reglab/statecodes huggingface dataset:
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.06 - Necessity For Disclosing Policy Provisions Relating To Renewability, Cancellability And Termination

Current through Register Vol. 42, No. 9, June 28, 2024
An advertisement which refers to renewability, cancellability
				or termination of a policy, or which refers to a policy benefit, or which
				states or illustrates time or age in connection with eligibility of applicants
				or continuation of the policy, shall disclose the provisions relating to
				renewability, cancellability and termination and any modification of benefits,
				losses covered or premiums because of age or for other reasons, in a manner
				which shall not minimize or render obscure the qualifying conditions.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.07 - Method Of Disclosure Of Required Information

Current through Register Vol. 42, No. 9, June 28, 2024
All information required to be disclosed by this chapter shall
				be set out conspicuously and in close conjunction with the statements to which
				such information relates or under appropriate captions of such prominence that
				it shall not be minimized, rendered obscure or presented in an ambiguous
				fashion or intermingled with the context of the advertisement so as to be
				confusing or misleading.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.08 - Testimonials

Current through Register Vol. 42, No. 9, June 28, 2024
Testimonials used in advertisements must be genuine, represent
				the current opinion of the author, be applicable to the policy advertised and
				be accurately reproduced. The insurer, in using a testimonial, makes as its own
				all of the statements contained therein, and the advertisement including such
				statements is subject to all of the provisions of this chapter.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.09 - Use Of Statistics

Current through Register Vol. 42, No. 9, June 28, 2024
An advertisement relating to the dollar amounts of claims paid,
				the number of persons insured, or similar statistical information relating to
				any insurer or policy shall not be used unless it accurately reflects all of
				the relevant facts. Such an advertisement shall not imply that such statistics
				are derived from the policy advertised unless such is the fact.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.10 - Inspection Of Policy

Current through Register Vol. 42, No. 9, June 28, 2024
An offer in an advertisement of inspection of a policy or offer
				of a premium refund is not a cure for misleading or deceptive statements
				contained in such advertisement.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.11 - Identification Of Plan Or Number Of Policies

Current through Register Vol. 42, No. 9, June 28, 2024
(1) When a choice of the amount of benefits
			 is referred to, an advertisement shall disclose that the amount of benefits
			 provided depends upon the plan selected and that the premium will vary with the
			 amount of the benefits.
(2) When an
			 advertisement refers to various benefits which may be contained in two or more
			 policies, other than group master policies, the advertisement shall disclose
			 that such benefits are provided only through a combination of such policies.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.12 - Disparaging Comparisons And Statements

Current through Register Vol. 42, No. 9, June 28, 2024
An advertisement shall not directly or indirectly make unfair
				or incomplete comparisons of policies or benefits or otherwise falsely
				disparage competitors, their policies, services or business methods.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.13 - Jurisdictional Licensing

Current through Register Vol. 42, No. 9, June 28, 2024
An advertisement which is intended to be seen or heard beyond
				the limits of the jurisdiction in which the insurer is licensed shall not imply
				licensing beyond those limits.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.14 - Identity Of Insurer

Current through Register Vol. 42, No. 9, June 28, 2024
The identity of the insurer shall be made clear in all of its
				advertisements. An advertisement shall not use a trade name, service mark,
				slogan, symbol or other device which has the capacity and tendency to mislead
				or deceive as to the true identity of the insurer.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.15 - Group Or Quasi-Group Implications

Current through Register Vol. 42, No. 9, June 28, 2024
An advertisement of a particular policy shall not state or
				imply that prospective policyholders become group or quasi-group members and as
				such enjoy special rates or underwriting privileges, unless such is the
				fact.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.16 - Introductory, Initial, Special Offers Or Limited Enrollment Periods

