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

HB 419 changes where service contract provider registration fees are deposited. Currently, these fees (paid annually by companies selling repair/maintenance contracts) go to the Service Contract Revolving Fund. This bill redirects all such fees to the Special Examination Revolving Fund instead, while clarifying that fee adjustments must follow Consumer Price Index changes. It also requires any leftover funds in the old Service Contract Fund to be transferred to the new Special Examination Fund. These changes affect service contract providers registered with Alabama's Insurance Commissioner.