Section 27-22-40 Purpose, intent, short title. (a) The purpose of this article is to set forth the rights Alabama homeowners have with respect to their insurance policies and with insurance companies. (b) It is the intent of this article to improve homeowners understanding of their policies and to better enable a policyholder to understand their […]
Section 27-22-41 Applicability; definitions. (a) This article shall apply to all insurance companies authorized under a certificate of authority for property insurance and writing homeowners and other personal lines residential property insurance policies in the State of Alabama. (b) For purposes of this article, the term “personal lines residential property insurance” shall include condominium insurance, […]
Section 27-22-42 Policyholders Bill of Rights. The following shall serve as the minimum standards to be followed by the Alabama Department of Insurance in exercising the department’s powers and duties in regulating insurance companies pursuant to Chapter 12. The Department of Insurance and insurance companies shall post this list or an electronic link of this […]
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 […]
Section 27-22-44 Cause of action Any violation of this article or any provision therein shall be enforceable only by the Department of Insurance as provided herein. Nothing in this article shall be used to provide a basis for a private cause of action. This article does not operate to expand coverage beyond the coverage provided […]
Section 27-22-45 Violations and penalties. The failure of an insurance company writing homeowners personal lines residential property coverage insurance policies in this state to comply with the material provisions of this article shall be a violation of the Unfair Trade Practices Act as set forth in Section 27-12-1 et seq. of the Alabama Insurance Code. […]
