Code of Alabama - Title 27: Insurance - Chapter 12 - Trade Practices Law

• Section 27-12-1 Purpose of chapter; short title
  (a) The purpose of this chapter is to regulate trade practices in the business of insurance in accordance with the intent of congress as expressed...
• Section 27-12-2 General prohibition against unfair competition, etc
  No person shall engage in this state in any trade practice which is defined in this chapter as, or determined pursuant to this chapter to...
• Section 27-12-6 "Twisting."
  No person shall make or issue, or cause to be made or issued, any written or oral statement misrepresenting or making misleading incomplete comparisons as...
• Section 27-12-7 False statements and entries
  (a) No person shall file with any supervisory or other public official or make, publish, disseminate, circulate, or deliver to any person or place before...
• Section 27-12-8 Boycotts, coercion, and intimidation
  No person shall enter into any agreement to commit or, by any concerted action, commit any act of boycott, coercion, or intimidation resulting in, or...
• Section 27-12-9 Malicious statements on financial condition
  No person shall make, publish, disseminate, or circulate, directly or indirectly, or aid, abet, or encourage the making, publishing, disseminating, or circulating of any oral...
• Section 27-12-10 Financial inducements to purchase insurance
  (a) No person shall issue or deliver, or permit its agents, officers, or employees to issue or deliver, agency company stock or other capital stock,...
• Section 27-12-11 Life, annuity, and disability insurance - Unfair discrimination in rates, etc
  (a) No person shall make or permit any unfair discrimination between individuals of the same class and equal expectation of life in the rates charged...
• Section 27-12-12 Life, annuity, and disability insurance - Agreements not expressed in contract, rebates, and other inducements
  (a) No person shall knowingly permit or offer to make, or make, any contract of life insurance, annuity or disability insurance or agreement as to...
• Section 27-12-13 Life, annuity, and disability insurance - Exceptions to discrimination, rebates, or special inducements
  Nothing in Sections 27-12-11 and 27-12-12 shall be construed as including within the definition of discrimination, rebates, or special inducements any of the following practices:...
• Section 27-12-14 Inducements as to property, casualty, or surety insurance
  (a) No property, casualty, or surety insurer, or any employee thereof, and no broker, agent, or solicitor shall pay, allow, or give, or offer to...
• Section 27-12-15 Purchase of insurance as condition precedent to sale or loan on property
  No person, firm, or corporation engaged in selling real or personal property or of lending money on the security of real or personal property and...
• Section 27-12-16 Common ownership, management, and directorships
  (a) Any insurer may retain, invest in or acquire, the whole or any part of, the capital stock of any other insurer, or insurers, or...
• Section 27-12-17 Collection of premiums or charges when insurance not provided; excess premium or charge
  (a) No person shall willfully collect any sum as premium or charge for insurance which insurance is not then provided or is not in due...
• Section 27-12-18 Statement of charges; hearing, order, and review thereon
  (a) If the commissioner believes that any person has been engaged, or is engaging, in this state in any unfair method of competition or any...
• Section 27-12-19 Service of statements, notices, orders, and other processes
  Statements of charges, notices, orders, and other processes of the commissioner under this trade practices law may be served by anyone duly authorized by the...
• Section 27-12-20 Review of commissioner's cease and desist orders
  Any person required by an order of the commissioner under Section 27-12-18 to cease and desist from engaging in any unfair method of competition or...
• Section 27-12-21 Proceedings on unfair competition, etc., not defined under chapter - Generally
  (a) Whenever the commissioner has reason to believe that any person engaged in the business of insurance is engaging in this state in any method...
• Section 27-12-22 Proceedings on unfair competition, etc., not defined under chapter - Appeal by intervenor
  If the report of the commissioner under Section 27-12-21 does not charge a violation of this chapter, then any intervenor in the proceedings may, within...
• Section 27-12-23 False statements, etc., in insurance application
  No agent, broker, solicitor, examining physician, or other person shall knowingly make a false or fraudulent statement or representation in, or relative to, an application...
• Section 27-12-24 Refusal of insurer to pay or settle claims
  No insurer shall, without just cause, refuse to pay or settle claims arising under coverages provided by its policies in this state and with such...

Last modified: May 3, 2021