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27-23-21
Section 27-23-21 Reasons for cancellation. (a) No notice of cancellation of a policy of automobile
liability insurance shall be effective unless it is based on one or more of the following
reasons: (1) Nonpayment of premium; (2) The policy was obtained through a material misrepresentation;
(3) Any insured violated any of the terms and conditions of the policy; (4) The named insured
failed to disclose fully his motor vehicle accidents and moving traffic violations for the
preceding 36 months if called for in the application; (5) The named insured failed to disclose
in his written application or in response to inquiry by his broker, or by the insurer or its
agent information necessary for the acceptance or proper rating of the risk; (6) Any insured
made a false or fraudulent claim or knowingly aided or abetted another in the presentation
of such a claim; (7) Failure to maintain membership in any group or organization when such
membership is a prerequisite to the purchase of such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-23-21.htm - 4K - Match Info - Similar pages
41-14A-9
Section 41-14A-9 Procedures for payment of losses. (a) When the State Treasurer becomes aware
that a default or insolvency has occurred, the State Treasurer shall provide notice as required
in subsection (b) and implement the following procedures: (1) The State Treasurer shall obtain
information from the Superintendent of Banks of the State Banking Department or the receiver
of the qualified public depository in default in order to ascertain the amount of funds of
each public depositor on deposit at such depository and the amount of deposit insurance applicable
to such deposits. (2) The potential loss to public depositors shall be calculated by compiling
claims received from public depositors. The State Treasurer shall validate claims of public
depositors who filed claims under subsection (b) and which have been confirmed under subdivision
(1). (3) The loss to public depositors shall be satisfied, insofar as possible, first through
any applicable deposit insurance and then through the...
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5-17-19
Section 5-17-19 Insurance and reserves. (a) Every credit union shall set aside such regular
reserves as are required to be set aside by the credit union in order to maintain insurance
of member accounts under the provisions of Title II of the Federal Credit Union Act. Additionally,
any credit union may be required by the Administrator of the Alabama Credit Union Administration
to maintain any special reserves which the administrator finds are necessary under the particular
circumstances to protect the interests of the members. (b) Any credit union hereafter organized
under this chapter shall be prohibited by the Administrator of the Alabama Credit Union Administration
from beginning the active conduct of business until such time as such credit union has obtained
insurance of member accounts either under the provisions of Title II of the Federal Credit
Union Act or has obtained approval for private insurance under a private insurance program
or carrier. (c) Any credit union which has...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-19.htm - 3K - Match Info - Similar pages
16-47-77
Section 16-47-77 Board of Dental Scholarship Awards - Powers and duties. The Board of Dental
Scholarship awards shall have power and authority to make reasonable rules and regulations
not inconsistent with the laws of this state as may be necessary for the regulation of its
proceedings and for the discharge of the duties imposed on it. The board shall receive and
review all applications for scholarship loans and awards, and for loans awarded under the
Alabama Dental Service Program, shall make a careful and thorough investigation of the ability,
character, and qualifications of each applicant, and shall be responsible for the further
administration of the scholarship loans and awards and of the program, subject to the provisions
of this article. Also, the board annually shall report on the condition and accomplishments
of the program to the Governor, Lieutenant Governor, Speaker of the House, President Pro-Tem
of the Senate and the chairs of the House and Senate health committees. The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-47-77.htm - 1K - Match Info - Similar pages
27-19-53
Section 27-19-53 Standards for policy provisions; limitations of benefits. (a) The commissioner
shall issue reasonable regulations to establish specific standards for policy provisions of
Medicare supplement policies and certificates. The standards shall be in addition to and in
accordance with applicable laws of this state, including Article 1 and Chapter 20. No requirement
of this title relating to minimum required policy benefits, other than the minimum standards
contained in this article, shall apply to Medicare supplement policies and certificates. The
standards may cover but shall not be limited to the following: (1) Terms of renewability.
(2) Initial and subsequent conditions of eligibility. (3) Nonduplication of coverage. (4)
Probationary periods. (5) Benefit limitations, exceptions, and reductions. (6) Elimination
periods. (7) Requirements for replacement. (8) Recurrent conditions. (9) Definition of terms.
