§ 27-13-26 — Rating Organizations - Withdrawal, Expulsion, and Readmission of Members or Subscribers

Alabama § 27-13-26

• Jurisdiction: Alabama
• Title 27: Insurance
• Ch. 13: Rates and Rating Organizations
• Art. 2: Fire, Etc., and Inland Marine Insurance

Text

Every rating organization shall notify the department within 10 days upon the withdrawal or expulsion therefrom of any member or subscriber. Should a rating organization expel or otherwise exclude a subscriber for the refusal or failure of such subscriber to pay such rating organization the subscribership fee agreed upon, such rating organization shall readmit such subscriber upon payment to it of any delinquent charges. No insurer shall, after expulsion or withdrawal from a rating organization, use any rate or rating system made by such rating organization during the period that such expulsion or withdrawal continues.

Legislative History

(Acts 1945, No. 132, p. 133, §16; Acts 1971, No. 407, p. 707, §273.)