Current through Register Vol. 42, No. 9, June 28, 2024
(1) An
			 advertisement shall not state or imply that enrollment in a plan or under a
			 policy is limited to a specific period unless the period of time to enroll is
			 disclosed, or that a particular policy or combination of policies is an
			 introductory, initial or special offer and that the applicant will receive
			 advantages by accepting the offer, unless such is the fact. If the
			 advertisement is a special enrollment offer, the advertisement shall indicate
			 the date by which the applicant must mail the application which shall be not
			 less than ten days and not more than forty days from the date that such limited
			 enrollment period is advertised for the first time. An insurer shall not use an
			 introductory offer of a reduced initial premium for the first month of coverage
			 under a renewable policy at a lesser amount than for the initial renewal
			 monthly premium.
(2) Ninety Days
			 Between Enrollment Periods. A limited enrollment period within which a
			 particular insurance product may be purchased on an individual basis shall not
			 be offered within a specified geographical area in this State unless there has
			 been a lapse of not less than ninety days between the close of the immediately
			 preceding limited enrollment period for the same product in the same
			 geographical area and the opening of the new limited enrollment period. This
			 ninety-day rule applies to all advertising media, i.e., mail, newspapers,
			 radio, television, magazines and periodicals, by any one insurer. It is
			 inapplicable to solicitations of employees or members of a particular group or
			 association which otherwise would be eligible under specific provisions of the
			 Insurance Code for group, blanket or franchise (selected group) insurance if
			 such franchise insurance is provided in accordance with the provisions of
			 Section 27-19-37.
(3) Out of State Publications Circulated in
			 this State. Advertising in magazines, periodicals and newspapers printed and
			 published in other states and circulated in this State shall comply with the
			 ninety-day rule applicable to publications originating in this State; however,
			 such advertising is not subject to the geographical area limitations specified
			 in Paragraph (2) of this rule.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.17 - Approval Or Endorsement By Third Parties

Current through Register Vol. 42, No. 9, June 28, 2024
(1) An advertisement shall not state or imply
			 that an insurer or a policy has been approved or an insurer's financial
			 condition has been examined and found to be satisfactory by a governmental
			 agency, unless such is the fact.
(2) An advertisement shall not state or imply
			 that an insurer or a policy has been approved or endorsed by any individual,
			 group of individuals, society, association or other organization, unless such
			 is the fact.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.18 - Service Facilities

Current through Register Vol. 42, No. 9, June 28, 2024
An advertisement shall not contain untrue statements with
				respect to the time within which claims are paid or statements which imply that
				claim settlements will be liberal or generous beyond the terms of the
				policy.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.19 - Statements About An Insurer

Current through Register Vol. 42, No. 9, June 28, 2024
An advertisement shall not contain statements which are untrue
				in fact or by implication misleading with respect to the insurer's assets,
				corporate structure, financial standing, age or relative position in the
				insurance business.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.20 - Special Enforcement Procedures

Current through Register Vol. 42, No. 9, June 28, 2024
(1) Interpretive Guidelines: Adoption by
			 Commissioner. To facilitate compliance with this chapter, the Commissioner has
			 adopted appropriate Interpretive Guidelines. Such Interpretive Guidelines shall
			 be consistent, to the extent not inconsistent with the statutes of this State
			 and this chapter, with the interpretations recommended by the National
			 Association of Insurance Commissioners adopted December 2, 1971, and as revised
			 from time to time by the National Association of Insurance Commissioners, for
			 use by the various states in the interpretation of this chapter. Such
			 Interpretive Guidelines will be periodically brought up to date by appropriate
			 published revisions, and such revisions will be developed in the same manner in
			 which the initial Interpretive Guidelines were developed.
(2) Advertising File. Each insurer shall
			 maintain at its home or principal office a complete file containing every
			 printed, published or prepared advertisement of individual policies and typical
			 printed, published or prepared advertisements of blanket, franchise and group
			 policies hereafter disseminated in this or any other state whether or not
			 licensed in such other state, with a notation attached to each such
			 advertisement which shall indicate the manner and extent of distribution and
			 the form number of any policy advertised. Such file shall be subject to regular
			 and periodical inspection by this Department. All such advertisements shall be
			 maintained in said file for the most recent four year period or until the next
			 regular NAIC examination of the insurer.
(3) Certificate of Compliance. Each insurer
			 required to file an Annual Statement which is now or which hereafter becomes
			 subject to the provisions of this chapter must file with this Department with
			 its Annual Statement, a Certificate executed by an authorized officer of the
			 insurer wherein it is stated that to the best of his knowledge, information and
			 belief the advertisements which were disseminated by the insurer during the
			 preceding statement year complied or were made to comply in all respects with
			 the provisions of this chapter and Interpretive Guidelines issued by the
			 Commissioner.
(4) Submission of
			 Advertising for Approval Prior to Use. If it becomes necessary, in the opinion
			 of the Commissioner of Insurance, for the further protection of the public,
			 Insurers may be required to file with the Department of Insurance, for
			 approval, any or all advertising before use. This extra requirement would be in
			 addition to the other provisions of this rule and would not supersede the
			 requirements of maintaining an advertising file.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.21 - Prior Inconsistent Rules, Regulations And Bulletins Superseded

