Insurance Department, insurance fraud, statute of limitations increased, investigators of Department of Insurance Fraud Unit, power of arrest to include other state laws

Digital assets, prohibits the state from certain actions related to digital assets and exempts certain actions from classification as a security or money transfer

Relating to Catastrophe Savings Accounts; expands allowable expenses

Pharmacy Benefits Managers; providing additional regulation of practices

Digital assets, regulates digital asset operations

Small loans companies, licensees of Banking Dept., additional limited closing fee for loans, Sec. 5-18-15 am'd.

Public notices, virtual method, provided for

Banking and financial institutions, small loans, authorizing limited closing fees, Sec. 5-18-15 am'd.

Land bank authorities, creation of local land bank authorities, acquisition of property, taxes and fees, coneyance, Secs. 29-4-11, 29-4-12 added; Secs. 24-9-4, 24-9-6, 24-9-10, 40-1-3, 40-10-1, 40-10-18, 40-10-29, 40-10-120, 40-10-184 am'd.

Travel insurance, Travel Insurance Act, created, licensing and registration requirements revised, sale of travel insurance, establish sales practices standards, Secs. 27-64-1 to 27-64-10, inclusive, added; Sec. 27-7-5.2 repealed

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.

Relating to building codes; to amend Section 27-2-39, Code of Alabama 1975, to provide for a portion of fees and taxes collected by the Department of Insurance to the Alabama Residential Building Code Fund; to designate Sections 34-14A-1 through 34-14A-20 as Article 1 of Chapter 14A of Title 34, Code of Alabama 1975; to amend Sections 34-14A-1, 34-14A-2, 34-14A-7, 34-14A-12, 34-14A-20, Code of Alabama 1975, to provide for the establishment of the Alabama Residential Building Code and its authority; to further provide for the practice of residential home building; to further provide for the duties of the Home Builders Licensure Board; to add Article 2, commencing with Section 34-14A-41, to Chapter 14A of Title 34, Code of Alabama 1975, to establish the Alabama Residential Building Code Division within the Home Builders Licensure Board and provide for its duties; to establish the Alabama Residential Building Code Fund in the State Treasury and provide for its administration; to add Article 6A, commencing of Section 41-9-175, to Chapter 9 of Title 41, Code of Alabama 1975, to establish the Alabama Residential Building Code Advisory Council and provide for its membership and duties; to amend Sections 41-23-80, 41-23-81, 41-23-82, 41-23-84, 41-23-85, Code of Alabama 1975, to provide for the change of the name of the Alabama Energy and Residential Codes Board to the Alabama Commercial Energy Code Board and further provide for the membership of the board; and to provide requirements for certain local building codes adopted or amended after a date certain.

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.

To authorize any county, municipality, or governmental entity subject to a countywide civil service system established by a local law to elect by a majority vote of the governing body of the county, municipality, or governmental entity to be exempt from the countywide civil service system for the recruitment and hiring of all employees; to require the county, municipality, or governmental entity to adopt a human resources policy and procedures manual and to notify the director of the countywide civil service system of its decision to withdraw from the system for the recruitment and hiring of employees; and to provide that employees, after a probationary period, would be merit system employees subject to all rights and protections under the countywide civil service system.

Relating to health insurance; to allow health insurers to communicate with enrollees regarding their health insurance plan or policy by electronic means.