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27-19-3
Section 27-19-3 Mandatory policy provisions - Generally. (a) Except as provided in subsection
(b) of this section, each such policy delivered, or issued for delivery, to any person in
this state shall contain the provisions specified in Sections 27-19-4 through 27-19-15, in
the words in which the same appear; except, that the insurer may, at its option, substitute
for one or more of such provisions corresponding provisions of different wording approved
by the commissioner which are in each instance not less favorable in any respect to the insured
or the beneficiary. Each such provision shall be preceded individually by the applicable caption
shown or, at the option of the insurer, by such appropriate individual or group captions or
subcaptions as the commissioner may approve. (b) If any such provision is, in whole or in
part, inapplicable to, or inconsistent with, the coverage provided by a particular form of
policy, the insurer, with the approval of the commissioner, shall omit from...
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27-1-22
Section 27-1-22 Uniform prescription drug information card or technology. (a) Every health
benefit plan that provides coverage for prescription drugs or devices, or administers a plan,
including, but not limited to, third party administrators for self-insured plans and state
administered plans, excluding the Alabama Medicaid Program, shall issue to its insureds a
card or other technology containing prescription drug information. The uniform prescription
drug information card or technology shall be in the format approved by the National Council
for Prescription Drug Programs (NCPDP) and shall include all of the required fields and conform
to the most recent pharmacy ID card or technology implementation guide produced by NCPDP or
conform to a national format acceptable to the Commissioner of Insurance. If a health care
plan includes a conditional or situational field, it shall conform to the most recent pharmacy
information card or technology implementation guide by the NCPDP or conform...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-1-22.htm - 3K - Match Info - Similar pages
8-33-5
Section 8-33-5 Conditions for warrantors. (a) No vehicle protection product shall be sold or
offered for sale in this state unless the warrantor meets one of the conditions in subsection
(b) or (c) in order to ensure adequate performance under the warranty. No other financial
security requirements or financial standards for warrantors shall be required. (b) The vehicle
protection product warrantor is insured under a warranty reimbursement insurance policy issued
by an insurer authorized to do business in this state which provides that: (1) The insurer
will pay to, or on behalf of, the warrantor 100 percent of all sums that the warrantor is
legally obligated to pay according to the warrantor's contractual obligations under the warrantor's
vehicle protection product warranty. (2) A true and correct copy of the warranty reimbursement
insurance policy has been filed with the commissioner by the warrantor. (3) The policy contains
the provision required in Section 8-33-6. (c)(1) The vehicle...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-33-5.htm - 2K - Match Info - Similar pages
27-10-33
Section 27-10-33 Service of process in action or proceeding against insurer. (a) Any unauthorized
insurer issuing a policy or assuming a direct insurance risk under this surplus line law shall
be deemed thereby to have appointed the commissioner as its attorney upon whom may be served
all lawful process in any action or proceeding against it in this state arising out of such
insurance. (b) Service of process upon the commissioner as process agent of the insurer shall
be made by the proper officer of Montgomery County by serving copies in triplicate of the
process upon the commissioner or upon his assistant, deputy, or other person in charge of
his office. Upon receiving such service, the commissioner shall promptly forward a copy thereof
by certified mail or registered mail to the person last designated to receive the same, as
provided in subsection (c) of this section, return one copy with his admission of service,
and retain one copy in the files of the department. (c) Each such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-10-33.htm - 2K - Match Info - Similar pages
27-15-81
Section 27-15-81 Consistency of progression of cash surrender values with increasing policy
duration. (a) This section, in addition to all other applicable sections of this article,
shall apply to all policies issued on or after January 1, 1985. Any cash surrender value available
under the policy in the event of default in a premium payment due on any policy anniversary
shall be in an amount which does not differ by more than two-tenths of one percent of either
the amount of insurance, if the insurance be uniform in amount, or the average amount of insurance
at the beginning of each of the first 10 policy years, from the sum of: (1) The greater of
zero and the basic cash value hereinafter specified. (2) The present value of any existing
paid-up additions, less the amount of any indebtedness to the insurer on account of or secured
by the policy. (b) The basic cash value shall be equal to the present value, on such anniversary,
of the future guaranteed benefits which would have been...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-81.htm - 4K - 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
27-22A-2
Section 27-22A-2 Licensure of vendors. (a) A vendor is required to hold a limited lines insurance
producer license to sell or offer coverage under a policy of portable electronics insurance.
