Alabama SB308 creates the Office of Risk and Resilience within the Department of Insurance and places the Strengthen Alabama Homes Program under this.
Alabama SB308 establishes the Office of Risk and Resilience within the Department of Insurance to develop and implement risk controls for a healthy insurance market. The Strengthen Alabama Homes Program, which aims to retrofit insurable properties to resist hurricane, tornado, or other catastrophic windstorm events, is placed under this office. The program can apply for financial grants and may also fund nonprofit entities for retrofitting projects.
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- Core Provisions
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- Impact
- Legal Framework
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