Section 27-44-4 – Construction of Chapter.
Section 27-44-4 Construction of chapter. This chapter shall be liberally construed to effect the purpose under Section 27-44-2 which shall constitute an aid and guide to interpretation. (Acts 1982, No. 82-561, p. 922, §4.)
Section 27-44-21 – Immediate Access of Associations in This and Other States to Assets of Insolvent Insurer; Application to Court; Contents of Proposal; Notice.
Section 27-44-21 Immediate access of associations in this and other states to assets of insolvent insurer; application to court; contents of proposal; notice. (a) Within 120 days of a final determination of insolvency of an insurance company by a court of competent jurisdiction the receiver shall make application to the said court for approval of […]
Section 27-43-12 – Filing, Approval, etc., of Contracts Between Insurers and Attorneys, Etc.
Section 27-43-12 Filing, approval, etc., of contracts between insurers and attorneys, etc. (a) Contracts made between the insurer and participating attorneys, management contracts and contracts with other providers of services by the legal expense insurance policy must be filed with and approved by the commissioner. (b) Insurers must annually report to the commissioner, in such […]
Section 27-44-5 – Definitions.
Section 27-44-5 Definitions. As used in this chapter, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) ACCOUNT. Either of the three accounts created under Section 27-44-6. (2) ASSOCIATION. The Alabama Life and Disability Insurance Guaranty Association created under Section 27-44-6. (3) AUTHORIZED ASSESSMENT or the term AUTHORIZED […]
Section 27-45-1 – Applicability of Article.
Section 27-45-1 Applicability of article. This article shall apply to health insurance and employee benefit plans providing for pharmaceutical services, including without limitation, prescription drugs. (Acts 1988, No. 88-379, p. 565, §1.)
Section 27-43-13 – Fees and Taxes Required of Legal Service Insurance Corporations; Applicability of General Insurance Laws to Legal Service Insurance Corporations.
Section 27-43-13 Fees and taxes required of legal service insurance corporations; applicability of general insurance laws to legal service insurance corporations. (a) A legal service insurance corporation will pay the prescribed fees and taxes required of a domestic casualty insurer. (b) The following provisions of the insurance laws of this state apply to legal service […]
Section 27-44-6 – Creation of Association; Membership; Accounts; Supervision.
Section 27-44-6 Creation of association; membership; accounts; supervision. (a) There is created a nonprofit unincorporated legal entity to be known as the Alabama Life and Disability Insurance Guaranty Association. All member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall […]
Section 27-45-2 – Definitions.
Section 27-45-2 Definitions. As used in this article, the following terms shall have the respective meanings herein set forth, unless the context shall otherwise require: (1) ALABAMA INSURANCE CODE. Title 27 of the Code of Alabama 1975. (2) INSURER. Such term shall have the meaning ascribed in Section 27-1-2. (3) PERSON. Such term shall have […]
Section 27-43-14 – Applicability of Chapters 7 and 8a.
Section 27-43-14 Applicability of Chapters 7 and 8A. Persons representing or aiding a legal service insurance corporation in the solicitation of legal expense insurance contracts in this state and the legal service insurance corporation with respect thereto shall be subject to Chapters 7 and 8A of this title, except that legal service insurance corporation producers […]
Section 27-44-7 – Board of Directors; Selection of Members; Vacancies; Organizational Meeting; Reimbursement for Expenses.
Section 27-44-7 Board of directors; selection of members; vacancies; organizational meeting; reimbursement for expenses. (a) The board of directors of the association shall consist of not less than five nor more than nine member insurers serving terms as established in the plan of operation. At all times, at least one member of the board shall […]