Current through Register Vol. 42, No. 9, June 28, 2024
This chapter supercedes all prior rules, regulations and
				bulletins of this Department on the subject matter of disability insurance
				advertisements to the extent that such prior rules, regulations and bulletins
				are inconsistent with this chapter.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-013 - DISABILITY INSURANCE ADVERTISEMENTS AND OTHER SIMILAR COVERAGES › Section 482-1-013-.22 - Effective Date

Current through Register Vol. 42, No. 9, June 28, 2024
This chapter shall become effective upon its approval by the
				Commissioner of Insurance, and upon its having been on file as a public
				document in the office of the Secretary of State for ten days.
Author:
John Davis, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-12-1,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-017 - SO-CALLED "FREE INSURANCE" IN CONNECTION WITH SALES OF CEMETARY LOTS, AUTOMOBILES, AND OTHER ARTICLES AND SERVICES › Section 482-1-017-.01 - Authority

Current through Register Vol. 42, No. 9, June 28, 2024
This chapter is adopted pursuant to Section
				27-2-17,
Code of Ala.
				1975
.
Author:
Commissioner of
				Insurance
Statutory Authority:
Code of Ala.
				  1975
, §
										27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-017 - SO-CALLED "FREE INSURANCE" IN CONNECTION WITH SALES OF CEMETARY LOTS, AUTOMOBILES, AND OTHER ARTICLES AND SERVICES › Section 482-1-017-.02 - Definitions

Current through Register Vol. 42, No. 9, June 28, 2024
The following definitions shall apply for purposes of this
				chapter:
(a) INSURANCE. A contract
			 whereby one undertakes to indemnify another or pay or provide a specified
			 amount or benefit upon determinable contingencies.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §
										27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-017 - SO-CALLED "FREE INSURANCE" IN CONNECTION WITH SALES OF CEMETARY LOTS, AUTOMOBILES, AND OTHER ARTICLES AND SERVICES › Section 482-1-017-.03 - Requirements And Prohibitions

Current through Register Vol. 42, No. 9, June 28, 2024
(1) No
			 such company shall issue policies or transact any business of insurance unless
			 it shall hold a license from the Commissioner of Insurance authorizing the
			 transaction of such business, which license shall not be issued until and
			 unless the company shall comply with the following conditions.
(2) No life insurance company or agent
			 thereof shall make any contract of insurance or agreement as to such contract
			 other than is plainly expressed in the policy issued thereon: nor shall any
			 such company or any officer, agent, collector, or representative thereof, pay,
			 allow or give or offer or pay, allow, or give, directly or indirectly, as
			 inducement to insurance, any rebate of premium payable on the policy, or any
			 special favor or advantage in the dividends or other benefits.
(3) It will be noted from the above that no
			 insurance contract, written or implied, can be entered into in this State,
			 except by a licensed insurance company, who will issue a policy or certificate
			 describing the insurance. Therefore, any such contract written or implied
			 cannot be entered into without a premium charge, as not charging for same would
			 constitute a rebate of premium.
(4)
			 In the case of a company, corporation, or individual promising, by written
			 contract, verbally or by implication, that any unpaid balance a person may owe,
			 on property, goods, or services, at the time of that person's death will
			 automatically be cancelled or paid, constitutes insurance; therefore, only a
			 licensed insurance company is authorized to transact such business in this
			 State.
(5) In the case of a
			 corporation, company, or individual offering insurance as being included in the
			 sale price of the article or service, it would be necessary that the insured be
			 furnished a copy of a policy, or certificate, issued by a licensed insurance
			 company, which would show the coverages afforded and the terms thereof.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §
										27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-017 - SO-CALLED "FREE INSURANCE" IN CONNECTION WITH SALES OF CEMETARY LOTS, AUTOMOBILES, AND OTHER ARTICLES AND SERVICES › Section 482-1-017-.04 - Separability

Current through Register Vol. 42, No. 9, June 28, 2024
If any provision of this chapter or the application thereof to
				any person or circumstances is for any reason held to be invalid, the remainder
				of the chapter and the application of its provisions to other persons or
				circumstances shall not be affected thereby.
Author:
Commissioner of
				Insurance
Statutory Authority:
Code of Ala.
				  1975
, §
										27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-017 - SO-CALLED "FREE INSURANCE" IN CONNECTION WITH SALES OF CEMETARY LOTS, AUTOMOBILES, AND OTHER ARTICLES AND SERVICES › Section 482-1-017-.05 - Effective Date

