(a) Preneed contract forms and related forms shall be filed with and approved by the commissioner.
(b) Specific disclosure regarding whether, consistent with the requirements of this chapter, the certificate holder is placing certain preneed funds received with the contract in trust, in an annuity, or in insurance, is required in the preneed contract.
(c) Preneed contracts which have been submitted to the commissioner shall be deemed to have been approved by the commissioner in the event that the commissioner fails to notify the certificate holder that approval has been denied within 30 days following submission to the commissioner.
Structure Code of Alabama
Chapter 17A - Preneed Funeral and Cemetery Act.
Article 2 - Certificate of Authority.
Section 27-17A-10 - Certificate Required.
Section 27-17A-11 - Application for Certificate; Statements; Issuance; Expiration; Transfer.
Section 27-17A-11.1 - Report of Preneed Contract Activity; Written Logs.
Section 27-17A-12 - Preneed Contract Forms; Disclosure; Approval.
Section 27-17A-13 - Monies to Be Placed in Trust; Compliance by Pre-Existing Preneed Contracts.
Section 27-17A-14 - Surety Bond.
Section 27-17A-15 - Examination by Commissioner.
Section 27-17A-16 - Inactive Certificate Holder; Surrender of License.
Section 27-17A-17 - Dissolution or Liquidation of Certificate Holder.
Section 27-17A-18 - Preneed Sales Agent.
Section 27-17A-19 - Prohibited Activities.
Section 27-17A-20 - Hearing; Procedures; Penalties.
Section 27-17A-21 - Fine in Lieu of Suspension or Revocation of Certificate.
Section 27-17A-22 - Violations and Penalties.
Section 27-17A-23 - Civil Actions; Liability.