(b) The commissioner may issue reasonable regulations that specify...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-19-53.htm - 2K - Match Info - Similar pages
27-22-43
Section 27-22-43 Outline of coverage and comprehensive policy checklist. (a) No homeowners
personal lines residential property coverage insurance policy shall be delivered or issued
for delivery in this state unless an appropriate outline of coverage and comprehensive policy
checklist have been delivered to the policyholder prior to issuance, within 30 days after
issuance of the policy under separate cover, or included in the policy when issued or mailed.
The comprehensive policy checklist shall contain a list of provisions and elements, whether
or not they are included in the policy being issued, in a format that allows the insurer to
indicate what is and what is not included in the policy being issued. The outline of coverage
and comprehensive checklist shall provide information on the policy and may, but is not required
to, include coverage by endorsement. (b) To be in compliance with this section, an insurer
may use an approved outline of coverage and comprehensive policy...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-22-43.htm - 4K - Match Info - Similar pages
27-42-5
Section 27-42-5 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ACCOUNT. Any one
of the three accounts created by Section 27-42-6. (2) AFFILIATE. A person who directly, or
indirectly, through one or more intermediaries, controls, is controlled by, or is under common
control with another person on December 31 of the year immediately preceding the date the
insurer becomes an insolvent insurer. (3) ASSOCIATION. The Alabama Insurance Guaranty Association
created under Section 27-42-6. (4) CLAIMANT. Any insured making a first party claim or any
person instituting a liability claim. The term does not include a person who is an affiliate
of an insolvent insurer. (5) COMMISSIONER. The Commissioner of Insurance of the State of Alabama.
(6) CONTROL. The possession, direct or indirect, of the power to direct or cause the direction
of the management and policies of a person, whether...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-42-5.htm - 5K - Match Info - Similar pages
36-29-6
Section 36-29-6 Authorization and execution of contracts; documentation of benefits. (a) The
board is hereby authorized to execute a contract or contracts to provide the plan determined
in accordance with the provisions of this chapter. Such contract or contracts may be executed
with one or more agencies or corporations licensed to transact or administer group health
insurance business in this state. All of the benefits to be provided under this chapter may
be included in one or more similar contracts issued by the same or different companies. (b)
Before entering into any contract or contracts authorized by subsection (a) of this section,
the board shall invite competitive bids from all qualified entities who may wish to administer
or offer plans for the health insurance coverage desired. The board shall award such contract
or contracts on a competitive basis as determined by the benefits afforded, administrative
costs, the costs to be incurred by employee, retiree, and employer, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-29-6.htm - 3K - Match Info - Similar pages
40-18-310
Section 40-18-310 Definitions. As used in this article, the following terms shall have the
following meanings: (1) CATASTROPHE SAVINGS ACCOUNT. A regular savings account or money market
account established by an insurance policyholder who is a state income taxpayer for residential
property in this state to cover an insurance deductible under an insurance policy for the
taxpayer's legal residence property that covers hurricane, rising floodwaters, or other catastrophic
windstorm event damage or by an individual to cover self-insured losses for the taxpayer's
legal residence from a hurricane, rising floodwaters, or other catastrophic windstorm event.
The account must be labeled as a catastrophe savings account in order to qualify as a catastrophe
savings account as defined in this article. A taxpayer may establish only one catastrophe
savings account and shall specify that the purpose of the account is to cover the amount of
insurance deductibles and other uninsured portions of risks of...
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27-14-19.1
Section 27-14-19.1 Electronic delivery of property or casualty insurance policy. (a) As used
in this section, each of the following words shall have the following meanings: (1) DELIVERED
BY ELECTRONIC MEANS or ELECTRONIC DELIVERY. Any of the following: a. Delivery to an electronic
mail address at which a party has consented to receive notices or documents. b. Posting on
an electronic network or site accessible via the Internet, mobile application, computer, mobile
device, tablet, or any other electronic device, together with separate notice of the posting
which shall be provided 1. by electronic mail to the address at which the party has consented
to receive notice or 2. by any other delivery method that has been consented to by the party.
(2) PARTY. A recipient of any notice or document required as part of an insurance transaction,
including, but not limited to, an applicant, an insured, a policyholder, or an annuity contract
holder. (b) Subject to the requirements of this section,...
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