SB37 Alabama 2022 Session
Bill Summary
This bill would require the Commissioner of Insurance to establish the Center for Risk and Insurance Research connected with a state university to carry out research, education, and outreach regarding risk management and insurance issues
Under existing law, the Commissioner of Insurance collects certain fees and miscellaneous charges for various purposes
This bill would credit five percent of various fees, licenses, and taxes collected by the Commissioner of Insurance to a new fund to be known as the Center for Risk and Insurance Research Fund to be used to fund the center
This bill would also make technical changes to the Insurance Department Fund to conform with existing law
Relating to insurance; to require the Commissioner of Insurance to establish and support the Center for Risk and Insurance Research connected with a state university to carry out research, education, and outreach regarding risk management and insurance issues; to create a fund in the State Treasury to be known as the Center for Risk and Insurance Research Fund to be used to fund the center; to amend Section 27-2-39, Code of Alabama 1975, to credit a portion of certain fees, licenses, and taxes collected by the Commissioner of Insurance to the fund; and to make technical changes to Section 27-2-39, Code of Alabama 1975, to conform with existing law.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 6, 2022 | S | Indefinitely Postponed |
| February 23, 2022 | S | Finance and Taxation General Fund first Amendment Offered |
| February 23, 2022 | S | Read for the second time and placed on the calendar 1 amendment |
| February 2, 2022 | S | Rereferred to Committee on Finance and Taxation General Fund |
| January 11, 2022 | S | Read for the first time and referred to the Senate committee on Governmental Affairs |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 23, 2022 | Room 825 at 10:30 | Senate F&TG Hearing |
| Hearing | February 9, 2022 | Room 825 at 11:00 | Senate F&TG Hearing |
| Hearing | February 2, 2022 | at 00:00 | Senate GA Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB37 Alabama 2022 Session - Introduced |
| Bill Amendments | Senate Finance and Taxation General Fund first Amendment Offered |
| Fiscal Note | Fiscal Note - SB37 for Finance and Taxation General Fund |
| Fiscal Note | Fiscal Note - SB37 for Finance and Taxation General Fund |