Alabama: Insurance Bills Back on Track
After the previous week’s filibuster caused movement on insurance bills to “go off the rails,” the Senate on April 24 passed SB 164, investment modernization; SB 210,“clarity;” SB 227, catastrophe savings accounts; and SB 230, premium tax credits for coastal writings.
The House Insurance Committee was scheduled to meet 30 minutes prior to the May 1 session to take up SB 164, SB 210, and SB 230. SB 227 is on the House Ways and Means’ May 2 agenda.
Liz Reynolds, NAMIC Southeast state affairs manager, returned to Montgomery May 1 for the third week in a row to assist lobbyists on the ground in making progress on a package of insurance bills. “By continuing to work with leadership and coastal legislators to pass a variety of bills that address insurance concerns, we hope to forestall the need for a special session on insurance,” Reynolds pointed out.
Another bill with industry support, HB 323, insurance fraud, passed the House Insurance Committee on April 25. “We’ll be pushing to get the fraud bill across to the Senate,” Reynolds said. “We’d also like to see the storm scammer bill, SB 420, pass, as well.” Neither a bill on flex rating nor one to legitimize public adjusters is expected to move at this late date. The session has less than 10 days left.
Direct questions to NAMIC State Affairs Manager Liz Reynolds.