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25-5-8
Section 25-5-8 Employers' options to secure payment of compensation. (a) Option to insure risks.
An employer subject to this chapter may secure the payment of compensation under this chapter
by insuring and keeping insured his or her liability in some insurance corporation, association,
organization, insurance association, corporation, or association formed of employers and workers
or formed by a group of employers to insure the risks under this chapter, operating by mutual
assessment or other plans or otherwise. Notwithstanding the foregoing, the insurance association,
organization, or corporation shall have first had its contract and plan of business approved
in writing by the Commissioner of the Department of Insurance of Alabama and have been authorized
by the Department of Insurance to transact the business of workers' compensation insurance
in this state and under the plan. Notwithstanding any other provision of the law to the contrary,
the obligations of employers under law for...
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27-42-8
Section 27-42-8 Powers and duties. (a) The association shall: (1)a. Be obligated to pay covered
claims existing prior to the order of liquidation arising within 30 days after the order of
liquidation, or before the policy expiration date if less than 30 days after the order of
liquidation, or before the insured replaces the policy or causes its cancellation, if he or
she does so within 30 days of the order of liquidation. The obligation shall be satisfied
by paying to the claimant an amount as follows: 1. The full amount of a covered claim for
benefits under workers' compensation insurance coverage. 2. An amount not exceeding ten thousand
dollars ($10,000) per policy for a covered claim for the return of unearned premium. 3. An
amount not exceeding three hundred thousand dollars ($300,000) or the policy limits, whichever
is less, per claim for all covered claims. For purposes of this limitation, all claims of
any kind whatsoever arising out of, or related to, bodily injury or death to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-42-8.htm - 10K - Match Info - Similar pages
36-27-6
Section 36-27-6 Participation of employees of counties, cities, towns, public or quasi-public
organizations, etc. - Generally. (a) The governing board of any county, city, town or public
or quasi-public organization of the state or of any political subdivision thereof or the Alabama
Extension Service and Agricultural Experiment Station System of Auburn University may, by
resolution legally adopted to conform to rules prescribed by the Board of Control, elect to
have its officers and employees from whatever sources and in whatever manner paid become eligible
to participate in the retirement system; and the Adjutant General of the state, with the approval
of the Governor, may, by application properly prepared and submitted in conformity with rules
prescribed by the Board of Control, elect to have those employees of the Alabama National
Guard employed pursuant to 32 U.S.C.A., Section 709, and paid from federally appropriated
funds, become eligible to participate in this retirement system....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-6.htm - 16K - Match Info - Similar pages
27-34-22
Section 27-34-22 Members - Payment of equitable part of deficiency. A society shall provide
in its constitution or laws that if its reserves as to all or any class of certificates become
impaired, its board of directors, or corresponding body, may require that there shall be paid
by the member of the society the amount of the member's equitable proportion of such deficiency
as ascertained by its board and that, if the payment is not made, it shall stand as an indebtedness
against the member's certificate and draw interest not to exceed five percent per annum, compounded
annually. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §693.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-34-22.htm - 957 bytes - Match Info - Similar pages
27-19-38
Section 27-19-38 Coverage of newly born children in health insurance policies. (a) All individual
and group health insurance policies providing coverage on an expense-incurred basis and individual
and group service or indemnity type contracts issued by a nonprofit service corporation which
provide coverage for a family member of the insured or subscriber shall, as to such family
members' coverage, also provide that the health insurance benefits applicable for children
shall be payable with respect to a newly born child of the insured or subscriber from the
moment of birth. (b) The coverage for newly born children shall consist of coverage of injury
or sickness including the necessary care and treatment of medically diagnosed congenital defects
and birth abnormalities, but need not include benefits for routine well-baby care. (c) The
requirements of this section shall apply to all insurance policies and subscriber contracts
renewed, delivered, or issued for delivery in this state, 60...
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27-20-7
Section 27-20-7 Blanket disability insurance - Payment of benefits. All benefits under any
blanket disability policy shall be payable to the person insured, or to his employer, or to
his designated beneficiary or beneficiaries or to his estate; except, that if the person insured
be a minor or mental incompetent, such benefits may be made payable to his parent, guardian,
or other person actually supporting him, or, if the entire cost of the insurance has been
borne by the employer, such benefits may be made payable to the employer; provided, however,
that the policy may provide that all, or any portion, of any indemnities provided by such
policy on account of hospital, nursing, medical, or surgical services may, at the insurer's
option, be paid directly to the hospital or person rendering such services; but the policy
may not require that the service be rendered by a particular hospital or person. Payment so
made shall discharge the insurer's obligation with respect to the amount of...
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27-20-2
Section 27-20-2 Group disability insurance - Mandatory policy provisions. Each such group disability
insurance policy shall contain in substance the following provisions: (1) A provision that,
in the absence of fraud, all statements made by applicants, or the policyholders or by an
insured person shall be deemed representations and not warranties and that no statement made
for the purpose of effecting insurance shall void such insurance or reduce benefits unless
contained in a written instrument signed by the policyholder or the insured person, a copy
of which has been furnished to such policyholder or to such person or his beneficiary; (2)
A provision that the insurer will furnish to the policyholder for delivery to each employee,
or member of the insured group, a statement in summary form of the essential features of the
insurance coverage of such employee or member and to whom benefits thereunder are payable.
If dependents are included in the coverage, only one certificate need be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-20-2.htm - 1K - Match Info - Similar pages
27-34-21
Section 27-34-21 Members - Qualifications for membership. (a) A society may admit to benefit
membership any person not less than 15 years of age, nearest birthday, who has furnished evidence
of insurability acceptable to the society. Any such member who shall apply for additional
benefits more than six months after becoming a benefit member shall furnish additional evidence
of insurability acceptable to the society. (b) Any person admitted prior to attaining the
full age of 19 years shall be bound by the terms of the application and certificate and by
all the laws and rules of the society and shall be entitled to all the rights and privileges
of membership therein to the same extent as though the age of majority had been attained at
the time of application. A society may also admit general or social members who shall have
no voice or vote in the management of its insurance affairs. (Acts 1911, No. 476, p. 700;
Acts 1931, No. 55, p. 71; Acts 1971, No. 407, p. 707, §692.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-34-21.htm - 1K - 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
27-34-12
Section 27-34-12 Preliminary certificate - Initial solicitations and qualifications. Upon receipt
of a preliminary certificate from the commissioner, the society may solicit members for the
purpose of completing its organization, shall collect from each applicant the amount of not
less than one regular monthly premium in accordance with its table of rates as provided by
its constitution and laws and shall issue to each such applicant a receipt for the amount
so collected. No society shall incur any liability other than for the return of such advance
premium, nor issue any certificate, nor pay, allow, or offer or promise to pay or allow any
death or disability benefit to any person until: (1) Actual bona fide applications for death
benefits have been secured aggregating at least $500,000.00 on not less than 500 lives; (2)
All such applicants for death benefits shall have furnished evidence of insurability satisfactory
to the society; (3) Certificates of examinations or acceptable...
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