SB69 Alabama 2021 Session

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Bill Summary

Sponsors

Session

Regular Session 2021

Title

Insurance, flood insurance, exempt from rate filing and approval requirement, Sec. 27-13-21 am'd.

Description

Under existing law, property insurers are generally required to file all rates for approval by the Commissioner of Insurance, with certain exceptions

This bill would exempt flood insurance from the requirement for insurers to file rates for approval by the Commissioner of Insurance

Relating to insurance, to amend Section 27-13-21, Code of Alabama 1975; to exempt flood insurance from the rate filing and approval requirement.

Subjects

Insurance

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	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 208
February 11, 2021	S	Third Reading Passed
February 10, 2021	S	Read for the second time and placed on the calendar
February 2, 2021	S	Read for the first time and referred to the Senate committee on Banking and Insurance

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