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35-8A-313
Section 35-8A-313 Insurance. (a) Commencing not later than the time of the first conveyance
of a unit to a person other than a declarant, the association shall maintain, to the extent
reasonably available: (1) Property insurance on the common elements insuring against all risks
of direct physical loss commonly insured against or, in the case of a conversion building,
against fire and extended coverage perils. The total amount of insurance after application
of any deductibles shall be not less than the greater of 80 percent of the actual cash value
of the insured property at the time the insurance is purchased or such greater percentage
of such actual cash value as may be necessary to prevent the applicability of any co-insurance
provision and at each renewal date, exclusive of land, excavations, foundations, and other
items normally excluded from property policies; and (2) Liability insurance, including medical
payments insurance, in an amount determined by the board but not less than...
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25-5-335
Section 25-5-335 Types of tests; procedures for specimen collection and testing; laboratory;
confirmation of tests. (a) An employer is required to conduct the following types of tests
in order to qualify for the workers' compensation insurance premium discounts provided under
this article: (1) An employer shall require job applicants to submit to a substance abuse
test after extending an offer of employment. Limited testing of job applicants by an employer
shall qualify under this article if the testing is conducted on the basis of reasonable classifications
of job positions. (2) An employer shall require an employee to submit to reasonable suspicion
testing. (3) An employer shall require an employee to submit to a substance abuse test if
the test is conducted as part of a routinely scheduled employee fitness-for-duty medical examination
that is part of the employer's established policy or that is scheduled routinely for all members
of an employment classification or group. (4) If the...
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27-15-77
Section 27-15-77 Calculation of adjusted premiums - Industrial policies. (a) This section shall
not apply to industrial policies to be issued on or after the operative date of Section 27-15-78,
as defined therein. (b) The adjusted premiums and present values referred to in this article
for all policies of industrial insurance shall be calculated on the basis of the Commissioners
1961 Standard Industrial Mortality Table. All calculations shall be made on the basis of the
rate of interest specified in the policy for calculating cash surrender values and paid-up
nonforfeiture benefits; provided, that such rate of interest shall not exceed three and one-half
percent per annum; provided further, that a rate of interest not exceeding four percent per
annum may be used for policies issued on or after August 23, 1976, and prior to July 30, 1979,
and a rate of interest not exceeding five and one-half percent per annum may be used for policies
issued on or after July 30, 1979; provided, however,...
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27-22-43
Section 27-22-43 Outline of coverage and comprehensive policy checklist. (a) No homeowners
personal lines residential property coverage insurance policy shall be delivered or issued
for delivery in this state unless an appropriate outline of coverage and comprehensive policy
checklist have been delivered to the policyholder prior to issuance, within 30 days after
issuance of the policy under separate cover, or included in the policy when issued or mailed.
The comprehensive policy checklist shall contain a list of provisions and elements, whether
or not they are included in the policy being issued, in a format that allows the insurer to
indicate what is and what is not included in the policy being issued. The outline of coverage
and comprehensive checklist shall provide information on the policy and may, but is not required
to, include coverage by endorsement. (b) To be in compliance with this section, an insurer
may use an approved outline of coverage and comprehensive policy...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-22-43.htm - 4K - Match Info - Similar pages
27-22A-3
Section 27-22A-3 Requirements for sale of portable electronics insurance. (a) At every location
where portable electronics insurance is offered to customers, brochures or other written materials
must be made available to a prospective customer which: (1) Disclose that portable electronics
insurance may provide a duplication of coverage already provided by a customer's homeowner's
insurance policy, renter's insurance policy, or other source of coverage. (2) State that the
enrollment by the customer in a portable electronics insurance program is not required in
order to purchase or lease portable electronics or services. (3) Summarize the material terms
of the insurance coverage, including all of the following: a. The identity of the insurer.
b. The identity of the supervising entity. c. The amount of any applicable deductible and
how it is to be paid. d. Benefits of the coverage. e. Key terms and conditions of coverage
such as whether portable electronics may be repaired or replaced...
