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27-12-6
Section 27-12-6 "Twisting." No person shall make or issue, or cause to be made or
issued, any written or oral statement misrepresenting or making misleading incomplete comparisons
as to the terms, conditions, or benefits contained in any policy for the purpose of inducing,
or attempting or tending to induce, the policyholder to lapse, forfeit, surrender, retain,
exchange, or convert any insurance policy. (Acts 1971, No. 407, p. 707, §232.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-12-6.htm - 749 bytes - Match Info - Similar pages
27-7-19
Section 27-7-19 Licenses - Penalties. (a) The commissioner may place on probation, refuse to
issue or renew, suspend, or revoke the license of any licensee under this chapter, or may
levy a civil penalty in accordance with subsection (c), or any combination of actions, for
any one or more of the following causes: (1) Any cause for which issuance of the license could
have been refused had it then existed and been known to the commissioner. (2) Providing incorrect,
misleading, incomplete, or materially untrue information in any application or in any communication
to the commissioner. (3) Obtaining or attempting to obtain a license through misrepresentation
or fraud. (4) Intentionally misrepresenting the terms of any actual or proposed insurance
contract or application for insurance. (5) Having admitted or been found to have committed
any insurance unfair trade practice or fraud. (6) For inducing, persuading, or advising any
policyholder to surrender or cause to be cancelled any policy of...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-60-2.htm - 45K - Match Info - Similar pages
27-25-4.5
Section 27-25-4.5 License denial, non-renewal, or revocation. (a) The commissioner may place
on probation, suspend, revoke, or refuse to issue or renew the license of a title insurance
agent or may levy a civil penalty pursuant to subsection (d), or any combination of these
actions, for any one or more of the following causes: (1) Providing incorrect, misleading,
incomplete, or materially untrue information in the license application. (2) Violating any
insurance laws, rules, subpoena, or order of the commissioner. (3) Obtaining or attempting
to obtain a license through misrepresentation or fraud. (4) Improperly withholding, misappropriating,
or converting any monies or properties received in the course of acting as a title insurance
agent or in otherwise doing insurance business in this state or elsewhere. (5) Intentionally
misrepresenting the terms of an actual title insurance contract. (6) Having been convicted
of a felony. (7) Having admitted or been found to have committed any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-25-4.5.htm - 3K - Match Info - Similar pages
27-9A-12
Section 27-9A-12 License denial, non-renewal, or revocation. (a) The commissioner may place
on probation, suspend, revoke, or refuse to issue or renew an independent adjuster's license,
an apprentice independent adjuster's license, or the registration of an emergency independent
adjuster, or may levy a civil penalty in accordance with subsection (d), or any combination
of these actions, for any one or more of the following causes: (1) Providing incorrect, misleading,
incomplete, or materially untrue information in the license application. (2) Violating any
insurance laws, rules, subpoena, or order of the commissioner or of another state's insurance
regulator. (3) Obtaining or attempting to obtain a license or registration through misrepresentation
or fraud. (4) Improperly withholding, misappropriating, or converting any monies or properties
received in the course of acting as an adjuster of any type or in otherwise doing insurance
business in this state or elsewhere. (5) Intentionally...
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27-34-45
Section 27-34-45 Misrepresentations. No person shall cause or permit to be made, issued, or
circulated in any form: (1) Any misrepresentation or false or misleading statement concerning
the terms, benefits, or advantages of any fraternal insurance contract now issued, or to be
issued, in this state or the financial condition of any society; (2) Any false or misleading
estimate or statement concerning the dividends or shares of surplus paid, or to be paid, by
any society on any insurance contract; or (3) Any incomplete comparison of an insurance contract
of one society with an insurance contract of another society or insurer for the purpose of
inducing the lapse, forfeiture, or surrender of any insurance contract. A comparison of insurance
contracts is incomplete: a. If it does not compare in detail: 1. The gross rates and the gross
rates less any dividend or other reduction allowed at the date of the comparison; and 2. Any
increase in cash values and all the benefits provided by each...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-34-45.htm - 2K - Match Info - Similar pages
27-18-10
Section 27-18-10 Policy provisions - Individual certificates. The group life insurance policy
shall contain a provision that the insurer will issue to the policyholder for delivery to
each person insured an individual certificate setting forth a statement as to the insurance
protection to which he is entitled, to whom the insurance benefits are payable and the rights
and conditions set forth in Sections 27-18-11, 27-18-12, and 27-18-13. (Acts 1971, No. 407,
p. 707, §416.)...
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27-30-14
Section 27-30-14 Contracts - Issuance; contents; approval by commissioner. (a) A mutual aid
association shall issue to each member or policyholder a contract, in the English language,
printed or reproduced by other easily legible means, and whether called a "certificate,"
"policy," "agreement," or by whatever name, setting forth the aid and
benefits for which the association is liable as to the respective individuals covered by such
contract and the terms and conditions thereof and the amounts payable to the association on
account of such contract and the terms and conditions of such payments. Any contract providing
for aid, service, funeral, or other benefits payable otherwise than in cash shall set forth
the reasonable cash value at retail of such aid, service, funeral, and other benefits, together
with the valuation of such benefits for the purpose of computation of the reserves as provided
in Section 27-30-17. (b) No provision or agreement not contained in such contract shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-30-14.htm - 2K - Match Info - Similar pages
27-19-105
Section 27-19-105 Regulations for long-term care policies; outline of coverage, policy summary,
and monthly report. (a) The commissioner may adopt regulations that include standards for
full and fair disclosure setting forth the manner, content, and required disclosures for the
sale of long-term care insurance policies, terms of renewability, initial and subsequent conditions
of eligibility, nonduplication of coverage provisions, coverage of dependents, preexisting
conditions, termination of insurance, continuation or conversion, probationary periods, limitations,
exceptions, reductions, elimination periods, requirements for replacement, recurrent conditions,
and definitions of terms. Regulations under this subsection should recognize the developing
and unique nature of long-term care insurance and the distinction between group and individual
long-term insurance policies. (b) No long-term care insurance policy may do any of the following:
(1) Be cancelled, nonrenewed, or otherwise...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-19-105.htm - 11K - Match Info - Similar pages
34-27-36
Section 34-27-36 Disciplinary action - Generally. (a) The commission or its staff may on its
own, or on the verified complaint in writing of any person, investigate the actions and records
of a licensee. The commission may issue subpoenas and compel the testimony of witnesses and
the production of records and documents during an investigation. If probable cause is found,
a formal complaint shall be filed and the commission shall hold a hearing on the formal complaint.
The commission shall revoke or suspend the license or impose a fine of not less than one hundred
dollars ($100) nor more than two thousand five hundred dollars ($2,500), or both, or reprimand
the licensee in each instance in which the licensee is found guilty of any of the following
acts set out in this section. The commission may revoke or suspend a license until such time
as the licensee has completed an approved continuing education course and/or made restitution
to accounts containing funds to be held for other...
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