBIR: Shelnutt motion to Adopt Roll Call 163
2021-02-11
Chamber: Senate
Result: Passed

Bill Documents

Type Link
Bill Text SB26 Alabama 2021 Session - Engrossed
Bill Text SB26 Alabama 2021 Session - Introduced
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
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