Current through Register Vol. 42, No. 9, June 28, 2024
The provisions of the chapter shall become effective April 1,
				2001, upon its approval by the Commissioner of Insurance and upon its having
				been on file as a public document in the office of the Secretary of State for
				ten days.
Author:
Commissioner of
				Insurance
Statutory Authority:
Code of Ala.
				  1975
, §
										27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-024 - FILING FOR APPROVAL OF ALL LIFE AND ACCIDENT AND HEALTH POLICY FORMS, RIDERS, ENDORSEMENTS AND APPLICATIONS › Section 482-1-024-.01 - Authority

Current through Register Vol. 42, No. 9, June 28, 2024
This chapter is adopted pursuant to Section
				27-2-17,
Code of Ala.
				1975
.
Author:
Commissioner of
				Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-14-8,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-024 - FILING FOR APPROVAL OF ALL LIFE AND ACCIDENT AND HEALTH POLICY FORMS, RIDERS, ENDORSEMENTS AND APPLICATIONS › Section 482-1-024-.02 - Applicability

Current through Register Vol. 42, No. 9, June 28, 2024
This chapter shall apply to all life and disability policy
				forms, riders, endorsements and applications filed for approval with the
				Alabama Department of Insurance in accordance with Section
				27-14-8,
et
seq
.,
Code of
				Ala. 1975
, on and after the effective date of this chapter.
Author:
Commissioner of
				Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-14-8,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-024 - FILING FOR APPROVAL OF ALL LIFE AND ACCIDENT AND HEALTH POLICY FORMS, RIDERS, ENDORSEMENTS AND APPLICATIONS › Section 482-1-024-.03 - Procedure For Approval

Current through Register Vol. 42, No. 9, June 28, 2024
(1) Letter
			 of Transmittal.
(a) Each submission should
			 contain a letter of transmittal in duplicate.
(b) The letter of transmittal should list all
			 forms submitted by form number.
(c)
			 If the submission is a new form, the letter of transmittal should include a
			 brief description of coverage. If the form is a replacement or revision, it
			 should state the number of the form being replaced or revised and the purposes
			 therefor.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-024 - FILING FOR APPROVAL OF ALL LIFE AND ACCIDENT AND HEALTH POLICY FORMS, RIDERS, ENDORSEMENTS AND APPLICATIONS › Section 482-1-024-.04 - Filings As Public Records

Current through Register Vol. 42, No. 9, June 28, 2024
All life and accident and health policy forms, riders,
				endorsements and applications approved under this chapter shall be considered
				public records except for proprietary and trade secret information accompanying
				the filing. Policy form filings and accompanying materials filed for and
				awaiting approval by the Department shall be considered proprietary and not a
				public record. Filings not considered public records shall not be subject to
				disclosure to persons outside the Department except as agreed to by the insurer
				or as ordered by a court of competent jurisdiction.
Author:
Commissioner of
				Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-14-8,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-024 - FILING FOR APPROVAL OF ALL LIFE AND ACCIDENT AND HEALTH POLICY FORMS, RIDERS, ENDORSEMENTS AND APPLICATIONS › Section 482-1-024-.05 - Separability

Current through Register Vol. 42, No. 9, June 28, 2024
If any provision of this chapter or the application thereof to
				any person or circumstances is for any reason held to be invalid, the remainder
				of the chapter and the application of its provisions to other persons or
				circumstances shall not be affected thereby.
Author:
Commissioner of
				Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-14-8,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-024 - FILING FOR APPROVAL OF ALL LIFE AND ACCIDENT AND HEALTH POLICY FORMS, RIDERS, ENDORSEMENTS AND APPLICATIONS › Section 482-1-024-.06 - Effective Date

Current through Register Vol. 42, No. 9, June 28, 2024
This chapter shall be effective upon its approval by the
				Commissioner of Insurance, and upon its having been on file as a public
				document in the office of the Secretary of State for ten days.
Author:
Commissioner of
				Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-14-8,
et
seq
.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-036 - INSURANCE PLACED WITH COMPANIES NOT LICENSED IN ALABAMA › Section 482-1-036-.01 - Authority

Current through Register Vol. 42, No. 9, June 28, 2024
This chapter is adopted pursuant to Sections
				27-2-17 and
				27-10-1, et seq.,
Code
				of Ala. 1975
.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-10-1, et seq.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-036 - INSURANCE PLACED WITH COMPANIES NOT LICENSED IN ALABAMA › Section 482-1-036-.02 - Purpose

