Section 27-43-18 – Procedure for Refusal, Suspension, Revocation, etc., of Registration of Contracting Sales Agent.
Section 27-43-18 Procedure for refusal, suspension, revocation, etc., of registration of contracting sales agent. Repealed by Act 2001-702, p. 1509, § 16, effective January 1, 2002. (Acts 1981, No. 81-719, p. 1214, §1.)
Section 27-43-19 – Imposition of Administrative Penalty in Lieu of Suspension, Revocation, etc., of Registration.
Section 27-43-19 Imposition of administrative penalty in lieu of suspension, revocation, etc., of registration. Repealed by Act 2001-702, p. 1509, § 16, effective January 1, 2002. (Acts 1981, No. 81-719, p. 1214, §1.)
Section 27-43-4 – Applicability of Chapter.
Section 27-43-4 Applicability of chapter. The insurance laws of this state, including this chapter, do not apply to: (1) Retainer contracts made by attorneys-at-law with individual clients with fees based on estimates of the nature and amount of services to be provided to the specific client and similar contracts made with a group of clients […]
Section 27-43-5 – Authorization of Prepaid Legal Expense Insurance Business Required.
Section 27-43-5 Authorization of prepaid legal expense insurance business required. (a) No person or organization may do a prepaid legal expense insurance business in this state unless authorized to do so by the commissioner. (b) This section does not apply to organizations exempt pursuant to Section 27-43-4. (Acts 1981, No. 81-719, p. 1214, §1.)
Section 27-43-6 – Insurers Deemed Eligible to Transact Legal Expense Insurance.
Section 27-43-6 Insurers deemed eligible to transact legal expense insurance. (a) Any domestic, foreign, or alien insurer authorized to transact casualty insurance or life, accident and sickness insurance in this state may transact legal expense insurance in this state. (b) Legal service insurance corporations possessing a valid certificate of authority may transact legal expense insurance […]
Section 27-43-7 – Procedure for Incorporation of Legal Services Insurance Corporation Generally.
Section 27-43-7 Procedure for incorporation of legal services insurance corporation generally. (a) Any number of corporate or adult natural persons may organize a legal service insurance corporation under this section. (b) The articles of incorporation shall conform to the requirements applicable to corporations, except that: (1) The name of the corporation shall indicate that payment […]
Section 27-43-8 – Filing of Application for Certificate of Authority; Contents of Application; Issuance of Certificate.
Section 27-43-8 Filing of application for certificate of authority; contents of application; issuance of certificate. (a) The incorporators shall file with the commissioner an application for a certificate of authority to do business upon a form to be furnished by the department, which shall include or have attached the following: (1) The names and, for […]
Section 27-43-9 – Bond or Deposit Requirements.
Section 27-43-9 Bond or deposit requirements. (a) To assure the faithful performance of its obligations in the event of insolvency, each corporation authorized under Section 27-43-8 shall, through the commissioner, deposit and maintain with the Treasurer of the State securities of the type eligible for deposit by insurers under Section 27-6-3, which securities shall have […]
Section 27-43-10 – Types of Legal Expense Insurance; Policy and Certificate Forms; Issuance of Policies and Certificates.
Section 27-43-10 Types of legal expense insurance; policy and certificate forms; issuance of policies and certificates. (a) Legal expense insurance may be written as individual, group, blanket, or franchise insurance. Each contractual obligation for legal expense insurance must be evidenced by a policy. Each person insured under a group policy must be issued a certificate […]
Section 27-43-11 – Premium Rates.
Section 27-43-11 Premium rates. (a) No policy of legal expense insurance may be issued in this state unless the premium rates for the insurance have been filed with and approved by the commissioner. (b) Premium rates must be established and justified in accordance with generally accepted insurance principles, including, but not limited to, the experience […]