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27-12A-20
Section 27-12A-20 Fraud warning. (a) A fraud warning shall be included on at least one of the
following: Claim release forms, applications, reinstatements for insurance, participation
agreements, declaration pages, and claim documents, regardless of the method or form of transmission
and shall contain the following statement or a substantially similar statement: "Any
person who knowingly presents a false or fraudulent claim for payment of a loss or benefit
or who knowingly presents false information in an application for insurance is guilty of a
crime and may be subject to restitution, fines, or confinement in prison, or any combination
thereof." (b) The lack of a statement required by subsection (a) shall not constitute
a defense in any prosecution for insurance fraud. (c) Policies issued by unauthorized insurers
shall contain a statement disclosing the status of the insurer to do business in the state
where the policy is delivered or issued for delivery or the state where coverage is...
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27-15-16
Section 27-15-16 Annuity and pure endowment contract provisions - Generally. (a) No annuity
or pure endowment contract, other than reversionary annuities, survivorship annuities, or
group annuities and except as stated in this section, shall be delivered or issued for delivery
in this state unless it contains in substance each of the provisions specified in Sections
27-15-17 through 27-15-22. Any of such provisions not applicable to single premium annuities
or single premium pure endowment contracts shall not, to that extent, be incorporated therein.
(b) This section shall not apply to contracts for deferred annuities included in, or upon
the lives of beneficiaries under, life insurance policies. (Acts 1971, No. 407, p. 707, §361.)...
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27-3-16
Section 27-3-16 Lloyd's insurers. Aggregations of individuals as underwriters, whether domestic,
foreign, or alien, assuming insurance risks upon the plan known as "Lloyd's," whereby
each underwriter is liable for the proportionate part assumed by him of the whole amount so
insured by a policy issued by such underwriters, may be authorized to transact any kind, or
kinds, of insurance in this state other than life or title insurances if the insurer is otherwise
in compliance with this title, subject to the following conditions: (1) If a foreign or alien
insurer, it must have successfully been in business as an authorized insurer in the state
or country of domicile for at least 10 years. (2) If a domestic insurer, it must file with
the commissioner evidence, satisfactory to him, that it has been soundly organized and that
its insurance operations will, at all times, be competently conducted by individuals having
the necessary experience in insurance underwriting and management to do so,...
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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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38-15-7
Section 38-15-7 Quarterly inspections; information provided to department; information provided
to parents, guardians, etc. (a) All youth residential facilities and organizations under this
section shall be subject to a quarterly inspection by the department or its designee at a
minimum and shall be responsible for providing necessary information as determined by the
department to ensure the safety and welfare of residents. All youth residential facilities
and organizations under this chapter shall provide at a minimum the following to the department
upon request: (1) The names of all children currently enrolled, registered, or housed at the
facility or program. (2) The names of all personnel currently employed or contracted for employment
for or at the facility, institution, or program. (3) The plan of operation, all written policies,
procedures, and standard practices. (4) The child-to-staff ratios. (5) The staff qualifications
and proof of training. (6) Proof of the implementation...
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27-1-17.1
Section 27-1-17.1 Payment of providers through electronic funds transfer methods. (a) As used
in this section, the following words shall have the following meanings: (1) ACH ELECTRONIC
FUNDS TRANSFER. An electronic funds transfer through the Health Insurance Portability and
Accountability Act (HIPPA) standard Automated Clearing House network. (2) COVERED HEALTH CARE
PROVIDER. A physician as defined in Section 34-24-50.1; a dentist as defined in Section 34-9-1;
a chiropractor as defined in Section 34-24-120; an individual engaged in the practice of optometry
as defined in Section 34-22-1; other licensed health care professionals as defined in Title
34; a hospital as defined in Section 22-21-20; and a health care facility, or other provider
who or that is accredited, licensed, or certified and who or that is performing within the
scope of that accreditation, license, or certification. (3) HEALTH INSURANCE PLAN. Any hospital
and medical expense incurred policy, health maintenance...
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27-6-2
Section 27-6-2 Deposits of insurers - Purposes for which held. Such deposits shall be held
for purposes as follows: (1) Deposits made in this state under Sections 27-3-11, 27-3-12,
and 27-3-14 of this title shall be held for the purposes stated in the respective sections;
(2) A deposit made in this state by a domestic insurer transacting insurance in another state,
province or country and as required by the laws of such state, province, or country shall
be held for the protection of the insurer's policyholders or policyholders and creditors;
(3) Deposits of reserves made by domestic life insurers under laws heretofore in force shall
be held for the purpose or purposes specified in such laws or in the policies or contracts
by which such deposit was required or declared; and (4) Deposits required pursuant to the
retaliatory provision, Section 27-3-29, shall be held for such purposes as are required by
such laws and as specified by the commissioner's order by which the deposit is...
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27-27-7
Section 27-27-7 Solicitation permit - Issuance; contents; compliance with terms. (a) Upon the
filing of any bond required by Sections 27-27-10 or 27-27-16, after notice by the commissioner
provided for in subsection (a) of Section 27-27-6, or upon his decision to grant a solicitation
permit if such a bond is not so required, the commissioner shall issue to the applicant or
to the newly formed corporation, if the application is on behalf of a newly formed incorporated
domestic insurer, a solicitation permit. Every solicitation permit issued by the commissioner
shall contain provisions in substance as follows: (1) State the securities or other rights
or interests for which subscriptions are to be solicited, the number, classes, par value,
and selling price thereof, or identify the insurance contract, or contracts, for which applications
and advance premiums or deposits of premium are to be solicited in the case of mutual or reciprocal
insurers; (2) Require that any particular class 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7-23.htm - 2K - Match Info - Similar pages
27-14-18
Section 27-14-18 Binders. (a) Binders or other contracts for temporary insurance may be made
orally or in writing and shall be deemed to include all the usual terms of the policy as to
which the binder was given, together with such applicable endorsements as are designated in
the binder, except as superseded by the clear and express terms of the binder. (b) No binder
shall be valid beyond the issuance of the policy with respect to which it was given or beyond
90 days from its effective date, whichever period is the shorter. (c) If the policy has not
been issued, a binder may be extended or renewed beyond such 90 days with the written approval
of the commissioner or in accordance with such rules and regulations relative thereto as the
commissioner may promulgate. (d) This section shall not apply to life or disability insurances.
(Acts 1971, No. 407, p. 707, §331.)...
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