Current through Register Vol. 42, No. 9, June 28, 2024
The purpose of this chapter is to set forth rules and
				procedural requirements the Commissioner deems necessary to carry out the
				provisions of Sections
				27-10-1, et seq.,
Code
				of Ala. 1975
. The actions and information required by this chapter
				are hereby declared to be necessary and appropriate in the public interest and
				for the protection of the citizens of this state.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-10-1, et seq.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-036 - INSURANCE PLACED WITH COMPANIES NOT LICENSED IN ALABAMA › Section 482-1-036-.03 - Licensing Of Surplus Line Brokers

Current through Register Vol. 42, No. 9, June 28, 2024
(1)
(a)
			 Individual residents of this state who are licensed as insurance producers as
			 to property and casualty insurance as defined in Section
			 27-7-14.1 may be licensed as
			 surplus line brokers to place in non-admitted carriers only those coverages
			 authorized by their license as an insurance producer.
(b) Powers of the licensee as a surplus line
			 broker are limited to those same powers for which he or she is licensed as an
			 insurance producer.
(c) Authority
			 under a surplus line broker's license is coterminous with the licensee's
			 authority as an insurance producer.
(d) The surplus line law provides that an
			 insurance producer who, at the discretion of the Commissioner, has sufficient
			 experience in the insurance business may be licensed as a surplus line broker.
			 It is hereby deemed that minimum qualifications for a an individual surplus
			 line broker are a combination of training and experience equivalent to high
			 school graduation including at least three years of recent fulltime experience
			 in the property and casualty insurance fields. A business entity shall be
			 deemed eligible so long as an individual licensed as a surplus line broker is
			 designated as responsible for the business entity's compliance with the
			 insurance laws, rules, and regulations of this state.
(e) A bond in the amount of $50,000 as
			 required by Section
			 27-10-24(a)(3)
			 must accompany the application for license.
(f) The application should also be
			 accompanied by the fees set forth in Section
			 27-4-2.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-036 - INSURANCE PLACED WITH COMPANIES NOT LICENSED IN ALABAMA › Section 482-1-036-.04 - Forms

Current through Register Vol. 42, No. 9, June 28, 2024
The following forms are designed for use in connection with the
				Surplus Line Insurance Law. Copies of all forms are on the department's Web
				page at
http://www.aldoi.gov
. The
				right to amend, rescind, or add to these forms is reserved without amending
				this rule.
Form Number
Title
Reference to Code
AL-SLB-1
Application for License as Surplus Line Broker
27-10-24(a)(1)
ID 12 - (online filing)
Certificate of Surplus Line Broker
27-10-21
AL-SLB-13
Bond Form
27-10-24(a)(3)
ID 14
Purchasing Group Independently Procured Business
27-10-35(a)
ID 14.1
Independently Procured Business
27-10-35(a)
ID 15
Annual Statement / Tax Return
27-10-30
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-10-1, et seq.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-036 - INSURANCE PLACED WITH COMPANIES NOT LICENSED IN ALABAMA › Section 482-1-036-.05 - Eligible Surplus Line Insurers

Current through Register Vol. 42, No. 9, June 28, 2024
(1) At appropriate times this Department will
			 under the authority of Section
			 27-10-26 publish lists of certain
			 unauthorized insurers which are known by this Department to be ineligible
			 either as to financial requirements or as to claim practices. No inference
			 should be drawn that surplus line insurers other than those so prohibited have
			 been approved by this Department. The law clearly places this responsibility on
			 the broker. No lists of approved insurers will be published by this Department.
			 Eligible Surplus Line Insurers that write business in Alabama should refer to
			 the Filing Requirements for Surplus Line Insurance Companies, which is located
			 on the Department of Insurance website for instructions on filings to be made
			 with the Department of Insurance.
(2) The National Association of Insurance
			 Commissioners has established the International Insurers Department. The
			 services of that office are available to surplus line brokers and others who
			 may be interested by the payment of an annual subscription fee. That office can
			 furnish a listing of alien non-admitted insurers that have filed financial data
			 with one or more states or with a surplus line association cooperating with a
			 state. The annual subscription fee will entitle each subscriber to these
			 listings as issued and upon request copies of the independent insurer financial
			 statement data at an additional minimal reproduction cost.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-10-1, et seq.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-036 - INSURANCE PLACED WITH COMPANIES NOT LICENSED IN ALABAMA › Section 482-1-036-.06 - Adjusters

