27-44-3
Section 27-44-3 Scope of chapter. (a) This chapter shall provide coverage for the policies
and contracts specified in subsection (b) as follows: (1) To persons who, regardless of where
they reside (except for non-resident certificate holders under group policies or contracts),
are the beneficiaries, assignees, or payees of the persons covered under subdivision (2).
(2) To persons who are owners of or certificate holders under the policies or contracts, other
than structured settlement annuities, and in each case who are either of the following: a.
Residents b. Not residents, but only under all of the following conditions: 1. The insurer
that issued the policies or contracts is domiciled in this state. 2. The states in which the
persons reside have associations similar to the association created by this chapter. 3. The
persons are not eligible for coverage by an association in any other state due to the fact
the insurer was not licensed in the state at the time specified in the state's...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-44-3.htm - 12K - Match Info - Similar pages

27-19-103
Section 27-19-103 Definitions. Unless the context requires otherwise, the definitions in this
section apply throughout this article. (1) APPLICANT. In the case of: a. An individual long-term
care insurance policy, the person who seeks to contract for benefits. b. A group long-term
care insurance policy, the proposed certificate holder. (2) CERTIFICATE. Any certificate issued
under a group long-term care insurance policy, which policy has been delivered or issued for
delivery in this state. (3) COMMISSIONER. The Alabama Commissioner of Insurance. (4) GROUP
LONG-TERM CARE INSURANCE. A long-term care insurance policy which is delivered or issued for
delivery in this state and issued to any of the following: a. One or more employers or labor
organizations, or to a trust or to the trustees of a fund established by one or more employers
or labor organizations, or a combination thereof, for employees or former employees or a combination
thereof, or for members or former members or a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-19-103.htm - 9K - Match Info - Similar pages

27-13-32
Section 27-13-32 Hearings on applications to reduce rates. Every rating organization, and every
insurer which does its own rate-making, shall provide reasonable means within this state,
to be approved by the department, whereby any person, or persons, affected by rate made by
it may be heard on an application to reduce such rate. If such rating organization or such
insurer shall refuse to reduce such rate, the person or persons affected thereby may make
a like application to the commissioner within 30 days after receipt of notice in writing that
the application for reduction of rate has been denied by such rating organization or by such
insurer. If, upon the expiration of 20 days after application for the reduction of a rate,
such rating organization or such insurer fails to grant or reject the application, the person,
or persons, affected may make the application to the commissioner in the same manner as if
the application had been rejected by such rating organization or by such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-32.htm - 1K - Match Info - Similar pages

27-13-71
Section 27-13-71 Hearings on applications to reduce rates. Every rating organization and every
insurer which does its own rate-making shall provide reasonable means within this state, to
be approved by the department, whereby any person, or persons, affected by a rate made by
it may be heard on a written application to reduce such rate. If such rating organization
or such insurer shall refuse to reduce such rate, the person, or persons, affected thereby
may make a like application to the commissioner within 30 days after receipt of notice in
writing that the application for reduction of rate has been denied by such rating organization
or by such insurer. If, upon the expiration of 20 days after application for the reduction
of a rate, such rating organization or such insurer fails to grant or reject the application,
the person, or persons, affected may make the application to the commissioner in the same
manner as if the application had been rejected by such rating organization or by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-71.htm - 1K - Match Info - Similar pages

27-13-101
Section 27-13-101 Compliance with article and rules, etc., of commissioner. Every advisory
organization assisting any rating organization or any insurer whose rates are subject to regulation
under Article 2 of this chapter or any rating organization or any insurer whose rates are
subject to regulation under Article 3 of this chapter, as a condition precedent to the rendering
of such assistance, shall comply with the provisions of this article and any, and all, duly
promulgated rules or regulations or orders of the commissioner relative to insurance rates,
rate-making, or assistance therein. (Acts 1965, 2nd Ex. Sess., No. 120, p. 167, §2; Acts
1971, No. 407, p. 707, §309.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-101.htm - 993 bytes - Match Info - Similar pages

27-17-16
Section 27-17-16 Valuation of life insurance reserve liabilities for burial insurance policies;
increase in amount of insurance; minimum standards for valuation; notice to commissioner as
to change in valuation standards; increase in retail value, nonforfeiture value, and cash
surrender value; construction with other laws. (a) Except as hereinafter provided, any authorized
insurer who issues or has heretofore issued "burial insurance" in this state shall
value the life insurance reserve liabilities for such policies (hereinafter "burial reserves")
in accordance with the provisions of Section 27-36-7. (b) An insurer shall increase the amount
of insurance on which its burial reserves are based, not to exceed the retail value of such
benefits as stated in the policies, when appropriate to reflect an increase in the costs to
the insurer of providing the policy benefits. When an insurer shall increase the amount of
insurance for this purpose, it shall be permitted to change the assumed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-17-16.htm - 3K - Match Info - Similar pages

27-13-29
Section 27-13-29 Filing of rating systems with department by insurers - Requirement. Beginning
180 days after January 1, 1972, every insurer shall, before using or applying any rate to
any kind of insurance coming within the scope of this article, file with the department a
copy of the rating system upon which such rate is based or by which such rate is fixed or
determined. The filing required in this section may be made on behalf of such insurer by a
rating organization of which such insurer is a member or subscriber. The provisions of this
section shall be deemed to have been complied with by any insurer which had, before January
1, 1972, been a member or subscriber of a rating organization doing business in the state.
From and after the date of the filing of such rating systems, every insurer shall charge and
receive rates fixed or determined in strict conformity therewith, except as in this article
otherwise expressly provided. (Acts 1945, No. 132, p. 133, §8; Acts 1971, No. 407,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-29.htm - 1K - Match Info - Similar pages

27-13-67
Section 27-13-67 Filing of rating plans with department by insurers - Requirement. Beginning
180 days after January 1, 1972, every insurer shall, before using or applying any rate to
any kind of insurance coming within the scope of this article, file with the department a
copy of the rating plan upon which such rate is based or by which such rate is fixed or determined.
The filing required in this section may be made on behalf of such insurer by a rating organization
of which such insurer is a member or subscriber. From and after the date of the filing of
such rating plans, every insurer shall charge and receive rates fixed or determined in strict
conformity therewith, except as in this article otherwise expressly provided. (Acts 1945,
No. 133, p. 145, §7; Acts 1971, No. 407, p. 707, §290.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-67.htm - 1K - 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

27-13-30
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