SB 219

Alabama Senate bill in Session 2026RS.

Status: enacted. Latest action: April 9, 2026.

Insurance, to provide that service contract provider registration fees be paid into the Special Examination Revolving Fund instead of the Service Contract Revolving Fund.

Bill ID AL-2026RS-SB-219
Session 2026RS
Status enacted
Committee Insurance (House); Banking and Insurance (Senate)
Senate enacted 2026-04-09
Summary

This act amends Sections 8-32-1, 8-32-3, 8-32-5, Code of Alabama 1975, to: (1) authorize annual fees paid to the Commissioner of Insurance by providers of service contracts sold in this state to be adjusted according to the Consumer Price Index; and (2) require all such collected fees be deposited into the Special Examination Revolving Fund in the State Treasury instead of the Service Contract Revolving Fund. This act also requires all unencumbered and unexpended funds remaining in the Service Contract Revolving Fund on October 1, 2026, to be transferred to the Special Examination Revolving Fund.

Sponsor
Wes Kitchens
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-29 Introduced Bill introduced
2026-04-09 Status enacted
2026-04-09 Latest Action Enacted
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