Alabama Code (Last Updated: November 28, 2014) |
Title27 INSURANCE. |
Chapter13. RATES AND RATING ORGANIZATIONS. |
Article3. Casualty and Surety Insurance. |
§27-13-64. Rating organizations - Admission, withdrawal, expulsion or readmission of members or subscribers.
Latest version.
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Every rating organization shall notify the department within 10 days upon the admission, 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 charges agreed upon, such rating organization shall readmit such subscriber upon payment to it of any delinquent charges.