(a) A dental service corporation will pay the prescribed fees and taxes required of a disability insurer.
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Terms Used In Alabama Code 22-21-374

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • following: means next after. See Alabama Code 1-1-1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
(b) The following provisions of the insurance laws of this state apply to dental service corporations authorized by this article, to the extent that they are not inconsistent with the provisions herein:

(1) Title 27, Chapters 1 and 2, Administration and General Provisions.
(2) Title 27, Chapter 2B, Risk-Based Capital for Insurers.
(3) Title 27, Chapter 4, Fees and Taxes.
(4) Title 27, Chapter 6, Administration of Deposits.
(5) Title 27, Chapter 12, Unfair Trade Practices.
(6) Title 27, Chapter 32, Insurer Insolvency; Rehabilitation and Liquidation.
(c) The commissioner may by rule modify or waive any requirements referred to in subsection (b) for dental service corporations if that is necessary to avoid unreasonable hardship, expense, or inconvenience and if the interests of subscribers continue to be adequately protected.
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