SB413 Alabama 2014 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2014
Title
Bail bond surety insurers, regulation by Insurance Department, amount of unearned premium reserve specific required, Sec. 27-36-3.1 added
Description
Under existing law, all surety insurers are required to post an unearned premium reserve in the same manner as property and general casualty insurers
This bill would provide a specific unearned premium reserve for bail bond surety insurers as an alternative to the general requirements for other surety insurers
Relating to insurance; to provide for the unearned premium reserve for bail bond surety insurers; and for this purpose to add Section 27-36-3.1 to the Code of Alabama 1975.
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 1, 2014 | S | Indefinitely Postponed |
| March 13, 2014 | S | Read for the second time and placed on the calendar |
| February 26, 2014 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB413 Alabama 2014 Session - Introduced |