HB141 Alabama 2024 Session

Summary

Primary Sponsor

Corley Ellis Representative

Republican

Session

Regular Session 2024

Title

Insurance; motor vehicles; assigned risk plan, department of insurance to issue motor vehicle liability insurance policies; liability waived for the dept, its officers and employees, the state.

Description

Under existing law, the Commissioner of Insurance is authorized to approve an assigned risk plan for the equitable distribution of the costs incurred in providing motor vehicle insurance to those unable to obtain insurance through ordinary methods.

This bill would establish the Alabama Automobile Insurance Plan and provide for the Commissioner of Insurance to approve the plan.

This bill would provide that the plan shall be administered by a governing committee comprised of members approved by the commissioner. The governing committee may authorize certain service providers to issue motor vehicle liability polices to certain applicants in the name of the plan.

This bill would also provide that any assigned risk policy issued under the plan adopted by the commissioner shall not create any liability to the Department of Insurance, or any of its officers or employees, or the state.

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Subjects

Insurance