Alabama Statutes
§ 27-21-3 — Premium Rates and Administration Expenses
Alabama § 27-21-3
This text of Alabama § 27-21-3 (Premium Rates and Administration Expenses) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 27-21-3 (2026).
Text
Each insurer or association electing to come under the provisions of this chapter shall charge the same premium for the same insurance coverage and be allowed the same percentage for expense of administration. Such premium rate and percentage for administration expense shall be determined and approved by the commissioner so as to maintain the nonprofit basis of the plan.
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Legislative History
(Acts 1971, No. 501, p. 1218.)
Nearby Sections
15
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Bluebook (online)
Alabama § 27-21-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-21-3.