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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus
Lines Insurance Multi-State Compliance Compact Act is enacted into law and entered into with
all jurisdictions mutually adopting the compact in the form substantially as follows: PREAMBLE
WHEREAS, with regard to Non-Admitted Insurance policies with risk exposures located in multiple
states, the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted
and Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division,
and others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant
to this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which
the payment of debt service referable to bonds, notes, or other evidences of indebtedness
of a development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of
the authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes,
or other evidences of indebtedness of a development agency that are issued solely for the
purpose in financing a project and that are guaranteed, in whole or in part,...
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41-16-123
Section 41-16-123 Provisions applicable to certain property held by division. This section
shall apply only to that property that has been held by the division for a period of not less
than 60 days from the date the property is first published in the list of surplus property,
as set out in subsection (b) of Section 41-16-121, and not purchased by any eligible
entity as set out in subsection (e) of Section 41-16-120 as follows: (1) All contracts
made by or on behalf of the State of Alabama or a department, board, bureau, commission, institution,
corporation, or agency thereof, of whatever nature for the sale or disposal of tangible personal
property owned by the State of Alabama, other than the following: a. Alcoholic beverages.
b. Products of the Alabama Institute for Deaf and Blind. c. Barter arrangements of the state
prison system. d. Books. e. School supplies. f. Food. g. Property used in vocational projects.
h. Livestock. i. Property owned by any state college or university,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16-123.htm - 9K - Match Info - Similar pages
27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama
hereby agrees to the following interstate compact known as the Interstate Insurance Product
Regulation Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of
joint and cooperative action among the compacting states: 1. To promote and protect the interest
of consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-60-2.htm - 45K - Match Info - Similar pages
16-25A-2
Section 16-25A-2 Public Education Employees' Health Insurance Board; membership, compensation,
oath of office, officers, staff, etc. (a) The Public Education Employees' Health Insurance
Board shall consist of the members of the Board of Control of the Teachers' Retirement System
of Alabama; (b) Board members shall serve without compensation for their services as board
members, but shall be reimbursed from the fund established in subsection (f) of Section
16-25A-8 for all necessary expenses that they may incur through service on the board; (c)
Each board member shall, within 10 days after his appointment or election to the Board of
Control of the Teachers' Retirement System, take an oath of office that, so far as it devolves
on him, he will diligently and honestly administer the affairs of the board herein established,
and that he will not knowingly violate, or willingly permit to be violated, any of the provisions
of law applicable to the Public Employees' Health Insurance Plan. Such...
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16-25A-5.1
Section 16-25A-5.1 Supplemental policy to provide secondary coverage for employees.
The board may, no later than January 1, 2006, offer employees a supplemental policy that provides
secondary coverage to other employer group coverage. (1) For employees who have spouses with
other employer group health insurance coverage available to them through their employer or
previous employer, the board may provide such employees and retirees with a supplemental coverage
policy to the other employer group health insurance coverage in lieu of full basic medical
plan coverage through the plan. (2) An employer that provides its employees and their spouses
with other employer group health insurance coverage may not exclude an employee, as defined
under Section 16-25A-1(1), or his or her spouse from coverage by application of a provision
which does not also apply on the same terms and conditions to other employees or their spouses.
No provision of this section requires an employer to amend its plan to...
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36-29-19.7
Section 36-29-19.7 Retiree contribution based on years of service. (a) The board shall
set forth the employer contribution to the health insurance premium for each retiree class.
(b) For employees who retire other than for disability after September 30, 2005, but before
January 1, 2012, the employer contribution to the health insurance premium set forth by the
board for each retiree class shall be reduced by two percent for each year of service less
than 25 and increased by two percent for each year of service over 25, subject to adjustment
by the board for changes in Medicare premium costs required to be paid by a retiree. In no
case shall the employer contribution of the health insurance premium exceed 100 percent of
the total health insurance premium cost for the retiree. (c)(1) Except as provided in subdivision
(2), for employees who retire after December 31, 2011, the employer contribution to the health
insurance premium set forth by the board for each retiree class shall be...
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45-37A-51.241
Section 45-37A-51.241 Board of health retired employees. (a) Employees of the board
of health, upon termination of such employment after 10 years of actual service to the board
of health, shall have the option to leave in the system fund all contributions made by such
terminated employee and receive a monthly retirement benefit beginning at age 60, in the amount
equal to two percent of such employee's monthly final average salary multiplied by his or
her years of credited service. The benefit shall continue throughout the life of the retiree.
A survivor's benefit calculated as described in Section 45-37A-51.228 shall be provided
to survivors or retirees under this provision if such retired employee has reached age 60
years, however the survivor's benefit rate shall be 60 percent of the retiree's benefit or
as determined by the board of managers. In the event that a terminated employee dies, prior
to receiving a benefit hereunder, or elects at any time to withdraw the contribution to...
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16-25A-8.1
Section 16-25A-8.1 Retiree contribution based on years of service. (a) The board shall
set forth the employer contribution to the health insurance premium for each retiree class.
(b)(1) Except as provided in subdivision (2), for employees who retire after September 30,
2005, but before January 1, 2012, the employer contribution of the health insurance premium
set forth by the board for each retiree class shall be reduced by two percent for each year
of service less than 25 and increased by two percent for each year of service over 25 subject
to adjustment by the board for changes in Medicare premium costs required to be paid by a
retiree. In no case shall the employer contribution of the health insurance premium exceed
100 percent of the total health insurance premium cost for the retiree. (2) Employees who
retire on disability and apply for Social Security Disability shall be exempt from this subsection
for a period of two years and thereafter if the employee is approved for Social...
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36-29-19.2
Section 36-29-19.2 The State Employees' Insurance Board may offer supplemental coverage.
The board may no later than January 1, 2006, offer employees a supplemental coverage to other
employer group health insurance coverage. (1) For employees who have spouses with other employer
group health insurance coverage available to them through their employer, or previous employer,
the board may provide such employees with a supplemental coverage to the other employer group
health insurance coverage in lieu of coverage in the basic medical plan of the State Employees'
Health Insurance Plan. (2) An employer that provides its employees and their spouses with
other employer group health insurance coverage may not exclude an employee, as defined under
Section 36-29-1, or his or her spouse from coverage by application of a provision which
does not also apply on the same terms and conditions to other employees or their spouses.
No provision of this section requires an employer to amend its plan to...
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