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.
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.
| Date | Event | Detail |
|---|---|---|
| 2026-01-29 | Introduced | Bill introduced |
| 2026-04-09 | Status | enacted |
| 2026-04-09 | Latest Action | Enacted |