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;
(2) COMMISSIONER. The Commissioner of Insurance of this state;
(3) INSURER. Any person authorized to do a casualty insurance business or life, accident and sickness insurance business as an insurer in this state and organizations authorized to transact legal expense insurance under Section 27-43-8;
(4) LEGAL EXPENSE INSURANCE. Such term means, irrespective of the definition of insurance in other chapters under this title, the assumption of a contractual obligation to pay for specific legal services or to reimburse for specific legal expenses, in consideration of a specified payment in advance for an interval of time, regardless of whether the payment is made by the beneficiaries individually or by a third person for them, but does not include the provision of or reimbursement for legal services incidental to other insurance coverages.
Structure Code of Alabama
Chapter 43 - Legal Expense Insurance.
Section 27-43-1 - Short Title.
Section 27-43-2 - Purpose of Chapter.
Section 27-43-3 - Definitions.
Section 27-43-4 - Applicability of Chapter.
Section 27-43-5 - Authorization of Prepaid Legal Expense Insurance Business Required.
Section 27-43-6 - Insurers Deemed Eligible to Transact Legal Expense Insurance.
Section 27-43-7 - Procedure for Incorporation of Legal Services Insurance Corporation Generally.
Section 27-43-9 - Bond or Deposit Requirements.
Section 27-43-11 - Premium Rates.
Section 27-43-12 - Filing, Approval, etc., of Contracts Between Insurers and Attorneys, Etc.
Section 27-43-14 - Applicability of Chapters 7 and 8a.
Section 27-43-15 - Registration Requirements - Sales Agents.
Section 27-43-21 - Disposition of Moneys Received From Licenses and Fees.