On Apr. 4, ALA LEG enacted bill on high risk motor vehicle insurance.
ALA LEG enacted SB 47 re to establish the Alabama automobile insurance plan.
Motor Vehicle Insurance
Bill amends Code of Alabama 1975, ALA INS 32-7-35 re Automobile insurance plan.
The insurance commissioner will approve the plan to equitably apportion the cost of high risk motor vehicle liability policies, and also issue polices in the name of the plan.
No policy issued in the plan name will create liability to the department, officers, its employees or the state, and committee will annually file authored financial reports.
Legislative History
On Feb. 6, 2024, bill introduced in Senate; on Feb. 27, 2024, bill passed in Senate.
On Feb. 27, 2024, bill delivered to House; on Mar. 19, 2024, bill was passed in House.
On Mar. 19, 2024, bill delivered to governor; on Apr. 4, 2024, bill signed by governor.
Effectiveness
Bill SB47, assigned Act 2024-38, is effective as of Oct. 1, 2024.
