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27-55-3
Section 27-55-3 Prohibited practices; disclosure of information. (a) No insurer may:
(1) Deny, refuse to issue, renew, or reissue, cancel, or otherwise terminate, restrict, or
exclude coverage on an insurance policy or health benefit plan on the basis of an applicant's
or insured's abuse status, or on the basis of any association, relationship, or assistance
to a subject of abuse. (2) Exclude or limit coverage for a loss, deny benefits, or deny a
claim on the basis of the insured's abuse status, or on the basis of any association, relationship,
or assistance to a subject of abuse, except as otherwise permitted or required by the laws
of this state relating to acts of abuse committed by a life insurance beneficiary. Notwithstanding
anything to the contrary in this section, a liability insurer may include policy provisions
providing that a payment required by this subsection may be denied or, if paid, recovered
by the insurer from the insured, if the claim arose out of an act of abuse by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-55-3.htm - 8K - Match Info - Similar pages
27-20-1
Section 27-20-1 Group disability insurance - Eligible groups. Group disability insurance
is hereby declared to be that form of disability insurance covering groups of persons as defined
in this section, with or without one or more members of their families or one or more
of their dependents, or covering one or more members of the families or one or more dependents
of such groups of persons, and issued upon the following basis: (1) Under a policy issued
to an employer or trustees of a fund established by an employer, who shall be deemed the policyholder,
insuring employees of such employer for the benefit of persons other than the employer. The
term "employees" as used in this subdivision shall be deemed to include the officers,
managers, and employees of the employer, the individual proprietor or partner if the employer
is an individual proprietor or partnership, the officers, managers, and employees of subsidiary
or affiliated corporations and the individual proprietors, partners, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-20-1.htm - 4K - Match Info - Similar pages
27-36A-7
Section 27-36A-7 Computation of minimum standard by calendar year of issue. (a) The
interest rates used in determining the minimum standard for the valuation of the following
shall be the calendar year statutory valuation interest rates as defined in this section:
(1) Life insurance policies issued in a particular calendar year, on or after the operative
date of Section 27-15-78. (2) Individual annuity and pure endowment contracts issued
in a particular calendar year on or after January 1, 1982. (3) Annuities and pure endowments
purchased in a particular calendar year on or after January 1, 1982, under group annuity and
pure endowment contracts. (4) The net increase, if any, in a particular calendar year after
January 1, 1982, in amounts held under guaranteed interest contracts. (b) Calendar year statutory
valuation interest rates. (1) The calendar year statutory valuation interest rates, I, shall
be determined as follows and the results rounded to the nearest one-quarter of one...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-36A-7.htm - 12K - Match Info - Similar pages
32-7A-11
Section 32-7A-11 Online insurance verification system - Notification upon inability
to verify existing insurance; proof of coverage; penalties. (a)(1) When the department is
unable to verify that liability insurance coverage exists for a motor vehicle registered or
required to be registered in this state, the department shall send the registrant notice via
U.S. mail at the last known address as reflected on the department's motor vehicle registration
records. The notice shall require that the registrant, within 30 calendar days of the date
of the notice, provide evidence of continuous liability insurance coverage for the vehicle
for the period specified by the department. The registration will be suspended unless either:
a. The registrant responds within the required time frame and the response establishes that
the registrant has not had a lapse in liability insurance coverage. The department shall then
indicate in its records that the insured is in compliance with this chapter. b. The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7A-11.htm - 4K - Match Info - Similar pages
8-32-2
Section 8-32-2 Definitions. As used in this chapter, the following terms shall have
the following meanings: (1) ADMINISTRATOR. The person designated by a provider to be responsible
for the administration of service contracts or the service contracts plan or to make the filings
required by this chapter. (2) COMMISSIONER. The Commissioner of Insurance of this state. (3)
CONSUMER. A natural person who buys, primarily for personal, family, or household purposes,
and not for resale, any tangible personal property normally used for personal, family, or
household purposes and not for commercial or research purposes. (4) MAINTENANCE AGREEMENT.
A contract of limited duration that provides for scheduled maintenance only. (5) MANUFACTURER.
