Insurance Risk Management and Insurance Center, Insurance Dept. to establish at state university and support, fund estab., approp. for center, Sec. 27-2-39 am'd.

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.

Regarding health insurance; to provide for a state health care exchange pursuant to the federal Affordable Care Act; to establish a governing board of directors and an executive director and require the board to operate the exchange; and to provide for coordination with and assistance from the Department of Insurance. B

Department of Insurance, surplus line brokers providing insurance not readily available by licensed agents in this state

Insurance, internal citations to the Code of Alabama corrected

Pharmacy Benefits Managers; Providing more regulation

Department of Insurance, internal Code of Alabama 1975 citations corrected

Department of Insurance, surplus line brokers providing insurance not readily available by licensed agents in this state

Department of Insurance, internal Code of Alabama 1975 citations corrected

Alabama insurance regulations; to define replacement cost

Health care policies; eliminate cost-sharing for prostate screening coverage of high risk men

Health care policies; eliminate cost-sharing for prostate screening coverage of high risk men

Relating to the Alabama Department of Insurance; to amend Sections 27-7-5, 27-7-14.1, 27-9A-6, 27-9A-8, 27-9A-9, 27-9A-11, 27-25-4.1, and 27-25-4.3, Code of Alabama 1975, to delete the requirement for insurance producers, independent adjusters, apprentice independent adjusters, and title insurance agents to complete a prelicensing course of study approved by the Commissioner of Insurance prior to licensure by the department; and to eliminate the issuance of new service representative licenses prospectively and to authorize a current licensee to renew his or her license.

Relating to insurance; to define lender-placed insurance on real property and provide a framework for regulating lender-placed insurance; to require separation between lenders and insurers and define unfair competitive practices in the sale, placement, solicitation, and negotiation of lender-placed insurance; to further provide for the term of the lender-placed insurance on real property and for the calculation of coverage and payment of premium; to provide for prohibited practices in the issuance of lender-placed insurance on real property; to require certain details of the insurance to be set forth in the policy or certificate of insurance; to require for the filing and approval by the Department of Insurance of the forms and rates to be charged for the insurance; to provide for the enforcement of the act and penalties for violations of the act; and to provide for judicial review of orders of the Commissioner of Insurance.

Relating to fire alarm systems; to amend Section 34-33A-10, Code of Alabama 1975, to require the plans for a fire alarm system submitted to and approved by a municipality, a county, or the state, to bear the seal of a professional engineer licensed in this state.