About Life Insurance Co of Alabama Life Insurance Co. Since its organization in 1952 Life of Alabama has paid HUNDREDS OF MILLIONS OF DOLLARS in benefits to its policyholdersDuring the past 2 years alone the Company paid out more than 38 MILLION in benefits.
Jimmy Gunn Division Manager.
Association of alabama life insurance companies. You will need to contact your employer for assistance. Ask participating companies that have policy information to respond to you as the requestor if you are the designated beneficiary or are authorized to receive information. Ask participating companies to search their records to determine whether they have a life insurance policy or annuity contract in the name of the deceased that you entered.
2021 National Association of Insurance Commissioners. In Alabama the state guarantees you will be paid 100000 per individual for lost cash value or 300000 per individual for all lost benefits. Life Insurance Company of Alabama.
Founded in 2004 the US Travel Insurance Association UStiA is a United States registered 501c non-profit association of companies involved in the development sales marketing or implementation of travel insurance and related products and services. The state uses this code to regulate claims and provide certain provisions to protect Alabama life insurance consumers. Of Alabama writes individual accident and health and traditional individual life insurance.
Executive Life Insurance Company ELIC was a large issuer of life insurance structured settlement annuities group annuities and guaranteed investment contracts GICs issued to pension plans and municipalities. We hope you find this site helpful in providing information regarding the purpose of the guaranty association and how it assists Alabama policyholders in the event of an insurance company insolvency. The State Insurance Department is required by the Code of Alabama 1975 Section 27-7-1 through 27-8A-13 to license individuals selling insurance in the State of Alabama.
Alabama life insurance specifics. Surplus is returned to the members in the form of refunds or dividends or it is invested to ensure the stability of the funds. This is FindLaws hosted version of Alabama Code Title 27.
Alabama Independent Insurance Agents Inc. Browse our website to find out more about the products we offer and why LICOA has been the go to company for all of your insurance coverage needs for 66 years. FAQ What is different about a self-insurance fund.
With this in mind people living in Alabama may want to consider their life insurance options. The Alabama Life Disability Insurance Guaranty Association was created by the Alabama legislature in 1983 to protect Alabama residents who are policyholders and beneficiaries of policies issued by an insolvent insurance company up to specified limits. Find an Agent Become a Member Member Login Member Services for your Agency Coverage Access for your Clients Coronavirus Resources Updates Through the Big I Markets platform any Big I member agency can quote and bind insurance online.
Welcome to the Alabama Life Disability Insurance Guaranty Association ALDIGA or guaranty association Web site. The Company is licensed in several states with. Use this page to navigate to all sections within the Title 27.
All life insurance policies in the state are backed and insured by the Alabama Life and Disability Insurance Guaranty Association. Assisted Living Association of Alabama. Help resolve complaints or investigate matters for plans or insurance agents agencies brokers or companies that are not subject to the insurance laws of the State of Alabama Please note if the insurance company is self-funded your employer administers the program.
The NAIC provides expertise data and analysis for insurance commissioners to effectively regulate the industry and protect consumers. Henry van Arcken Director of Insurance Services 334-263-7594. The insurance industry in Alabama is regulated by The State Insurance Code of Alabama.
The official website of the Alabama Department of Insurance. A conservation order was issued for ELIC on April 11 1991 and a liquidation order was entered on December 6 1991. The National Association of Insurance Commissioners NAIC is the state-based standard-setting organization governed by the chief insurance regulators from the 50 states the District of Columbia and five US.
Travel insurance carriers third-party administrators and allied businesses that. Big I members also have direct access to Coalitions licensed agents. The official website of the Alabama Department of Insurance.
Board members are peers. A self-insurance fund is like a family. File a Complaint Search for Life Insurance Policy View Long-Term Care Info etc.