Current through Register Vol. 42, No. 9, June 28, 2024
Sections
				27-10-2 and
				27-10-35(g)
				prohibit an adjuster from entering into the adjustment or investigation of any
				loss arising under a contract of insurance issued by an unauthorized insurer
				unless such insurance contract be lawfully issued as provided under the law. In
				order to assist adjusters in avoiding violations of this prohibition, the
				Department will maintain a file of coverages reported under the requirements of
				the law, either by surplus line broker or independently procured by the
				insured, and the necessary information to assure the adjuster that coverage was
				lawfully placed will be furnished the adjuster on request.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-10-1, et seq.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-036 - INSURANCE PLACED WITH COMPANIES NOT LICENSED IN ALABAMA › Section 482-1-036-.07 - Severability

Current through Register Vol. 42, No. 9, June 28, 2024
If a court holds any paragraph or portion of a paragraph of
				this chapter or the applicability thereof to any person or circumstance
				invalid, the remainder of the chapter shall not be affected
				thereby
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-10-1, et seq.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-036 - INSURANCE PLACED WITH COMPANIES NOT LICENSED IN ALABAMA › Section 482-1-036-.08 - Effective Date

Current through Register Vol. 42, No. 9, June 28, 2024
This chapter shall become effective upon its approval by the
				Commissioner of Insurance and upon its having been on file as a public document
				in the office of the Secretary of State for ten days.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17,
				  27-10-1, et seq.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-037 - (REPEALED) › Section 482-1-037 - Repealed

Current through Register Vol. 42, No. 9, June 28, 2024
Author:
Reyn Norman, Associate
				Counsel
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-039 - CLASSIFICATIONS OF CERTAIN TYPES OF INSURANCE AS INLAND MARINE › Section 482-1-039-.01 - Classification Of Certain Types Of Insurance As Inland Marine

Current through Register Vol. 42, No. 9, June 28, 2024
(1) Effective
			 January 1, 1964, insurance of the following described property when owned and
			 used for pleasure and not for business, hire or other commercial use, shall be
			 classified as Inland Marine insurance in this State:
(a) Outboard motors, including their
			 equipment and appurtenances.
(b)
			 Rowboats, canoes, and boats not exceeding 16 feed in overall length, measured
			 on the center line and designed exclusively to be propelled by one or more
			 outboard motors.
(c) Equipment and
			 appurtenances, including boat carriers and trailers, used or designed for use
			 with the above.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-040 - INSURANCE-REBATES-DIVIDENDS › Section 482-1-040-.01 - Purpose

Current through Register Vol. 42, No. 9, June 28, 2024
The purpose of this chapter is to define and eliminate certain
				unfair practices arising from insurance transactions.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §
										27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-040 - INSURANCE-REBATES-DIVIDENDS › Section 482-1-040-.02 - Authority

Current through Register Vol. 42, No. 9, June 28, 2024
The authority for the promulgation of this chapter is under the
				provisions of Section
				27-2-17
Code of Ala.
				1975
.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §
										27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-040 - INSURANCE-REBATES-DIVIDENDS › Section 482-1-040-.03 - Rebates

Current through Register Vol. 42, No. 9, June 28, 2024
Except as otherwise expressly provided by law, insurers are
				prohibited from knowingly permitting or offering to make or making any contract
				of insurance or agreement as to such contract other than as plainly expressed
				in the contract issued thereon; or paying or allowing, or giving or offering to
				pay, allow, or give, directly or indirectly, as inducement to any contract of
				insurance, any rebate of premiums payable on the contract.
(1) No insurer shall (A) give a free policy
			 (actually the assumption of the premium by the insurer) to the bookkeeper,
			 payroll clerk, or anyone employed in the office of a city, county, state, or
			 private school system for collecting the premiums (including the payroll
			 deduction plan) from the members of a group insurance coverage and remitting
			 this premium to the insurer; (B) give a free policy (premium paid) to any City
			 or County Superintendent of Education, principal, teacher, or president of a
			 school system for permitting collection of the premium money referred to in
			 (A);
(2) No insurer shall pay a
			 collection fee, the amount of which being based on the amount of premiums
			 collected, to any of the persons outlined in 1(A) unless said person is a duly
			 authorized and licensed producer, of said insurer.
Clerical work may be performed provided the compensation is
				made on the basis of the volume of work actually performed and not the volume
				of premiums collected. Said person performing such clerical work must be
				compensated by a-check or draft of the insurer in an amount comparable with
				that paid other clerical employees of the insurer. On this basis, said clerical
				employee would not be required to be a licensed producer.
(3) No insurer shall return a portion of the
			 paid premiums to a person, or to any function of the school system; such as,
			 athletic fund, school cafeteria, general fund, etc. rather than to each
			 individual insured.
Any insurance company or producer licensed by this Department
				violating this rule will be dealt with as the insurance laws of the State of
				Alabama direct.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §
										27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-040 - INSURANCE-REBATES-DIVIDENDS › Section 482-1-040-.04 - Severability

