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16-25A-8
Section 16-25A-8 Funding of health insurance plan; participation; Public Education Employees'
Health Insurance Fund. (a) The Public Education Employees' Health Insurance Board is hereby
authorized to provide under the contract or contracts entered into under the provisions of
this article an insurance benefit plan for each covered employee and, under certain conditions,
retired employees; the cost of such plan may be funded in part or in full through monthly
premiums per active employee from the same source of funds as those used for the payment of
salaries of active members and in part from other funds. (b) On or before January 1 next preceding
each regular meeting of the Legislature, the board shall certify to the Governor and to the
Legislature the amount or amounts necessary to fund coverage for benefits authorized by this
article for the following fiscal year for employees and for retired employees as a monthly
premium per active member per month. The Legislature shall set the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25A-8.htm - 6K - Match Info - Similar pages
27-31B-10
Section 27-31B-10 Examinations and investigations. (a) At least once in three years, and whenever
the commissioner determines it to be prudent, the commissioner shall visit each captive insurance
company and thoroughly inspect and examine its affairs to ascertain its financial condition,
its ability to fulfill its obligations, and whether it has complied with this chapter. The
commissioner, upon application, may enlarge the three-year period to five years, provided
the captive insurance company is subject to a comprehensive annual audit during that period
of a scope satisfactory to the commissioner by independent auditors approved by the commissioner.
The expenses and charges of the examination shall be in accordance with Section 27-2-25. (b)
All examination reports, preliminary examination reports or results, working papers, recorded
information, documents, and copies thereof produced by, obtained by, or disclosed to the commissioner
or any other person in the course of an examination...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-31B-10.htm - 3K - Match Info - Similar pages
40-21-52
Section 40-21-52 Freight lines and equipment companies. Any person, firm, joint-stock association,
or corporation, wherever organized or incorporated, engaged in the business of operating,
renting, leasing, or furnishing cars not otherwise listed for taxation in this state for the
transportation of freight, whether such freight is owned by such company or any other person,
firm, joint-stock association, or corporation, over any railroad or railway line or lines
in whole or in part within this state, such line or lines not being owned, leased, or operated
by such person, firm, joint-stock association, or corporation, whether such cars are termed
box, flat, coal, ore, tank, stock, gondola, furniture, automobile, refrigerator, or some other
name, shall be deemed to be a freight line or equipment company. Each freight line or equipment
company doing business, owning, operating, renting, leasing, or furnishing cars which are
operated in this state shall, on or before March 1 each year, make...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-21-52.htm - 4K - Match Info - Similar pages
40-21-8
Section 40-21-8 Returns of telegraph and telephone companies generally. The president, secretary,
auditor, or managing agent in this state of every telegraph or telephone company, whose line
or any part thereof is located within this state, must annually, on or before March 1 of each
year, make under oath to the Department of Revenue a return, in such reasonable detail as
may be prescribed by such department, on all the property belonging to such company in this
state and connected with the business, specifying the several counties in which such property
is situated and the items of property situated in each of such counties, towns and school
districts. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, ยง149.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-21-8.htm - 1022 bytes - Match Info - Similar pages
45-37A-51.262
Section 45-37A-51.262 Life insurance; security. (a) Should a participant obtaining a loan terminate
employment for any reason, the participant shall be required to post security or collateral
to allow for payments on the loan to continue subsequent to retirement or repay the loan balance
within 60 days after termination, or the participant's retirement benefit under Division 6
shall be affected. The entire pension loan, including interest thereon, shall be paid in full
prior to receiving any pension benefits funds or return of contributions. Provided however,
if the participant is due to collect a retirement benefit beginning immediately upon termination,
the posting of insurance and/or security shall allow the payments to be deducted from the
participant's pension check. Such security may include a policy of insurance on his or her
life, all premiums payable by the participant, providing for the insurance company to repay
the unpaid balance of the loan in the event of his or her death...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.262.htm - 1K - Match Info - Similar pages
8-6-3
Section 8-6-3 Registration and bonds of dealers, agents, investment advisers, etc. (a) It is
