Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/27-31A-7.htm |
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Depth: | 0 singles |
Size: | 1,951 bytes |
Modified: | 1999-05-13 09:24:26 |
Categories: | -None- |
Title: | 27-31A-7 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 27-31A-7 Purchasing groups - Exemption from certain laws. A purchasing group and its insurer or insurers shall be subject to all applicable laws of this state, except that a purchasing group and its insurer or insurers shall be exempt, in regard to casualty insurance for the purchasing group, from any law that would do any of the following: (1) Prohibit the establishment of a purchasing group. (2) Make it unlawful for an insurer to provide or offer to provide insurance on a basis providing, to a purchasing group or its members, advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages, or other matters. (3) Prohibit a purchasing group or its members from purchasing insurance on a group basis described in subdivision (2) of this section. (4) Prohibit a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time. (5) Require that a purchasing group must have a minimum number of members, common ownership or affiliation, or certain legal form. (6) Require that a certain percentage of a purchasing group must obtain insurance on a group basis. (7) Otherwise discriminate against a purchasing group or any of its members. (8) Require that any insurance policy issued to a purchasing group or any of its members be countersigned by an insurance agent or broker residing in this state. (Acts 1993, No. 93-674, p. 1226, ยง7.) |