2015 Code of Alabama
Title 27 - INSURANCE.
Chapter 17A - PRENEED FUNERAL AND CEMETERY ACT.
Article 2 - Certificate of Authority.
Section 27-17A-12 - Preneed contract forms; disclosure; approval.
(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.
(Act 2002-74, p. 221, §1; Act 2014-216, §3.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