A person that is one of the following: a. A manufacturer or producer of property that sells
the property under its own name or label. b. A subsidiary of the person who manufactures or
produces the property. c. A corporation which owns at least 80 percent of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-32-2.htm - 6K - Match Info - Similar pages
11-91A-3
Section 11-91A-3 Employee, retiree, and dependent coverage; premiums; summary documents.
(a) All full-time employees, elected officials, and retirees of employer participants who
are eligible for health care benefits for themselves or their dependents under the provisions
of the program shall be entitled to coverage and benefits as designated by the board. (b)
Each employee and retiree shall be entitled to have his or her spouse and dependent children,
as those persons are defined by the board, included in the coverage under rules and regulations
promulgated by the board upon agreeing to pay the employee's contribution of the health care
premium for the dependents. The board shall adopt rules and regulations governing the discontinuance
and resumption of coverage for dependents by the employees and retirees. The board shall adopt
rules governing the discontinuance and resumption of coverage for dependents by the employees
and retirees. (c) The board shall establish premiums required...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-91A-3.htm - 2K - Match Info - Similar pages
27-25-4.8
Section 27-25-4.8 Implementation. (a) The commissioner, by rule pursuant to Chapter
2, may provide for the implementation of the requirements of this chapter. (b) Each title
insurance agent certificate of authority in force prior to January 1, 2013, shall be issued
a replacement title insurance agent license and appointment upon payment of the annual fee
in the amount set forth in Section 27-25-4 prior to January 1, 2013. A replacement
title insurance agent shall be authorized to continue to issue title insurance policies in
the same manner as permitted in Section 27-25-4 prior to January 1, 2013. (c) A replacement
title insurance agent license issued in accordance with subsection (b) shall be valid for
six months, during which time the person shall satisfy the requirements for a title insurance
agent license pursuant to Sections 27-25-4.1 and 27-25-4.3 or the replacement license shall
thereupon expire and be canceled. The appointment issued in accordance with subsection (b)
shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-25-4.8.htm - 2K - Match Info - Similar pages
27-37-1
Section 27-37-1 Assets - Generally. In any determination of the financial condition
of an insurer, there shall be allowed as assets only such assets as are owned by the insurer
and which consist of: (1) Cash in the possession of the insurer or in transit under its control,
and including the true balance of any deposit in a solvent bank or trust company; (2) Investments,
securities, properties, and loans acquired, or held, in accordance with this title and in
connection therewith the following items: a. Interest due or accrued on any bond or evidence
of indebtedness which is not in default and which is not valued on a basis including accrued
interest; b. Declared and unpaid dividends on stock and shares, unless such amount has otherwise
been allowed as an asset; c. Interest due or accrued upon a collateral loan in an amount not
to exceed one year's interest thereon; d. Interest due or accrued on deposits in solvent banks
and trust companies, and interest due or accrued on other assets,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-37-1.htm - 4K - Match Info - Similar pages
27-15-7
Section 27-15-7 Life insurance policy provisions - Dividends. There shall be a provision
in participating policies that, beginning not later than the end of the third policy year,
the insurer shall annually ascertain and apportion the divisible surplus, if any, that will
accrue on the policy anniversary or other dividend date specified in the policy, provided
the policy is in force and all premiums to that date are paid. Except as provided in this
section, any dividend becoming payable shall, at the option of the party entitled to
elect such option, be either: (1) Payable in cash; or (2) Applied to any one of such other
dividend options as may be provided by the policy. If any such other dividend options are
provided, the policy shall further state which option shall be automatically effective if
such party shall not have elected some other option. If the policy specifies a period within
which such other dividend option may be elected, such period shall be not less than 30 days...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-7.htm - 2K - Match Info - Similar pages
41-10-44.6
Section 41-10-44.6 Project obligations generally. (a) Issuance of project obligations.
The authority is authorized and empowered to issue its project obligations from time to time
for the purpose of financing one or more projects in such aggregate principal amount as the
board of directors shall determine to be necessary to provide for all or a portion of the
project costs of the project or projects being financed and to pay the expenses of issuing
the project obligations. (b) Source of payment. All project obligations issued by the authority
shall be limited obligations of the authority payable solely from any combination of the following:
(1) The revenues and receipts of the authority derived from the financing agreement or agreements
entered into by the authority with respect to the project or projects financed by such project
obligations; (2) the income or proceeds realized by the authority under any mortgage or other
security granted to the authority; (3) amounts derived from any...
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