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Bill

SB 219

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

2026 Regular Session Introduced by Wes Kitchens

Alabama bill redirects service contract provider registration fees from one state insurance fund to another, shifting regulatory resource allocation.

Enacted
#insurance
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WeVote Research Nonpartisan
Bill Summary · SB 219

Legislative bill overview

SB 219 redirects service contract provider registration fees from the Service Contract Revolving Fund to the Special Examination Revolving Fund in Alabama. This is a technical budgetary bill that changes which state fund receives these regulatory fees paid by insurance service contract providers.

Why is this important

The bill affects how Alabama funds its insurance regulatory operations. By redirecting fees to the Special Examination Revolving Fund, it reallocates resources within the state's insurance regulatory apparatus, potentially affecting the solvency and operational capacity of both funds and the examination activities they support.

Potential points of contention

  • Fund adequacy: Redirecting fees away from the Service Contract Revolving Fund could underfund service contract oversight if that fund relies heavily on these registration fees for operations
  • Examination prioritization: The move may signal that the state wants to prioritize special examinations of insurance providers over routine service contract fund management
  • Stakeholder impact: Service contract providers may face scrutiny about whether this represents a net increase in examination costs or regulatory burden being shifted to them

Compiled from official sources — confirm details with the bill’s official record.

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