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16-22-5
Section 16-22-5 Authority of school boards to form groups for purpose of obtaining group insurance;
payment of insurance premiums. Each local board of education may form its employees into a
group or groups or recognize existing groups for the purpose of obtaining the advantages of
group life, disability, medical and dental insurance or any group insurance plans to aid its
employees, as long as the employees continue to be employed by the board of education. Any
local board of education may pay all or part of the premium on the policies and/or may deduct
from the salaries of the employees that part of the premium which is to be paid by them and
may contract with the insurer to provide the above benefits. (Acts 1973, No. 655, p. 984,
§1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-22-5.htm - 1K - Match Info - Similar pages
27-14-15
Section 27-14-15 Underwriters' and combination policies. (a) Two or more authorized insurers
may jointly issue, and shall be jointly and severally liable on, an underwriters' policy bearing
their names. Any one insurer may issue policies in the name of an underwriter's department,
and such policy shall plainly show the true name of the insurer. (b) Two or more insurers
may issue a combination policy which shall contain provisions substantially as follows: (1)
That the insurers executing the policy shall be severally liable for the full amount of any
loss or damage, according to the terms of the policy, or for specified percentages or amounts
thereof, aggregating the full amount of insurance under the policy; and (2) That service of
process, or of any notice or proof of loss required by such policy, upon any of the insurers
executing the policy, shall constitute service upon all such insurers. (c) This section shall
not apply to cosurety obligations. (Acts 1971, No. 407, p. 707, §328.)...
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27-17-9
Section 27-17-9 Policy provisions - Furnishing of merchandise and services - Cash benefit in
lieu thereof. There shall be a provision that if the death of the insured or, if a vault or
monument policy, the burial of the insured occurs outside the State of Alabama or at a greater
distance from an authorized funeral director or monument dealer of the insurer than that specified
in Section 27-17-8, the insurer will, in lieu of furnishing such merchandise and services,
pay a cash benefit of not less than one half of the specified retail value of the merchandise
and services provided in the policy; provided, however, that the insurer may provide for a
reduced benefit as to an insured less than one year of age at death. The policy may contain
a provision for the payment of such cash benefit at the option of the insurer under any other
circumstances where it is impractical for any reason to furnish the merchandise and services
provided by the policy. (Acts 1971, No. 407, p. 707, §400.)...
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25-5-312
Section 25-5-312 Powers and duties of the board. The board shall exercise general supervision
in all matters related to the provision of medical services provided by physicians, as defined
in Section 25-5-310, rendered to workers under this article. The duties of the board shall
include, but are not limited to, the following: (1) Study, develop, and implement any necessary
and reasonable guidelines for medical services and physician care provided by physicians.
In addition, with respect to services provided by physicians, the board shall study, develop,
and recommend to the secretary uniform medical criteria and policies for the conduct of utilization
review, bill screenings, and medical necessity determinations for use by insurance carriers,
self-insurers, and claims administrators. (2) Study, design, and implement standardized uniform
claims processing forms and forms for the reporting of medical information to employers and
insurance companies by physicians. (3) Address and give...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-312.htm - 3K - Match Info - Similar pages
27-27-32
Section 27-27-32 Contingent liability of members of domestic mutual insurers - Levy of assessments.
(a) If at any time the assets of a domestic mutual insurer are less than its liabilities and
the minimum amount of surplus required to be maintained by it under this title for authority
to transact the kinds of insurance being transacted and the deficiency is not cured from other
sources, its directors shall levy an assessment only upon its members who held policies providing
for contingent liability at any time within the 12 months preceding the date notice of such
assessment was mailed to them, and such members shall be liable to the insurer for the amount
so assessed. (b) The assessment shall be for such an amount as is required to cure such deficiency
and to provide a reasonable amount of working funds above such minimum amount of surplus,
but such working funds so provided shall not exceed five percent of the insurer's liabilities
as of the date as of which the amount of such...
