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27-11-2
Section 27-11-2 Prohibition against transaction of insurance business, etc., in state
without license; exceptions. It shall be unlawful for any insurer to transact the business
of insurance in this state or to enter into a contract for insurance in this state without
first obtaining a license or certificate of authority from the commissioner. This unauthorized
insurers law shall not apply to: (1) Contracts of insurance procured pursuant to the surplus
line insurance law; (2) Transactions in this state involving contracts of insurance lawfully
entered into, written and the policy delivered outside of this state covering subjects of
insurance not resident, located or expressly to be performed in this state at the time of
issuance and transactions subsequent to the making of such contract and the issuance of such
policy; (3) Reinsurance contracts; (4) Transactions in this state involving group or blanket
insurance and group annuities where the master policy or contract was lawfully issued...
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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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32-7-22
Section 32-7-22 Motor vehicle liability policy defined; policy provisions. (a) A motor
vehicle liability policy, as the term is used in this chapter, means an owner's or an operator's
policy of liability insurance, certified as provided in Section 32-7-20 or Section
32-7-21 as proof of financial responsibility, and issued, except as otherwise provided in
Section 32-7-21, by an insurance carrier duly authorized to transact business in this
state, to or for the benefit of the person named in the policy as insured. (b) The owner's
policy of liability insurance: (1) Shall designate by explicit description or by appropriate
reference all motor vehicles to be insured; and (2) Shall insure the person named in the policy
and any other person, as insured, using any motor vehicle or motor vehicles designated in
the policy with the express or implied permission of the named insured, against loss from
the liability imposed by law for damages arising out of the ownership, maintenance, or use
of...
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32-7-23
Section 32-7-23 Uninsured motorist coverage; "uninsured motorist" defined;
limitation on recovery. (a) No automobile liability or motor vehicle liability policy insuring
against loss resulting from liability imposed by law for bodily injury or death suffered by
any person arising out of the ownership, maintenance, or use of a motor vehicle shall be delivered
or issued for delivery in this state with respect to any motor vehicle registered or principally
garaged in this state unless coverage is provided therein or supplemental thereto, in limits
for bodily injury or death set forth in subsection (c) of Section 32-7-6, under provisions
approved by the Commissioner of Insurance for the protection of persons insured thereunder
who are legally entitled to recover damages from owners or operators of uninsured motor vehicles
because of bodily injury, sickness or disease, including death, resulting therefrom; provided,
that the named insured shall have the right to reject such coverage; and...
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27-15-24
Section 27-15-24 Exclusions and restrictions in life insurance policies. (a) No policy
of life insurance shall be delivered or issued for delivery in this state if it contains any
of the following provisions: (1) A provision for a period shorter than that provided by statute
within which an action may be commenced on such a policy; and (2) A provision which excludes
or restricts liability for death caused in a certain specified manner or occurring while the
insured has a specified status; except, that a policy may contain provisions excluding or
restricting coverage as specified therein in the event of death under any one or more of the
following circumstances: a. Death as a result, directly or indirectly, of war, declared or
undeclared, or of action by military forces, or of any act or hazard of such war or action,
or of service in the military, naval, or air forces or in civilian forces auxiliary thereto,
or from any cause while a member of such military, naval, or air forces of any...
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27-25-3
Section 27-25-3 Definitions. For the purposes of this chapter, the following terms shall
have the following meanings: (1) ABSTRACT OF TITLE. A compilation or summary of all instruments
of public record of whatever kind or nature which in any manner affect title to a specified
parcel of real property. (2) BUSINESS ENTITY. A domestic entity properly formed and existing
under Title 10A. (3) COMMISSIONER. The Commissioner of the Alabama Department of Insurance.
(4) INDIVIDUAL. A natural person. (5) NAIC. The National Association of Insurance Commissioners,
its subsidiaries and affiliates, and any successor thereof. (6) OPINION OF TITLE. A written
expression of the status of title, including, but not limited to, the validity or invalidity
thereof, based upon an examination by an attorney at law, who is licensed to practice law
in this state, of instruments of public record or an abstract thereof affecting title to a
specified parcel of real property to ascertain the history and present...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-25-3.htm - 5K - Match Info - Similar pages
27-22-42
Section 27-22-42 Policyholders Bill of Rights. The following shall serve as the minimum
standards to be followed by the Alabama Department of Insurance in exercising the department's
powers and duties in regulating insurance companies pursuant to Chapter 12. The Department
of Insurance and insurance companies shall post this list or an electronic link of this list
on their respective websites. These standards include the following: (1) Policyholders shall
have the right to competitive pricing practices of insurers as prescribed by applicable federal
or state insurance law and regulation. (2) Policyholders shall have the right to insurance
advertising and sales approaches that provide representative information on the policy in
accordance with Chapter 12. (3) Policyholders shall have the right to assurance that the insurance
market in general and their insurance company in particular are financially stable as provided
in Section 27-12-7. (4) Policyholders shall have the right to receive...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-22-42.htm - 3K - Match Info - Similar pages
27-20-5
Section 27-20-5 Blanket disability insurance - Power to issue; filing requirement; mandatory
policy provisions. Any insurer authorized to write disability insurance in this state shall
have the power to issue blanket disability insurance. No such blanket policy may be issued
or delivered in this state unless a copy of the form thereof shall have been filed in accordance
with Section 27-14-8. Every such blanket policy shall contain provisions which, in
the opinion of the commissioner, are at least as favorable to the policyholder and the individual
insured as the following: (1) A provision that the policy, including endorsements and a copy
of the application, if any, of the policyholder and the persons insured shall constitute the
entire contract between the parties, and that any statement made by the policyholder or by
a person insured shall, in absence of fraud, be deemed a representation and not a warranty
and that no such statements shall be used in defense to a claim under the...
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27-17A-2
Section 27-17A-2 Definitions. As used in this chapter, the following terms shall have
the following meanings: (1) ALTERNATIVE CONTAINER. A nonmetal receptacle or enclosure, without
ornamentation or a fixed interior lining, which is designed for the encasement of human remains
and which is made of cardboard, pressed-wood, composition materials (with or without an outside
covering), or pouches of canvas or other materials. (2) ARRANGEMENT CONFERENCE. The meeting
occurring either at need or preneed between the seller and the purchaser during which funeral
or cemetery merchandise and services are discussed. (3) ARRANGEMENT CONFERENCE FEE. The charge
to the purchaser in conjunction with the arrangement conference. (4) AT NEED. At the time
of death, or immediately following death. (5) AUTHORIZING AGENT. One who is lawfully authorized
to control the final disposition of human remains. (6) BELOW-GROUND CRYPT. A preplaced enclosed
chamber, which is usually constructed of reinforced concrete,...
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27-44-8
Section 27-44-8 Powers and duties of association. (a) If a member insurer is an impaired
insurer, the association may, in its discretion and subject to any conditions imposed by the
association that do not impair the contractual obligations of the impaired insurer, and that
are approved by the commissioner: (1) Guarantee or reinsure, or cause to be guaranteed, assumed,
or reinsured, any or all of the covered policies of the impaired insurers. (2) Provide such
moneys, pledges, notes, guarantees, or other means as are proper to effectuate subdivision
(1), and assure payment of the contractual obligations of the impaired insurer pending action
under subdivision (1). (b) If a member insurer is an insolvent insurer, the association shall,
in its discretion and subject to the approval of the commissioner, do either of the following:
(1)a. Guarantee, assume, or reinsure, or cause to be guaranteed, assumed, or reinsured, the
covered policies of the insolvent insurer. b. Assure payment of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-44-8.htm - 24K - Match Info - Similar pages
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