Committee: Banking and InsuranceSponsor: Rich
Analyst: John FriedenreichDate: 03/02/2021


House Bill 32 as passed the House of Representatives may increase the obligations of the Alabama Department of Insurance by an undetermined amount due to additional administrative costs associated with the regulation of reinsurers. This bill would not otherwise affect state or local funding.

 Shay Shelnutt, Chairperson
Banking and Insurance