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27-13-30
Section 27-13-30 Filing of rating systems with department by insurers - Examination and approval
or disapproval by commissioner. If, after examination thereof, the commissioner shall find
that such rating systems filed by, or on behalf of, an insurer provide for, result in or produce
rates that are unreasonably high or excessive, or are not adequate for the safeness and soundness
of the insurer or are unfairly discriminatory between risks in this state involving essentially
the same hazards, he shall issue an order to such insurer, or to the rating organization of
which such insurer is a member or subscriber, directing that such rating systems be altered
in the manner, and to the extent, stated in such order to produce rates that are reasonable
and adequate and not unfairly discriminatory. If the commissioner shall find that such rating
systems provide for, result in or produce rates that are not unreasonably high, are not inadequate
for the safeness and soundness of the insurer and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-30.htm - 3K - Match Info - Similar pages
27-13-68
Section 27-13-68 Filing of rating plans with department by insurers - Examination and approval
or disapproval by commissioner. If, after examination thereof, the commissioner shall find
that such rating plans filed by, or on behalf of, an insurer provide for, result in or produce
rates that are unreasonably high or excessive, or are not adequate for the safeness and soundness
of the insurer or are unfairly discriminatory between risks in this state involving essentially
the same risks, he shall issue an order to such insurer, or to the rating organization of
which such insurer is a member or subscriber, directing that such rating plans be altered
in the manner, and to the extent, stated in such order to produce rates that are reasonable
and adequate and not unfairly discriminatory. If the commissioner shall find that such rating
plans provide for, result in or produce rates that are not unreasonably high, are not inadequate
for the safeness and soundness of the insurer and are not...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-68.htm - 3K - Match Info - Similar pages
27-13-33
Section 27-13-33 Applications for uniform percentage increase or decrease of rates by insurers.
Any insurer may apply to the commissioner for permission to effect a uniform percentage increase
or decrease in the rates applied to all risks of a particular class in the state in a particular
kind, or kinds, of insurance. Upon the filing of such application, the commissioner shall
give notice thereof by registered or certified mail to the rating organization, if any, of
which such insurer is a member or subscriber and shall fix a time and place for a hearing
upon the merits of such application. At such hearing, such insurer and such rating organization,
or their representatives, shall be entitled to be heard and to present evidence in support
of, or against, such application. The commissioner shall, upon the conclusion of such hearing,
make such order as he shall deem consistent with the establishment and maintenance of reasonable,
adequate and non-discriminatory rates. If the application...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-33.htm - 2K - Match Info - Similar pages
25-5-8
Section 25-5-8 Employers' options to secure payment of compensation. (a) Option to insure risks.
An employer subject to this chapter may secure the payment of compensation under this chapter
by insuring and keeping insured his or her liability in some insurance corporation, association,
organization, insurance association, corporation, or association formed of employers and workers
or formed by a group of employers to insure the risks under this chapter, operating by mutual
assessment or other plans or otherwise. Notwithstanding the foregoing, the insurance association,
organization, or corporation shall have first had its contract and plan of business approved
in writing by the Commissioner of the Department of Insurance of Alabama and have been authorized
by the Department of Insurance to transact the business of workers' compensation insurance
in this state and under the plan. Notwithstanding any other provision of the law to the contrary,
the obligations of employers under law for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-8.htm - 14K - Match Info - Similar pages
27-13-37
Section 27-13-37 Alteration, supplementation, and amendment of rating systems. A rating organization,
or any insurer making its own rates, may, with the approval of the commissioner, from time
to time, alter, supplement, or amend its rating systems, or any part thereof, by filing with
the department copies of such alterations, supplements, or amendments, together with a statement
of the reason, or reasons, for such alteration, supplement, or amendment. If such alteration,
supplement, or amendment shall have the effect of increasing or decreasing rates, the commissioner
shall determine whether the rates as altered thereby are reasonable, adequate, and not unfairly
discriminatory. If the commissioner shall determine that the rates as so altered are not unreasonably
high, or inadequate or unfairly discriminatory, he shall make an order approving them. If
he shall find that the rates as altered are unreasonable, inadequate, or unfairly discriminatory,
he shall issue an order disapproving...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-37.htm - 2K - Match Info - Similar pages
27-13-72
Section 27-13-72 Application for uniform percentage increase or decrease in rates by insurers.
(a) Any insurer may apply to the commissioner for permission to effect a uniform percentage
increase or decrease in the rates applied to all kinds of a particular class in the state
in a particular kind, or kinds, of insurance. Upon the filing of such application, the commissioner
shall give notice thereof by registered or certified mail to the rating organization, if any,
of which such insurer is a member or subscriber and shall fix a time and place for a hearing
upon the merits of such application. At such hearing, such insurer and such rating organization,
or their representatives, shall be entitled to be heard and to present evidence in support
of, or against, such application. The commissioner shall, upon the conclusion of such hearing,
make such order as he shall deem consistent with the establishment and maintenance of reasonable,
adequate, and nondiscriminatory rates. If the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-72.htm - 2K - Match Info - Similar pages
27-14-8
Section 27-14-8 Forms - Filing and approval or disapproval. (a) No basic insurance policy or
annuity contract form or application form where written application is required and is to
be made a part of the policy, or contract, or printed rider, or endorsement form or form of
renewal certificate shall be delivered or issued for delivery in this state unless the form
has been filed with, and approved by, the commissioner. This subsection shall not apply to
surety bonds or to specially rated inland marine risks, nor to policies, riders, endorsements,
or forms of unique character designed for, and used with, relation to insurance upon a particular
subject or which relate to the manner of distribution of benefits or to the reservation of
rights and benefits under life or disability insurance policies and are used at the request
or with the consent of the individual policyholder, contract holder, or certificate holder.
As to group insurance policies effectuated and delivered outside this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-14-8.htm - 3K - Match Info - Similar pages
27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
27-13-75
Section 27-13-75 Alteration, supplementation, and amendment of rating plans. A rating organization
or any insurer making its own rates may, with the approval of the commissioner, from time
to time, alter, supplement, or amend its rating plans, or any part thereof, by filing with
the department copies of such alterations, supplements, or amendments, together with a statement
of the reason, or reasons, for such alteration, supplement, or amendment. If such alteration,
supplement, or amendment shall have the effect of increasing or decreasing rates, the commissioner
shall determine whether the rates as altered thereby are reasonable, adequate, and not unfairly
discriminatory. If the commissioner shall determine that the rates as so altered are not unreasonably
high, or inadequate or unfairly discriminatory, he shall make an order approving them. If
he shall find that the rates as altered are unreasonable, inadequate, or unfairly discriminatory,
he shall issue an order disapproving such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-75.htm - 2K - Match Info - Similar pages
27-13-38
Section 27-13-38 Prohibition against premiums not in accord with approved rating systems. No
insurer, or employee thereof, and no broker or agent shall knowingly charge, demand, or receive
a premium for any policy of insurance except in accordance with the respective rating systems
on file with, and approved by, the commissioner. No insurer, or employee thereof, and no broker
or agent shall pay, allow or give, or offer to pay, allow or give, directly or indirectly,
as an inducement to insurance or after insurance has been effected, any rebate, discount,
abatement, credit, or reduction of the premium named in a policy of insurance, or any special
favor or advantage in the dividends, or other benefits to accrue thereon or any valuable consideration
or inducement whatever not specified in the policy of insurance, except to the extent that
such rebate, discount, abatement, credit, reduction, favor, advantage, or consideration may
be provided for in rating systems filed by, or on behalf of,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-38.htm - 2K - Match Info - Similar pages
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