Bill > HB424

This bill establishes a new Office of Risk and Resilience within the Department of Insurance to develop and implement strategies for managing risks and promoting a stable insurance market in Alabama, with the Commissioner of Insurance authorized to hire staff, including one exempt employee. Additionally, the bill moves the Strengthen Alabama Homes Program, which provides grants to retrofit insurable properties against windstorm damage, under the purview of this new office, and clarifies that the program can also fund nonprofit entities for similar retrofitting projects, with all mitigation efforts requiring local permits and inspections, and the department empowered to adopt necessary rules and eligibility requirements for grant administration.

Business and Industry

https://alison.legislature.state.al.us/bill-search