SB298
174083-2:n:02/24/2016:KMS*/cj LRS2016-633R1 SB298 By Senators Hightower and Pittman RFD Banking and Insurance Rd 1 24-FEB-16 SYNOPSIS: Under existing law, all insurers authorized and writing property insurance in the State of Alabama are required to be members of the Alabama Insurance Underwriting Association, which was established to provide a method whereby essential property insurance coverage would be provided in any county contiguous to the Gulf of Mexico and Mobile Bay. This bill would create the Alabama Coastal Insurance Authority for the purpose of providing affordable windstorm insurance for owners of insurable property in any county contiguous to the Gulf of Mexico and Mobile Bay. This bill would provide for the selection of the board of directors of the authority. This bill would provide for the adoption of the plan of operation of the authority, including the process for post-loss assessments of policyholders and assessable insurers. This bill would authorize the sale of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB298.htm - 38K - Match Info - Similar pages
HB270
cell captive insurance companies. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 27-31B-2, 27-31B-3, 27-31B-6, 27-31B-8, 27-31B-9, 27-31B-12, 27-31B-16, 27-31B-19, 27-31B-20, 27-31B-22, and 27-31B-24, Code of Alabama 1975, are amended to read as follows: §27-31B-2. "As used in this chapter, the following terms shall have the following meanings, unless the context clearly indicates otherwise: "(1) AFFILIATED COMPANY. Any company in the same corporate system as a parent, an industrial insured, or a member organization by virtue of common ownership, control, operation, or management. "(2) ALIEN CAPTIVE INSURANCE COMPANY. Any insurance company formed to write insurance business for its parents and affiliates and licensed pursuant to the laws of an alien jurisdiction which imposes statutory or regulatory standards in a form acceptable to the commissioner on companies transacting the business of insurance in that jurisdiction. "(3) ASSOCIATION. Any legal association of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB270.htm - 59K - Match Info - Similar pages
HB326
173229-1:n:02/04/2016:PMG/mfc LRS2016-261 HB326 By Representatives Todd, Hall, Coleman, Moore (M), Rogers, Jackson, England, Melton, Grimsley, Morrow, Beech, Buskey, Howard, Bracy, Polizos, Drummond, Forte, Warren, Greer, Sessions, Gaston, Pringle, Collins, Nordgren, Rowe, Henry, Treadaway and Harper RFD Financial Services Rd 1 25-FEB-16 SYNOPSIS: Under existing law, title loan lenders are not licensed. This bill would provide for the licensure and regulation of title loan lenders by the State Banking Department. This bill would prescribe maximum annual interest rates for title loans. This bill would prescribe procedures when there is a default of a title loan. This bill would prohibit the issuance of a title loan to a person under the age of 19 years. This bill would provide for the enforcement of the act by fines and criminal penalties. Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB326.htm - 47K - Match Info - Similar pages
SB301
173229-1:n:02/04/2016:PMG/mfc LRS2016-261 SB301 By Senator Orr RFD Fiscal Responsibility and Economic Development Rd 1 24-FEB-16 SYNOPSIS: Under existing law, title loan lenders are not licensed. This bill would provide for the licensure and regulation of title loan lenders by the State Banking Department. This bill would prescribe maximum annual interest rates for title loans. This bill would prescribe procedures when there is a default of a title loan. This bill would prohibit the issuance of a title loan to a person under the age of 19 years. This bill would provide for the enforcement of the act by fines and criminal penalties. Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, prohibits a general law whose purpose or effect would be to require a new or increased expenditure of local funds from becoming effective with regard to a local governmental entity without...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB301.htm - 46K - Match Info - Similar pages
SB242
173544-1:n:02/05/2016:LFO-HP*/bdl SB242 By Senator Pittman RFD Finance and Taxation Education Rd 1 16-FEB-16 SYNOPSIS: This bill updates the sales and use tax laws to provide for definitions of tangible personal property and digital goods. This bill also amends the definition of a wholesale sale to add clarification and consistency to the sales and use tax code. A BILL TO BE ENTITLED AN ACT Relating to sales and use tax definitions; to amend Sections 40-23-1, 40-23-2, 40-23-60, and 40-23-61 of the Code of Alabama 1975, to add and update definitions. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 40-23-1, 40-23-2, 40-23-60, and 40-23-61, Code of Alabama 1975 are hereby amended to read as follows: §40-23-1. "(a) For the purpose of this division, the following terms shall have the respective meanings ascribed by this section: "(1) PERSON or COMPANY. Used interchangeably, includes any individual, firm, copartnership, association, corporation, receiver, trustee, or any...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB242.htm - 47K - Match Info - Similar pages
HB202
