HB615 — Catastrophe savings accounts, required to be held in Alabama banks, credit unions, or veterans financial institutions and approved by the Commissioner of Insurance

HB615 — Catastrophe savings accounts, required to be held in Alabama banks, credit unions, or veterans financial institutions and approved by the Commissioner of Insurance · Informed CitizenryHouse Bill 615 establishes requirements for 'catastrophe savings accounts,' which are specific types of emergency savings intended for large-scale disasters. The bill mandates that these funds must…Open in Informed Citizenry