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Recently Enacted Laws

Contact: Mark Fowler, Governmental Relations Manager

(334) 241-4146

5/8/2014

Below please find information regarding new laws enacted in the State of Alabama during the 2014 Regular Legislative Session:

  • Amendments to the Preneed Funeral and Cemetery Act

    Senate Bill 98, sponsored by Sen. Paul Bussman

    Act 2014-216 - effective July 1, 2014

    Makes various revisions to the 2002 act, including:

    • Gives Commissioner authority over persons unlawfully writing preneed contracts.
    • Makes certain violations punishable as a felony.
    • Changes the annual renewal dates for certificate holders.
    • Requires certificate holders to make semi-annual reports of preneed contract and trust activity.
    • Changes the timing for placing preneed funds into trust.

  • AHIP Suspension

    Senate Bill 123, sponsored by Sen. Slade Blackwell

    Act 2014-219 - effective April 2, 2014

    Authorizes the Alabama Health Insurance Plan to cease operations under certain conditions.

  • Criminal Background Investigation Amendments

    Senate Bill 45, sponsored by Sen. Paul Bussman

    Act 2014-296 - effective April 7, 2014

    Amendments to the law authorizing the fingerprinting of Insurance Producers, Independent Adjusters and Title Insurance Agents.

  • Amendments to the Insurance Company Holding Systems Act

    House Bill 111, sponsored by Rep. Mike Hill

    Act 2014-324 - effective January 1, 2016

    Provides various revisions to make Alabama law substantially similar to the NAIC Model Holding Company Act.

  • ALDOI Accreditation bill

    Senate Bill 45, sponsored by Sen. Slade Blackwell

    Act 2014-377 - effective January 1, 2015

    Provides various revisions to make Alabama law substantially similar to the NAIC Model Risk-Based Capital, Business Transacted with Producer Controlled Property and Casualty Insurer, and the Risk Retention Acts.

  • Credit Against Insurance Premium Tax for Wind Coverage

    Senate Bill 254, sponsored by Sen. Bill Hightower

    Act 2014-420 - effective July 1, 2014

    Amends the law providing credit against premium tax for insurers voluntarily writing property policies which include wind coverage in Mobile and Baldwin counties.

You may access the above-mentioned acts directly from this page by clicking the act numbers, by visiting the Secretary of State’s web page at: http://www.sos.state.al.us/vb/inquiry/inquiry.aspx?area=Legislative%20Acts, or by visiting the Alabama Legislature’s web page at: http://www.legislature.state.al.us/index.html.