AL SB166 | 2022 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 2 2022 - 25% progression, died in committee
Action: 2022-02-02 - Read for the first time and referred to the Senate committee on Banking and Insurance
Pending: Senate Banking and Insurance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 2 2022 - 25% progression, died in committee
Action: 2022-02-02 - Read for the first time and referred to the Senate committee on Banking and Insurance
Pending: Senate Banking and Insurance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Insurance Dept., life and annuity policies, standard nonforfeiture law for individual deferred annuities, group capital calculation and stress test, providing for holding companies, duties to Commission and lead state commissioner, small company alternative valuation provision, exemptions, exemption premium based on valuation manual of NAIC, Commissioner of Insurance may regulate by rule, Secs. 27-15-28.2, 27-29-1, 27-29-3, 27-29-4, 27-29-7, 27-36A-20 am'd.
Title
Insurance Dept., life and annuity policies, standard nonforfeiture law for individual deferred annuities, group capital calculation and stress test, providing for holding companies, duties to Commission and lead state commissioner, small company alternative valuation provision, exemptions, exemption premium based on valuation manual of NAIC, Commissioner of Insurance may regulate by rule, Secs. 27-15-28.2, 27-29-1, 27-29-3, 27-29-4, 27-29-7, 27-36A-20 am'd.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-02 | Senate | Read for the first time and referred to the Senate committee on Banking and Insurance |
Same As/Similar To
HB78 (Same As) 2022-03-10 - Delivered to Governor at 9:30 a.m. on March 10, 2022.
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 27 | 15 | 28.2 | Amended Code | See Bill Text |
| 27 | 29 | 1 | Amended Code | See Bill Text |
| 27 | 29 | 3 | Amended Code | See Bill Text |
| 27 | 29 | 4 | Amended Code | See Bill Text |
| 27 | 29 | 7 | Amended Code | See Bill Text |
| 27 | 36A | 20 | Amended Code | See Bill Text |
