Alabama § 27-21-3 - Premium Rates and Administration Expenses.
Full text of Alabama Code of Alabama § 27-21-3 — Premium Rates and Administration Expenses., with citation guidance and answers to common questions.
§ 27-21-3. Premium Rates and Administration Expenses.
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.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-21-3
What does Code of Alabama § 27-21-3 cover?
Section 27-21-3 ("Premium Rates and Administration Expenses.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 27-21-3?
A common citation format is "Code of Alabama § 27-21-3" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 27-21-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.