Current through Register Vol. 42, No. 9, June 28, 2024
If a court holds any paragraph or portion of a paragraph of
				this chapter or the applicability thereof to any person or circumstance
				invalid, the remainder of the chapter shall not be affected
				thereby.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §
										27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-040 - INSURANCE-REBATES-DIVIDENDS › Section 482-1-040-.05 - Effective Date

Current through Register Vol. 42, No. 9, June 28, 2024
This chapter shall become effective May 20, 2008, upon its
				approval by the Commissioner of Insurance and upon its having been on file as a
				public document in the office of the Secretary of State for ten (10)
				days.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §
										27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-041 - STOCKHOLDER INFORMATION SUPPLEMENT TO ANNUAL STATEMENT; PROXIES, CONSENTS AND AUTHORIZATIONS (REPEALED)

Current through Register Vol. 42, No. 9, June 28, 2024
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				1975
, §§
									27-2-17.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-042 - PROXIES, CONSENTS AND AUTHORIZATIONS OF DOMESTIC STOCK INSURERS › Section 482-1-042-.01 - Authority

Current through Register Vol. 42, No. 9, June 28, 2024
The Authority for promulgation of this chapter is found under
				the provisions of Sections
				27-2-7,
				27-2-17,
				27-29-8 and other applicable
				provisions of Title 27,
Code of Ala. 1975
.
Author:
Commissioner of
				Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-7,
				  27-2-17,
				  27-29-8.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-042 - PROXIES, CONSENTS AND AUTHORIZATIONS OF DOMESTIC STOCK INSURERS › Section 482-1-042-.02 - Purpose

Current through Register Vol. 42, No. 9, June 28, 2024
The purpose of this chapter is to establish requirements as to
				solicitation of proxies, consents and authorizations by a domestic insurer as
				required by this chapter and to furnish instructions as to disclosure
				requirements for stockholders.
Author:
Commissioner of
				Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-7,
				  27-2-17,
				  27-29-8.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-042 - PROXIES, CONSENTS AND AUTHORIZATIONS OF DOMESTIC STOCK INSURERS › Section 482-1-042-.03 - Application Of Chapter

Current through Register Vol. 42, No. 9, June 28, 2024
(1) No
			 domestic stock insurer which has any class of equity securities held of record
			 by three hundred or more persons, or any director, officer, or employee of such
			 insurer, or any other person, shall solicit, or permit the use of his name to
			 solicit, by mail or otherwise, any proxy, consent, or authorization in respect
			 to any such class of equity securities in contravention of this chapter and
			 Schedules A and B hereto annexed and hereby made a part of this chapter,
			 provided, however, that this chapter shall not apply to any insurer if
			 ninety-five percent or more of its equity securities is owned or controlled by
			 a parent or an affiliated insurer and the remaining securities are held of
			 record by less than 500 persons. A domestic stock insurer which files with the
			 Securities and Exchange Commission with respect to any class of securities,
			 forms of proxies, consents, and authorizations complying with the requirements
			 of the Securities Exchange Act of 1934, as amended, and the applicable
			 regulations promulgated thereunder, shall be exempt from the provisions of this
			 chapter with respect to such class of securities.
(2) Unless proxies, consents or
			 authorizations in respect of any class of equity securities of a domestic
			 insurer subject to Rule
			 482-1-042-.03(1)
			 are solicited by or on behalf of the management of such insurer from the
			 holders of record of such securities in accordance with this chapter and the
			 Schedules hereto prior to any annual or other meeting of such security holders,
			 such insurer shall file with the Commissioner and transmit to every security
			 holder who is entitled to vote in regard to any matter to be acted upon at the
			 meeting and from whom a proxy is not solicited a written information statement
			 containing the information specified in Schedule C hereto annexed.
Author:
Commissioner of Insurance
Statutory Authority:
Code of Ala.
				  1975
, §§
										27-2-7,
				  27-2-17,
				  27-29-8.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-042 - PROXIES, CONSENTS AND AUTHORIZATIONS OF DOMESTIC STOCK INSURERS › Section 482-1-042-.04 - Definitions

