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Bill > SB47
AL SB47
AL SB47Insurance; motor vehicles; assigned risk plan, department of insurance to issue motor vehicle liability insurance policies; liability waived for the department, its officers and employees, the state.
summary
Introduced
02/06/2024
02/06/2024
In Committee
03/06/2024
03/06/2024
Crossed Over
Passed
03/19/2024
03/19/2024
Dead
Signed/Enacted/Adopted
04/04/2024
04/04/2024
Introduced Session
Regular Session 2024
Bill Summary
Insurance; motor vehicles; assigned risk plan, department of insurance to issue motor vehicle liability insurance policies; liability waived for the department, its officers and employees, the state.
AI Summary
This bill amends Section 32-7-35 of the Code of Alabama 1975 to require the Commissioner of Insurance to approve a reasonable plan, known as the Alabama Automobile Insurance Plan, for the equitable apportionment of costs among insurance companies for motor vehicle liability policy applicants who are unable to procure such policies through ordinary methods. The bill authorizes the governing committee of the plan to issue policies and provide policyholder and claims services, and it allows appeals of the governing committee's decisions to the Commissioner of Insurance. The bill also includes provisions related to financial reporting and regulations. The bill becomes effective on October 1, 2024.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Enacted (on 04/04/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://alison.legislature.state.al.us/bill-search |
| BillText | https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2024RS/SB47-enr.pdf |
| BillText | https://www.legislature.state.al.us/pdf/SearchableInstruments/2024RS/SB47-enr.pdf |
| Fiscal Note - As Passed First Chamber | https://www.legislature.state.al.us/pdf/SearchableInstruments/2024RS/FiscalNotes/FN-QPZY541-2.pdf |
| Fiscal Note - As Introduced | https://www.legislature.state.al.us/pdf/SearchableInstruments/2024RS/FiscalNotes/FN-QPZY541-1.pdf |
| BillText | https://www.legislature.state.al.us/pdf/SearchableInstruments/2024RS/SB47-int.pdf |
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