HB220 Alabama 2020 Session
Bill Summary
Relating to captive insurance companies; to amend Sections 27-31B-2, 27-31B-3, 27-31B-6, and 27-31C-3, Code of Alabama 1975, to revise certain definitions; to authorize insurance to be placed on risks in alien jurisdictions under certain conditions; to revise certain security requirements for the payment of liabilities attributable to branch operations; to revise certain requirements relating to an Alabama Coastal Captive Insurance Company; to provide for the issuance of certificates of dormancy for captive insurance companies that meet certain requirements; to require dormant captive insurance companies to take certain action; to add Section 27-31C-3.1 to the Code of Alabama 1975; and to repeal Section 27-31C-4, Code of Alabama 1975, relating to Alabama Coastal Captive Insurance Companies.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 12, 2020 | S | Pending third reading on day 13 Favorable from Banking and Insurance |
| March 12, 2020 | S | Read for the second time and placed on the calendar |
| February 25, 2020 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
| February 25, 2020 | H | Engrossed |
| February 25, 2020 | H | Motion to Read a Third Time and Pass adopted Roll Call 116 |
| February 25, 2020 | H | Motion to Adopt adopted Roll Call 115 |
| February 25, 2020 | H | Insurance Amendment Offered |
| February 25, 2020 | H | Third Reading Passed |
| February 20, 2020 | H | Read for the second time and placed on the calendar 1 amendment |
| February 11, 2020 | H | Read for the first time and referred to the House of Representatives committee on Insurance |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 11, 2020 | Room 320 **Two Bills Taken off the Agenda** at 14:30 | Senate B&I Hearing |
| Hearing | March 11, 2020 | Room 320 at 14:30 | Senate B&I Hearing |
| Hearing | February 19, 2020 | Room 617 at 10:30 | House INS Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB220 Alabama 2020 Session - Engrossed |
| Bill Text | HB220 Alabama 2020 Session - Introduced |
| Bill Amendments | House Insurance first Amendment Offered |