unlawful for any person to transact business in this state as a dealer or agent for securities
unless he or she is registered under this article. It is unlawful for any dealer or issuer
to employ an agent unless the agent is registered. (b) It is unlawful for any person to transact
business in this state as an investment adviser or as an investment adviser representative
unless: (1) He or she is so registered under this article; (2) His or her only clients in
this state are investment companies as defined in the Investment Company Act of 1940, other
investment advisers, broker-dealers, banks, trust companies, savings and loan associations,
insurance companies, employee benefit plans with assets of not less than $1,000,000, and governmental
agencies or instrumentalities, whether acting for themselves or as trustees with investment
control, or other institutional investors as are designated by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-6-3.htm - 12K - Match Info - Similar pages
2-15-63
Section 2-15-63 Bonds of livestock market operators. Any person operating a livestock market
in this state shall make and execute a bond in favor of the State of Alabama, which bond shall
be made by a surety company qualified to do business in the State of Alabama and such bond
shall be filed in the office of the commissioner. The minimum amount of such bond shall be
$5,000.00 or such greater sum not to exceed $50,000.00. The exact amount of said bond shall
be determined by dividing the gross amount of business done by such livestock market during
the preceding 12 months or such part thereof as the livestock market was engaged in business
by the number of days on which sales were made, and such bond shall be not less than the nearest
multiple of $1,000.00. Any bond accepted under the provisions of this section shall be not
less than $5,000.00 nor more than $50,000.00. In the event the livestock market has not engaged
in business during the year preceding the date of its application for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-15-63.htm - 3K - Match Info - Similar pages
27-15-78
Section 27-15-78 Calculations of adjusted premiums by the nonforfeiture net level premium method.
(a) This section shall apply to all policies issued on or after the operative date of this
section as defined herein. Except as provided in subsection (g), the adjusted premiums for
any policy shall be calculated on an annual basis and shall be such uniform percentage of
the respective premiums specified in the policy for each policy year, excluding extra premiums
on a substandard policy and also excluding any uniform annual contract charge or policy fee
specified in the policy in a statement of the method to be used in calculating the cash surrender
values and paid-up nonforfeiture benefits, that the present value, at the date of issue of
the policy, of all adjusted premiums shall be equal to the sum of: (1) The then present value
of the future guaranteed benefits provided for by the policy. (2) One percent of either the
amount of insurance, if the insurance be uniform in amount, or the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-78.htm - 12K - Match Info - Similar pages
27-4-8
Section 27-4-8 Annual license fee of life insurers organized to aid nonprofit educational and
scientific institutions. Annuity considerations and premiums received by a life insurer licensed
to transact business in this state and which is organized and operated without profit to any
private shareholder or individual and exclusively for the purpose of aiding nonprofit education
and scientific institutions by issuing insurance or annuity contracts only for the benefit
of such institutions and individuals employed in the services thereof at the time such policy
or contract is issued shall not be subject to the payment of a privilege tax based upon premiums
or annuity considerations under the provisions of this chapter or any other law of this state.
In lieu of such privilege tax upon premiums and annuity considerations, such nonprofit company
shall pay an annual license fee of $5,000.00 to the commissioner for the privilege of transacting
an insurance business in this state. The initial...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-4-8.htm - 1K - Match Info - Similar pages
36-29-6
Section 36-29-6 Authorization and execution of contracts; documentation of benefits. (a) The
board is hereby authorized to execute a contract or contracts to provide the plan determined
in accordance with the provisions of this chapter. Such contract or contracts may be executed
with one or more agencies or corporations licensed to transact or administer group health
insurance business in this state. All of the benefits to be provided under this chapter may
be included in one or more similar contracts issued by the same or different companies. (b)
Before entering into any contract or contracts authorized by subsection (a) of this section,
the board shall invite competitive bids from all qualified entities who may wish to administer
or offer plans for the health insurance coverage desired. The board shall award such contract
or contracts on a competitive basis as determined by the benefits afforded, administrative
costs, the costs to be incurred by employee, retiree, and employer, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-29-6.htm - 3K - Match Info - Similar pages
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