Current through Register Vol. 42, No. 9, June 28, 2024
The following definitions apply unless the context otherwise
				requires:
(a) Affiliate. An affiliate
			 of, or a person affiliated with a specified person is a person that directly,
			 or indirectly through one or more intermediaries, controls, or is controlled
			 by, or is under common control with, the person specified.
(b) Associate. The term ASSOCIATE used to
			 indicate a relationship with any person, means (1) any corporation or
			 organization (other than the issuer or a majority owned subsidiary of the
			 issuer) of which such person is an officer or partner or is, directly or
			 indirectly, the beneficial owner of 10 percent or more of any class of equity
			 securities, (2) any trust or other estate in which such person has a
			 substantial beneficial interest or as to which such person serves as trustee or
			 in a similar fiduciary capacity, and (3) any relative or spouse of such person,
			 or any relative of such spouse, who has the same home as such person or who is
			 a director or officer of the issuer or any of its parents or
			 subsidiaries.
(c) Beneficial owner.
			 The term beneficial owner includes any person who, directly or indirectly,
			 through any contract, arrangement, understanding, relationship, or otherwise
			 has or shares:
1. voting power including the
			 power to vote, or the power to direct voting of, a security, or
2. investment power which includes the power
			 to dispose of, or to direct the disposition of, such security.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-042 - PROXIES, CONSENTS AND AUTHORIZATIONS OF DOMESTIC STOCK INSURERS › Section 482-1-042-.05 - Solicitations To Which Chapter Applies

Current through Register Vol. 42, No. 9, June 28, 2024
Rule
				482-1-042-.12 of this chapter
				shall apply to every solicitation that is subject to Rule
				482-1-042-.03. Rules
				482-1-042-.04 through
				482-1-042-.11 and Rule
				482-1-042-.13 of this chapter
				shall apply to every solicitation that is subject to Rule
				482-1-042-.03 except the
				following:
(a) Any solicitation made
			 otherwise than on behalf of the issuer where the total number of persons
			 solicited is not more than ten.
(b)
			 Any solicitation by a person in respect of securities carried in his name or in
			 the name of his nominee (otherwise than as voting trustee) or held in his
			 custody, if such person:
1. receives no
			 commission or remuneration for such solicitation, directly or indirectly, other
			 than reimbursement of reasonable expenses;
2. furnishes promptly to the person solicited
			 a copy of all soliciting material with respect to the same subject matter or
			 meeting received from all persons who shall furnish copies thereof for such
			 purpose and who shall, if requested, defray the reasonable expenses to be
			 incurred in forwarding such material; and
3. in addition, does no more than impartially
			 instruct the person solicited to forward a proxy to the person, if any, to whom
			 the person solicited desires to give a proxy, or impartially request from the
			 person solicited instructions as to the authority to be conferred by the proxy
			 and state that a proxy will be given if no instructions are received by a
			 certain date.
Alabama Administrative Code › Title 482 - ALABAMA DEPARTMENT OF INSURANCE › Chapter 482-1-042 - PROXIES, CONSENTS AND AUTHORIZATIONS OF DOMESTIC STOCK INSURERS › Section 482-1-042-.06 - Information To Be Furnished Security Holders

Current through Register Vol. 42, No. 9, June 28, 2024
(1) No solicitation subject to this chapter
			 shall be made unless each person solicited is concurrently furnished or has
			 previously been furnished with a written proxy statement containing the
			 information specified in Schedule A.
(2) If the solicitation is made on behalf of
			 the issuer and relates to an annual meeting of security holders at which
			 directors are to be elected, each proxy statement furnished pursuant to Rule
			 482-1-042-.06(1)
			 shall be accompanied or preceded by an annual report to security holders as
			 follows:
(a)
1. The report shall contain, in comparative
			 columnar form, such financial statements for the last two fiscal years,
			 prepared on a consistent basis, as will in the opinion of the management
			 adequately reflect the financial position of the issuer at the end of each such
			 year and the results of its operations for each such year. Consolidated
			 financial statements of the issuer and its subsidiaries shall be included in
			 the report if they are necessary to reflect the financial position and results
			 of operations of the issuer and its subsidiaries, but in such case the
			 individual statements of the issuer may be omitted.
2. The Commissioner may, upon the request of
			 the issuer, permit the omission of financial statements for the earlier of such
			 two fiscal years upon a showing of good cause therefor.