Department of Insurance; Office of Risk and Resilience created; Strengthen Alabama Homes Program placed under office

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Plain-English Summary

This bill creates the Office of Risk and Resilience within the Department of Insurance to develop risk controls and address insurance market issues. It also places the Strengthen Alabama Homes Program, which helps property owners retrofit homes against storm damage, within this new office. The program's funding will come from a dedicated fund, subject to legislative appropriations and grants, and will not create an entitlement for property owners.

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