Section 27-19-54 – Minimum Standards for Benefits, Compensation Arrangement, etc.; Conformity With Federal Provisions.
Section 27-19-54 Minimum standards for benefits, compensation arrangement, etc.; conformity with federal provisions. (a) The commissioner shall issue reasonable regulations to establish minimum standards for benefits, claims payment, marketing practices, compensation arrangements, and reporting practices, for Medicare supplement policies and certificates. For the purposes of this section, the term compensation arrangements shall not include payment […]
Section 27-19-108 – Promulgation of Rules and Regulations.
Section 27-19-108 Promulgation of rules and regulations. The commissioner shall issue reasonable regulations to promote premium adequacy and to protect the policyholder in the event of substantial rate increases, and to establish minimum standards for marketing practices, agent compensation, agent testing, penalties, and reporting practices for long-term care insurance. (Act 2000-795, p. 1876, §5.)
Section 27-19-30 – Provisions of Other Jurisdictions.
Section 27-19-30 Provisions of other jurisdictions. (a) Any policy of a foreign or alien insurer, when delivered or issued for delivery to any person in this state, may contain any provision which is not less favorable to the insured or the beneficiary than the provisions of this article and which is prescribed or required by […]
Section 27-19-55 – Standards for Loss Ratios.
Section 27-19-55 Standards for loss ratios. Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premium charged. The commissioner shall issue reasonable regulations to establish minimum standards for loss ratios of Medicare supplement policies on the basis of incurred claims experience, or incurred health care expenses where coverage is […]
Section 27-19-109 – Penalties.
Section 27-19-109 Penalties. In addition to any other penalties provided by the laws of this state, any insurer and any agent found to have violated any requirement of this state relating to the regulation of long-term care insurance or the marketing of this insurance shall be subject to a fine of up to three times […]
Section 27-19-31 – Renewability.
Section 27-19-31 Renewability. (a) Every individual policy of insurance providing hospital, medical, or surgical benefits in which an insurer reserves the right to refuse renewal on an individual basis shall provide, in substance, in a provision thereof, or in an endorsement thereon or in a rider attached thereto that, subject to the right to terminate […]
Section 27-19-56 – Outline of Coverage; Disclosure of Information.
Section 27-19-56 Outline of coverage; disclosure of information. (a) In order to provide for full and fair disclosure in the sale of Medicare supplement policies, no Medicare supplement policy shall be delivered or issued for delivery in this state and no certificate shall be delivered pursuant to a group Medicare supplement policy delivered or issued […]
Section 27-19-110 – Relation to Chapter 2.
Section 27-19-110 Relation to Chapter 2. Regulations promulgated pursuant to this article shall be subject to Chapter 2. (Act 2000-795, p. 1876, §5.)
Section 27-19-32 – Examination and Return of Policy.
Section 27-19-32 Examination and return of policy. Every individual disability insurance policy, except single premium nonrenewable policies or contracts, issued for delivery in the State of Alabama shall have printed thereon, or attached thereto, a notice stating in substance that the person to whom the policy is issued shall be permitted to return the policy […]
Section 27-19-57 – Right of Return and Refund.
Section 27-19-57 Right of return and refund. Medicare supplement policies or certificates shall have a notice prominently printed on the first page of the policy or certificate or attached thereto stating in substance that the applicant shall have the right to return the policy or certificate within 30 days of its delivery and to have […]