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Bill > SB219
AL SB219
AL SB219Insurance, to provide that service contract provider registration fees be paid into the Special Examination Revolving Fund instead of the Service Contract Revolving Fund
summary
Introduced
01/29/2026
01/29/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Insurance, to provide that service contract provider registration fees be paid into the Special Examination Revolving Fund instead of the Service Contract Revolving Fund
AI Summary
This bill, effective October 1, 2026, amends existing Alabama law to redirect the annual registration fees paid by providers of service contracts (contracts that cover the repair or maintenance of a product, often purchased separately from the product itself) from the "Service Contract Revolving Fund" to the "Special Examination Revolving Fund." This change means that the money collected from these fees will now be used to support the examination and supervision of providers, rather than being held in a separate fund specifically for service contract administration. Additionally, any remaining funds in the Service Contract Revolving Fund as of October 1, 2026, will be transferred to the Special Examination Revolving Fund, and conforming changes are made to other sections of the law to reflect this shift in fund designation.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Read for the Second Time and placed on the Calendar (on 02/05/2026)
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 |
| Fiscal Note - Introduced | https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/FiscalNotes/FN-V7R7JPL-1.pdf |
| BillText | https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/SB219-int.pdf |
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