Section 10A-20-6.01 Applicability of article. Any nonstock nonprofit corporations organized for the purpose of establishing, maintaining, and operating a health care service plan under which health services are furnished to the public who become subscribers to the plan pursuant to contracts are authorized and shall be governed by the provisions of this article. (Acts 1935, […]
Section 10A-20-6.02 Incorporation. (a) The incorporators of any corporation to be governed by this article shall prepare and deliver to the Secretary of State for filing a certificate of formation stating an intention to become a corporation, which certificate of formation shall be signed by each of the incorporators and shall set forth: (1) The […]
Section 10A-20-6.03 Health care facilities which may participate. Any health care facility capable of entering into a binding contract may participate as a member of the corporation if the health care facility: (1) Is approved by the appropriate state licensing agency having regulatory control over the facility; and (2) Is accepted as a member by […]
Section 10A-20-6.04 Board of directors. The property and business of the corporation shall be managed by a board of directors with the powers and authority necessary or incidental to the purposes of the corporation. The board shall be composed of not less than 15 nor more than 27 directors. Public directors, who shall reflect the […]
Section 10A-20-6.05 Bylaws. The power to adopt, alter, amend, or repeal bylaws shall be vested in the board of directors. The bylaws may contain any provisions for the regulation and management of the affairs of the corporation, including provisions for the number and selection of the board of directors, not inconsistent with this article. (Acts […]
Section 10A-20-6.06 Altering, amending, or changing certificate of formation. The corporation may change its corporate name, the location of its principal office, or make other alteration, amendment, or change in its certificate of formation, as may be desired in the following manner: (1) Its board of directors by a majority vote thereof, either in person […]
Section 10A-20-6.07 Certificates of authority; contracts with public. Every corporation organized under this article shall procure from the Commissioner of Insurance a certificate of authority to do business, for which the corporation shall pay the sum of two hundred dollars ($200), and the certificates of authority shall be renewed thereafter on or before the first […]
Section 10A-20-6.08 License, privilege, or other taxes by municipalities or counties prohibited. No license, privilege, or other tax shall be charged any corporation organized under this article by or on behalf of any city or municipality of this state, and no license, privilege, or other tax in excess of the amount paid to the state […]
Section 10A-20-6.09 Selection of health care facility by certificate holders. Any holder in good standing of a certificate for a health service may select any health care facility which may be designated by a corporation to render the necessary health service thereunder. (Acts 1935, No. 544, p. 1157; Code 1940, T. 28, §309; Acts 1973, […]
Section 10A-20-6.10 Regulation of rates, charges, fees, and dues. The rates, charges, fees, and dues to be paid by the public for benefits under a health service plan and for contracts or certificates covering same shall not be unreasonably high or excessive, shall be adequate to meet the liability assumed under the contracts and all […]
Section 10A-20-6.11 Examination power of Commissioner of Insurance. The Commissioner of Insurance or any of his or her designated deputies or examiners shall have the power of visitation and examination into the affairs of the corporation, shall have free access to all books, papers, and documents that relate to the business of the corporation, and […]
Section 10A-20-6.12 Certificates for agents; filing of health service certificates. Persons representing a health care service corporation organized under this chapter in writing or soliciting health care certificates for the corporation, and the health care service corporation with respect thereto, shall be subject to Chapters 7 and 8A of Title 27. (Acts 1935, No. 544, […]
Section 10A-20-6.13 Deposit of securities with State Treasurer. Every health care service corporation shall deposit with, and thereafter maintain on deposit with, the Treasurer of the State of Alabama bonds of the United States government or of the State of Alabama, or of any subdivision thereof, or first mortgages on real estate situated in Alabama […]
Section 10A-20-6.14 Filing of annual statements. (a) On or before the first day of March of each year, every company transacting business under this article in this state shall file with the Commissioner of Insurance a statement showing the amount of gross dues received by it for business done in this state during the preceding […]
Section 10A-20-6.15 Review of decisions, etc., by Commissioner of Insurance. All decisions, findings, and orders of the Commissioner of Insurance made under this article shall be subject to review, revision, and reversal by proper proceedings brought in any court of competent jurisdiction within 30 days from the date of the decision, finding, or order; and […]
Section 10A-20-6.16 Applicability of insurance laws. (a) No statute of this state applying to insurance companies shall be applicable to any corporation organized under this article and amendments thereto or to any contract made by the corporation; except the corporation shall be subject to the following: (1) The provisions regarding annual premium tax to be […]
