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Bill > HB419
AL HB419
AL HB419Insurance, 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
02/10/2026
02/10/2026
In Committee
02/10/2026
02/10/2026
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 amends Alabama law to redirect service contract provider registration fees from the "Service Contract Revolving Fund" to the "Special Examination Revolving Fund," meaning that the money collected from companies that offer service contracts (like extended warranties) will now go into a different state fund used for examinations. This change is intended to streamline how these fees are managed and utilized for regulatory purposes. Additionally, any remaining money in the Service Contract Revolving Fund as of October 1, 2026, will be transferred to the Special Examination Revolving Fund, and the bill also makes conforming changes to other sections of the law to reflect this shift in fund designation, with the entire act taking effect on October 1, 2026.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Pending House Insurance (on 02/10/2026)
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 |
| BillText | https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB419-int.pdf |
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