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27-15-8
Section 27-15-8 Life insurance policy provisions - Loans on policy. (a) In case of policies
issued on and after the operative date of Section 21-15-28, there shall be a provision that
after the policy has a cash surrender value and while no premium is in default beyond the
grace period for payment the insurer will advance, on proper assignment or pledge of the policy
and on the sole security thereof, at a specified rate of interest not exceeding eight percent
per annum, payable in advance, an amount equal to or, at the option of the party entitled
thereto, less than the loan value of the policy. The loan value of the policy shall be at
least equal to the cash surrender value at the end of the then current policy year, provided
that the insurer may deduct, either from such loan value or from the proceeds of the loan,
any existing indebtedness not already deducted in determining such cash surrender value including
any interest then accrued but not due, any unpaid balance of the premium...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-8.htm - 2K - Match Info - Similar pages
27-15-9
Section 27-15-9 Life insurance policy provisions - Table of values and benefits. In policies
issued on and after the operative date of Section 27-15-28, there shall be a table showing
in figures the loan value and the cash surrender values and nonforfeiture benefits in accordance
with subdivision (b) (5) of Section 27-15-28, either during the first 20 policy years or during
the term of the policy, whichever is shorter. (Acts 1971, No. 407, p. 707, §354.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-9.htm - 764 bytes - Match Info - Similar pages
27-18-15
Section 27-18-15 Employee life insurance. "Employee life insurance" is that plan
of life insurance, other than salary savings life insurance or pension trust insurance and
annuities, under which individual policies are issued to the employees of any employer and
where such policies are issued on the lives of not less than three employees at date of issue.
Premiums for such policies shall be paid by the employer or the trustee of a fund established
by the employer either wholly from the employer's funds, or funds contributed by him, or partly
from such funds and partly from funds contributed by the insured employees or from funds contributed
wholly by the insured employees. (Acts 1971, No. 407, p. 707, §421.)...
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27-18-1
Section 27-18-1 Applicability of chapter. This chapter applies only as to group life insurance
contracts hereafter issued and does not apply as to group life insurance contracts heretofore
issued or to any amendment or renewal of such heretofore issued contracts. (Acts 1971, No.
407, p. 707, §407.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-18-1.htm - 606 bytes - Match Info - Similar pages
27-22-2
Section 27-22-2 Industrial fire insurance policies. (a) Industrial fire insurance policies
are policies issued by insurers writing fire and allied lines of insurance through agents
operating on the debit agency system under which system a weekly or monthly collection percentage
is paid based either on actual weekly or monthly premium collections or weekly or monthly
increases of premium collections. (b) No such policy, or such policies, covering any of the
same subjects of insurance shall be issued which provides indemnity exceeding the limits set
by the commissioner as to any one loss resulting from any, or all, of the hazards or perils
insured against. (c) No such policy shall be issued except upon a monthly or weekly premium
payment basis. No discount for premiums paid in advance shall exceed five percent for premiums
paid for six months in advance or 10 percent for premiums paid for 12 months in advance. In
no event shall premiums be collected for more than 12 months in advance....
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27-54A-2
Section 27-54A-2 Treatment under certain policies and contracts. (a) As used in this section,
the following words have the following meanings: (1) APPLIED BEHAVIOR ANALYSIS. The design,
implementation, and evaluation of environmental modifications, using behavioral stimuli and
consequences, to produce socially significant improvement in human behavior, including the
use of direct observation, measurement, and functional analysis of the relationship between
environment and behavior. (2) AUTISM SPECTRUM DISORDER. Any of the pervasive developmental
disorders or autism spectrum disorders as defined by the most recent edition of the Diagnostic
and Statistical Manual of Mental Disorders (DSM) or the edition that was in effect at the
time of diagnosis. (3) BEHAVIORAL HEALTH TREATMENT. Counseling and treatment programs, including
applied behavior analysis that are both of the following: a. Necessary to develop, maintain,
or restore, to the maximum extent practicable, the functioning of an...
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8-32-4
Section 8-32-4 Required provisions, reimbursement insurance policy. Reimbursement insurance
policies insuring service contracts sold in this state shall provide that, upon failure of
the provider to perform under the service contract, including, without limitation, failure
to refund or credit the unearned portion of the purchase price of the service contract to
the extent required by this chapter, the insurer that issued the reimbursement insurance policy
shall pay on behalf of the provider any sums the provider is legally obligated to pay to a
service contract holder, or shall provide the service which the provider is legally obligated
to perform, according to the provider's contractual obligations under the service contracts
sold by the provider. The reimbursement insurance company shall be responsible to refund only
the unearned premium net of the unearned provider fee, and the provider shall be responsible
for refunding or crediting the unearned provider fee in excess of the...
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27-14-2
Section 27-14-2 Applicability of chapter. This chapter applies as to all insurance contracts
and annuity contracts other than: (1) Reinsurance; (2) Policies or contracts not issued for
delivery in this state nor delivered in this state; (3) Wet marine and transportation insurance;
and (4) Title insurance, except as to the following provisions: a. Section 27-14-5; b. Section
27-14-8; c. Section 27-14-9; d. Section 27-14-13; e. Section 27-14-14; and f. Section 27-14-17.
(Acts 1971, No. 407, p. 707, §314.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-14-2.htm - 914 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-19-38.htm - 1K - Match Info - Similar pages
33-1-5.2
Section 33-1-5.2 Life and health insurance for certain salaried officers and employees of state
docks. (a) The Alabama State Port Authority is hereby authorized to provide and establish
a plan of life and health insurance for the salaried officers and employees of Alabama state
docks who work full time for the Alabama state docks and receive their compensation on a bi-weekly
basis and also a plan of health insurance for the spouses and dependent children of such officers
and employees and to pay the costs and premiums of such life and health insurance from the
revenues of the Alabama State Port Authority. (b) Such health insurance plan may provide for
group hospitalization, surgical, medical and dental insurance against the financial costs
of hospitalization, surgical, medical and dental treatment and care, and may also include,
among other things, prescribed drugs, medicines, prosthetic appliances, hospital in-patient
and out-patient service benefits, including major medical benefits,...
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