Hearing
House Insurance Hearing
Room 617 at 10:30:00
SB151 Alabama 2025 Session
Updated Feb 23, 2026
Low Interest
Summary
- Primary Sponsor
Shay ShelnuttSenatorRepublican- Session
- 2025 Regular Session
- Title
- Department of Insurance, internal Code of Alabama 1975 citations corrected
- Summary
SB151 fixes internal cross-references in Alabama's insurable interest and life insurance loan laws so they point to the correct Code sections.
What This Bill DoesThe bill amends Sections 27-14-3 and 27-15-8 to correct internal citations within the insurable interest and life insurance loan provisions. It keeps the current substantive rules about insurable interest (for individuals, corporations, trusts, and charitable organizations) intact. The act becomes effective June 1, 2025.
Who It Affects- Insurance companies and agents, who rely on accurate cross-references for policy drafting, compliance, and interpretations.
- Policyholders and beneficiaries, who rely on clear and consistent insurable interest rules; the changes do not alter rights or obligations, but improve clarity.
Key ProvisionsAI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.- Amends Code Sections 27-14-3 and 27-15-8 to correct internal citations and ensure they refer to the correct portions of the Code of Alabama 1975.
- Preserves the substantive insurable interest provisions for individuals, corporations, trusts, and charitable organizations without adding new rights or requirements.
- Sets the act to take effect on June 1, 2025.
- Subjects
- Insurance
Bill Actions
S
Enacted
S
Enacted
S
Delivered to Governor
H
Signature Requested
H
Signature Requested
S
Enrolled
S
Ready to Enroll
H
Motion to Read a Third Time and Pass - Adopted Roll Call 1120
H
Third Reading in Second House
H
Read for the Second Time and placed on the Calendar
H
Reported Out of Committee Second House
H
Pending House Insurance
H
Read for the first time and referred to the House Committee on Insurance
S
Motion to Read a Third Time and Pass - Adopted Roll Call 296
S
Third Reading in House of Origin
S
Read for the Second Time and placed on the Calendar
S
Reported Out of Committee House of Origin
S
Pending Senate Banking and Insurance
S
Read for the first time and referred to the Senate Committee on Banking and Insurance
Calendar
Hearing
Senate Banking and Insurance Hearing
Finance and Taxation at 09:30:00
Bill Text
Loading PDF...
Votes
Motion to Read a Third Time and Pass - Roll Call 296
Yes
27
Absent
7
Third Reading in House of Origin
Yes
27
Absent
7
SBIR: Passed by House of Origin
Yes
27
Absent
7
Motion to Read a Third Time and Pass - Roll Call 1120
Yes
101
Absent
2
Third Reading in Second House
Yes
100
Absent
3
HBIR: Passed by Second House
Yes
100
Absent
3
Documents
Bill Text (Enrolled)
SB151 Alabama 2025 Session - Enrolled
Bill Text (Introduced)
SB151 Alabama 2025 Session - Introduced
Fiscal Note
Fiscal Note - Introduced
Fiscal Note
Fiscal Note - Passed First Chamber
Fiscal Note
Fiscal Note - Enacted
Source: Alabama Legislature