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27-29-4
Section 27-29-4 Registration of insurers. (a)(1) Every insurer which is authorized to do business
in this state and which is a member of an insurance holding company system shall register
with the commissioner, except a foreign insurer subject to registration requirements and standards
adopted by statute or regulation in the jurisdiction of its domicile which are substantially
similar to those contained in this section and both of the following: a. Subdivision (1) of
subsection (a) of Section 27-29-5, and subsections (b) and (d) of Section 27-29-5. b. Either
subdivision (2) of subsection (a) of Section 27-29-5 or a provision such as the following:
Each registered insurer shall keep current the information required to be disclosed in its
registration statement by reporting all material changes or additions within 15 days after
the end of the month in which it learns of each change or addition. (2) Any insurer which
is subject to registration under this section shall register within 15...
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27-3-6.1
Section 27-3-6.1 Authority to transact insurance - Kind or combinations of kinds - Closing
or settlement protection. (a) Notwithstanding the provisions of subdivision (3) of Section
27-3-6, a title insurer may issue closing or settlement protection to a person who is a party
to a transaction in which a title insurance policy will be issued. (b) The form of closing
or settlement protection shall be submitted to and approved by the commissioner. (c) The closing
or settlement protection may indemnify a person only against loss of closing or settlement
funds because of one of the following acts of a settlement agent, such as a title insurance
agent or other settlement service provider which has been approved by the title insurer for
such protection, under the terms and conditions of the closing protection as approved by the
commissioner: (1) Theft or misappropriation of settlement funds in connection with a transaction
in which a title insurance policy or title insurance policies will be...
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27-34-26
Section 27-34-26 Beneficiaries. (a) The member shall have the right at all times to change
the beneficiary, or beneficiaries, in accordance with the constitution, laws, or rules of
the society. Every society by its constitution, laws, or rules may limit the scope of beneficiaries
and shall provide that no beneficiary shall have or obtain any vested interest in the proceeds
of any certificate until the certificate has become due and payable in conformity with the
provisions of the insurance contract. (b) A society may make provision for the payment of
funeral benefits to the extent of such portion of any payment under a certificate as might
reasonably appear to be due to any person equitably entitled thereto by reason of having incurred
expense occasioned by the burial of the member, but the portion so paid shall not exceed the
sum of $500.00. (c) If, at the death of any member, there is no lawful beneficiary to whom
the insurance benefits are payable, the amount of such benefits,...
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27-7-4.2
Section 27-7-4.2 Licenses - Applicability to insurance producer. (a) Nothing in this chapter
shall be construed to require an insurer to obtain an insurance producer license. In this
section, the term "insurer" does not include an insurer's officers, directors, employees,
subsidiaries, or affiliates. (b) A license as an insurance producer shall not be required
of any of the following: (1) An officer, director, or employee of an insurer or of an insurance
producer, provided that the officer, director, or employee does not receive any commission
on policies written or sold to insure risks residing, located, or to be performed in this
state and any of the following: a. The officer, director, or employee's activities are executive,
administrative, managerial, clerical, or a combination of these, and are only indirectly related
to the sale, solicitation, or negotiation of insurance. b. The officer, director, or employee's
function relates to underwriting, loss control, inspection, or the...
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27-7-5.3
Section 27-7-5.3 Licenses - Limited license for self-service storage facility. (a) As used
in this section, the following terms shall have the following meanings: (1) LIMITED LICENSEE.
A person or entity authorized to sell certain coverages for personal property maintained in
self-service storage facilities pursuant to this section. (2) OCCUPANT. A person, his or her
sublessee, successor, or assign entitled to the use of the storage space at a self-service
storage facility under a rental agreement, to the exclusion of others. (3) OWNER. The owner,
operator, lessor, or sublessor of a self-service storage facility, his or her agent, or any
other person authorized by him or her to manage the self-service storage facility or to receive
rent from an occupant under a rental agreement. (4) PERSONAL PROPERTY. Any movable property
not affixed to land including, but not limited to, goods, wares, merchandise, motor vehicles,
watercraft, and household items and furnishings. (5) RENTAL AGREEMENT....
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