Rep(s). By Representative Poole HB202 ENROLLED, An Act, To adopt a revised Alabama Limited Partnership Law as Chapter 9A of Title 10A of the Code of Alabama 1975; to provide for the various processes of formation of a limited partnership; to provide default provisions; to provide that certain obligations of a limited partnership may not be modified in the agreement; to specify the information required to be included in various filings; to specify that when both the converting entity and the converted entity are domestic entities, the statement of conversion and the certificate of formation would be filed simultaneously with the Secretary of State; to make various harmonizing changes to the limited liability company law; to amend Sections 10A-1-1.03, 10A-1-1.06, 10A-1-1.08, 10A-1-4.26, 10A-1-6.02, 10A-1-6.13, 10A-1-6.25, 10A-1-7.07, 10A-5A-1.10, 10A-5A-4.01, 10A-5A-5.04, 10A-5A-7.01, 10A-5A-7.02, 10A-5A-10.03, 10A-5A-10.04, 10A-5A-10.07, and 10A-5A-10.08, Code of Alabama 1975; and to...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB202.htm - 233K - Match Info - Similar pages
SB151
173107-4:n:02/08/2016:JMH/hh LRS2015-3468R2 SB151 By Senator Ward RFD Judiciary Rd 1 09-FEB-16 SYNOPSIS: This bill would revise the Alabama Limited Partnership Law as Chapter 9A of Title 10A of the Code of Alabama 1975. This bill would harmonize the existing limited partnership law and the existing limited liability company law by reducing the differences between the two laws. This bill would harmonize, to the extent possible, the various processes of formation, filings, notice, amendment and restatement of certificates of formation, admission of limited partners and general partners, contributions and distributions, dissociation of partners and the effects thereof, transfers of interests, charging orders, rights of personal representatives, dissolution and winding up, direct and derivative actions, and conversions and mergers. This bill would continue to specify various default provisions which would apply to a partnership agreement unless modified by the partners in the partnership...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB151.htm - 236K - Match Info - Similar pages
HB515
Rep(s). By Representative Robinson HB515 ENROLLED, An Act, Relating to any Class 1 municipality; to amend Sections 45-37A-52.55, 45-37A-52.56, 45-37A-52.59, 45-37A-52.95, 45-37A-52.128, 45-37A-52.134, 45-37A-52.198, 45-37A-52.200, and 45-37A-52.270 of the Code of Alabama 1975, relating to the mayor-council form of government; to further provide for the powers and duties of the mayor and the council. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 45-37A-52.55, 45-37A-52.56, 45-37A-52.59, 45-37A-52.95, 45-37A-52.128, 45-37A-52.134, 45-37A-52.198, 45-37A-52.200, and 45-37A-52.270 of the Code of Alabama 1975, are amended to read as follows: §45-37A-52.55. "The At the first meeting, which shall be held immediately following the effective date of the act adding this amendatory language, and then subsequently at the first meeting held after the election of the council after the effective date of the act adding this amendatory language and every two years thereafter, the...
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SB243
SB243 By Senator Reed ENROLLED, An Act, Relating to universities; to enact the University Authority Act of 2016, to authorize constitutionally created public universities and public universities operating schools of medicine to form a new type of public corporation to be called an authority; to express legislative intent; to establish procedures for incorporation of authorities by universities; to prescribe requirements for and powers of a board of directors and officers of an authority; to prescribe powers of an authority, which includes the power to form university affiliates; to authorize authorities to exercise their powers even if the exercise of such powers would be deemed anticompetitive or monopolistic under federal or state antitrust laws; to grant authorities the power of eminent domain; to authorize authorities to issue obligations such as bonds, notes, and other evidences of indebtedness; to authorize liens on the revenues and assets of an authority or a university...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB243.htm - 47K - Match Info - Similar pages
HB241
173341-1:n:02/03/2016:PMG/mfc LRS2016-274 HB241 By Representatives Pringle, South, Sessions, Morrow, Beech, McCampbell, Williams (JD) and Greer RFD Commerce and Small Business Rd 1 16-FEB-16 SYNOPSIS: This bill would authorize public universities operating schools of medicine to form a new type of public corporation to be called an authority. This bill would provide procedures for the incorporation, reincorporation, and dissolution of an authority. This bill would prescribe powers of an authority, including the power to form university affiliates, the power of eminent domain, and the power to incur indebtedness. This bill would authorize an authority to exercise its powers even if doing so would be deemed anticompetitive or monopolistic under federal or state antitrust laws. This bill would authorize liens on the revenues and assets of an authority or university affiliate. This bill would exempt an authority and university affiliate from state taxation and exempt indebtedness issued by...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB241.htm - 53K - Match Info - Similar pages
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