HB373 Alabama 2023 Session

Summary

Primary Sponsor

Chris Pringle Representative

Republican

Session

Regular Session 2023

Title

Relating to insurance; to limit the number of times an insurer may apply a separate deductible to a homeowner's or a commercial property owner's named storm or hurricane insurance policy.

Description

Under existing law there is no limit to the number of times that an insurer may apply a separate deductible to a homeowner's or commercial property owner's named storm or hurricane insurance policy.

This bill would limit an insurer's ability to apply a separate deductible for a named storm or hurricane insurance policy to one time per hurricane season.

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Subjects

Insurance, homeowners and commercial property insurance deductibles, limits number of required separate deductibles.