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8-33-2
Section 8-33-2 Definitions. As used in this chapter, the following words shall have the following
meanings: (1) ADMINISTRATOR. A third party other than the warrantor who is designated by the
warrantor to be responsible for the administration of vehicle protection product warranties.
(2) COMMISSIONER. The Commissioner of the Department of Insurance. (3) DEPARTMENT. The Department
of Insurance. (4) INCIDENTAL COSTS. Expenses specified in the warranty incurred by the warranty
holder related to the failure of the vehicle protection product to perform as provided in
the warranty. Incidental costs may include, without limitation, insurance policy deductibles,
rental vehicle charges, the difference between the actual value of the stolen vehicle at the
time of theft and the cost of a replacement vehicle, sales taxes, registration fees, transaction
fees, and mechanical inspection fees. (5) SERVICE CONTRACT. A contract or agreement as defined
in subdivision (13) of Section 8-32-2. (6) VEHICLE...
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25-5-318
Section 25-5-318 One-time discount to small employers. (a) For purposes of this article, "small
employer" means an employer who is not experienced-rated for workers' compensation insurance
purposes and whose annual workers' compensation premium is less than $5,000.00. (b) The Department
of Insurance shall promulgate a plan by which all insurance companies writing workers' compensation
insurance in this state shall grant a one-time discount to small employers who qualify under
this article and by which surcharges are assessed against small employers who experience two
or more employee on-the-job injuries resulting in payment of indemnity or medical payments
during a one-year period. (c) A small employer who has not experienced an employee on-the-job
injury resulting in payment of indemnity or medical payments during the most recent one-year
period for which statistics are available shall receive a one-time discount of 10 percent
on the amount of the employer's workers' compensation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-318.htm - 3K - Match Info - Similar pages
27-23-21
Section 27-23-21 Reasons for cancellation. (a) No notice of cancellation of a policy of automobile
liability insurance shall be effective unless it is based on one or more of the following
reasons: (1) Nonpayment of premium; (2) The policy was obtained through a material misrepresentation;
(3) Any insured violated any of the terms and conditions of the policy; (4) The named insured
failed to disclose fully his motor vehicle accidents and moving traffic violations for the
preceding 36 months if called for in the application; (5) The named insured failed to disclose
in his written application or in response to inquiry by his broker, or by the insurer or its
agent information necessary for the acceptance or proper rating of the risk; (6) Any insured
made a false or fraudulent claim or knowingly aided or abetted another in the presentation
of such a claim; (7) Failure to maintain membership in any group or organization when such
membership is a prerequisite to the purchase of such...
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27-25-6
Section 27-25-6 Companies to file rates. (a) Every title insurer shall file with the commissioner
its schedule of premium rates and every modification of any premium rate that it proposes
to use in this state. The premium rates shall not be subject to rebate and the rebate of premiums
to the insured are expressly prohibited. If a reissue premium rate is filed by an insurer,
an insured may receive reissue credit only when the insured physically produces the prior
title insurance policy, including schedules associated therewith, issued by a title insurer
licensed to be engaged in the business of title insurance in this state. A title insurer that
has not filed its premium rates pursuant to the provisions hereof shall not engage in the
business of title insurance until such time as its premium rates are filed. No person, title
insurer, agency, or agent shall charge any premium rate for any policy or contract of title
insurance except in accordance with the filed premium rates which are in...
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27-1-24.1
Section 27-1-24.1 Incentives for homeowners insurance policies with wind coverage in certain
areas. (a) Insurance carriers providing full property and casualty coverage, to specifically
include wind and hail coverage, to property owners within the areas defined in Section 27-1-24,
including any portion of the area as it may be expanded from time to time pursuant to Section
27-1-27, but only on properties that as of the time of writing are insured for wind coverage
through the Alabama Insurance Underwriting Association, may claim as a nonrefundable credit
against the insurance premium tax imposed by Chapter 4A of this title, in an amount equal
to 20 percent of the insurance premium tax otherwise due on the premium written for the property
owners for the taxable year in Zones B4, B5, M4, M5, or successor zones; and 35 percent of
the insurance premium tax otherwise due on the premium written for the property owners for
the taxable year in Zones Gulf Front, B1, B2, B3, M1, M2, M3, or...
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