(b) A limited lines insurance producer license issued in accordance with this chapter shall
authorize any employee or authorized representative of the vendor to sell or offer coverage
under a policy of portable electronics insurance to a customer at each location at which the
vendor engages in portable electronics transactions. (c) The supervising entity shall maintain
a registry of vendor locations which are authorized to sell or solicit portable electronics
insurance coverage in this state. Upon request by the commissioner and with 10 days' notice
to the supervising entity, the registry shall be open to inspection and examination by the
commissioner during regular business hours of the supervising entity. (d) Notwithstanding
any other provision of law, a license issued in accordance with this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-22A-2.htm - 1K - Match Info - Similar pages
27-43-10
Section 27-43-10 Types of legal expense insurance; policy and certificate forms; issuance of
policies and certificates. (a) Legal expense insurance may be written as individual, group,
blanket, or franchise insurance. Each contractual obligation for legal expense insurance must
be evidenced by a policy. Each person insured under a group policy must be issued a certificate
of coverage. (b) No policy or certificate of legal expense insurance may be issued in this
state unless a copy of the form has been filed and approved by the commissioner. (c) The commissioner
may not approve any form that does not meet the following requirements: (1) Policies must
contain a list and description of the legal service payments promised or the legal matters
for which expenses are to be reimbursed and any limits on the amounts to be paid or reimbursed;
(2) Policies and certificates must indicate the name of the insurer and the full address of
its principal place of business; (3) Certificates issued under...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-43-10.htm - 3K - Match Info - Similar pages
27-31B-12
Section 27-31B-12 Legal investments. (a) An association captive insurance company, risk retention
group, and an industrial insured captive insurance company insuring the risks of an industrial
insured group defined in paragraph b. of subdivision (18) of Section 27-31B-2 shall comply
with the investment requirements contained in this title, as applicable; provided, however,
that compliance with these investment requirements shall be waived for risk retention groups
to the extent that credit for risks ceded to reinsurers is allowed pursuant to Section 27-31B-13
or to the extent otherwise deemed reasonable and appropriate by the commissioner. Chapter
37 of this title shall apply to association captives, risk retention groups, and industrial
insured captive insurance companies insuring the risks of industrial insured groups defined
in paragraph b. of subdivision (18) of Section 27-31B-2 except to the extent it is inconsistent
with approved accounting standards in use by the association...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-31B-12.htm - 2K - Match Info - Similar pages
27-31C-3
Section 27-31C-3 License to provide homeowners insurance; exemptions; powers and duties. (a)
An Alabama Coastal Captive Insurance Company, if permitted by its articles of incorporation
or organization, operating agreements, or charter, may apply to the commissioner for a license
to write homeowners insurance coverage as limited in Section 27-31B-3(a)(4) and as defined
and limited in the standard real property and contents insurance forms as approved by the
commissioner. (b) An Alabama Coastal Captive Insurance Company that qualified as an association
captive under the provisions of Section 27-31B-8 is exempt from the requirement that the association
be in existence for one year so long as the association is in good standing as an entity before
becoming an owner of an Alabama Coastal Captive Insurance Company. (c) An Alabama Coastal
Captive Insurance Company may write homeowners insurance coverage as limited in Section 27-31B-3(a)(4)
and as limited to perils described in subsection (a)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-31C-3.htm - 6K - Match Info - Similar pages
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