Under existing law, the Commissioner of Insurance is authorized to approve an assigned risk plan for the equitable distribution of the costs incurred in providing motor vehicle insurance to those unable to obtain insurance through ordinary methods. This bill would establish the Alabama Automobile Insurance Plan and provide for the Commissioner of Insurance to approve the plan. This bill would provide that the plan shall be administered by a governing committee comprised of members approved by the commissioner. The governing committee may authorize certain service providers to issue motor vehicle liability polices to certain applicants in the name of the plan. This bill would also provide that any assigned risk policy issued under the plan adopted by the commissioner shall not create any liability to the Department of Insurance, or any of its officers or employees, or the state.

Statutes affected:
Introduced: 32-7-35