Section 34-13-193 - Preneed contract forms; disclosure; approval(a) Preneed contract forms and related forms shall be filed with and approved by the board.(b) Specific disclosure regarding whether, consistent with the requirements of this chapter, the certificate holder is placing certain preneed funds received with the contract in trust, in an annuity, or in insurance, is required in the preneed contract.(c) Preneed contracts which have been submitted to the board shall be deemed to have been approved by the board in the event that the board fails to notify the certificate holder that approval has been denied within 30 days following submission to the board.Ala. Code § 34-13-193 (1975)
Renumbered from Section 27-17A-12, Code of Alabama 1975, and amended by Act 2023-94,§ 5, eff. 10/1/2023.Amended by Act 2014-216,§ 3, eff. 7/1/2014.