(a) The commissioner shall, as often as he or she may deem necessary, examine the business of any person writing preneed contracts under this chapter to the extent applicable. The examination shall be made by designated representatives or examiners of the Department of Insurance.
(b) The written report of each examination, when completed, shall be filed in the office of the commissioner and, when so filed, shall not constitute a public record.
(c) Any person being examined shall produce, upon request, all records of the person. The designated representative of the commissioner may at any time examine the records and affairs of the person, whether in connection with a formal examination or not.
(d) The commissioner may waive the examination requirements of this section if the certificate holder submits audited financial statements.
(e) The person examined shall pay the examination expenses, travel expense and per diem subsistence allowance provided for examiners and incurred by the commissioner's representatives or examiners in connection with an examination in accordance with Section 27-2-25.
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.