Code of Alabama - Title 27: Insurance - Chapter 43 - Legal Expense Insurance

• Section 27-43-1 Short title
  This chapter shall be known and may be cited as the "Legal Expense Insurance Act."
• Section 27-43-2 Purpose of chapter
  The purpose of this chapter is to authorize state certification and regulation of organizations which provide programs for the payment of the costs of legal
• Section 27-43-3 Definitions
  As used in this chapter, the following terms shall have the following meanings, respectively, unless the context requires otherwise: (1) DEPARTMENT. The Department of Insurance;...
• 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...
• 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)...
• 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...
• 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...
• 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...
• 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...
• 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...
• 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...
• 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...
• 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...
• 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...
• Section 27-43-15 Registration requirements - Sales agents
  Repealed by Act 2001-702, p. 1509, § 16, effective January 1, 2002.
• Section 27-43-16 Grounds for compulsory refusal, suspension, revocation, etc., of registration of contracting sales agents
  Repealed by Act 2001-702, p. 1509, § 16, effective January 1, 2002.
• Section 27-43-17 Grounds for discretionary refusal, suspension, revocation, etc., of registration of contracting sales agents
  Repealed by Act 2001-702, p. 1509, § 16, effective January 1, 2002.
• 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.
• 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.
• Section 27-43-20 Funds belonging to legal service insurance corporations received by agents to be held in trust; accounting for and disposition of funds by agents; appropriation of funds, etc., by agent
  Repealed by Act 2001-702, p. 1509, § 16, effective January 1, 2002.
• Section 27-43-21 Disposition of moneys received from licenses and fees
  All moneys received from licenses and fees shall be deposited to the credit of the Examiners' Revolving Fund of the Department of Insurance.
• Section 27-43-22 Promulgation of rules and regulations
  The commissioner shall devise and promulgate rules and regulations, not inconsistent with the provisions of this chapter, as he deems advisable for effectuating its orderly
• Section 27-43-23 Construction of chapter
  Nothing contained in this chapter shall be construed to regulate the practice of law or limit the powers or authority of the Supreme Court of...

Last modified: May 3, 2021