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25-5-317
Section 25-5-317 Assessment of pro rata share; disposition of unexpended balance. (a)
Within 60 days after May 19, 1992, the Secretary of the Department of Labor shall assess each
insurance carrier, self-insured employer, and group fund its pro rata share of the total amount
of up to $4,500,000.00 according to the method set out in Section 25-5-316(d). Of the
total amount, $800,000.00 shall be allocated to pay weekly benefits to the claimants of the
Second Injury Trust Fund until an appropriate budget is approved in accordance with Chapter
4 of Title 41. The assessment shall be deposited into the Workers' Compensation Administrative
Trust Fund and disbursed by the state Comptroller on order of the secretary. (b) The assessment
is appropriated and made available for the initial implementation costs and expenses of the
workers' compensation program to fund activities not included in the general fund appropriation
for fiscal year 1991-1992 and fiscal year 1992-1993, which are peculiar to...
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25-5-316
Section 25-5-316 Workers' Compensation Administrative Trust Fund; creation; management;
trustee and custodian; assessments; penalties. (a) There is established in the State Treasury
a fund entitled the Workers' Compensation Administrative Trust Fund, into which shall be deposited
certain assessments provided under Chapter 5 (commencing with Section 25-5-1) of Title
25 collected by the Department of Labor. The fund shall constitute a separate fund to be disbursed
by the state Comptroller on order of the Secretary of the Department of Labor. All expenses
incurred by the department under the Workers' Compensation Law, including the salaries of
all employees, travel cost, and any other cost of administration and enforcement as may become
necessary, either within or without the state, shall be paid from the separate fund in the
State Treasury upon warrants of the state Comptroller drawn upon the State Treasury from time
to time when vouchers therefor are approved by the secretary. The State...
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25-4-54
Section 25-4-54 Contribution rates for employers subject to benefit charges; determination
of individual benefit charges. (a) Determination of contribution rates. (1) For the 12-month
period beginning on January 1 of each year which begins after December 31, 1996, any employer
whose experience rating account has been subject to benefit charges throughout at least the
fiscal year, as defined in Section 25-4-4, immediately preceding such January 1, shall
have his or her rate determined by the Unemployment Compensation Fund's liability for benefits
paid to his or her employees, modified by the fund's balance as of the most recent June 30.
The employment record of an organization which has been making payments in lieu of contributions
but which elects to change to payment of contributions shall be deemed to have been chargeable
with benefits throughout the period (not to exceed three fiscal years) with respect to which
it was making payments in lieu of contributions and its benefit charges...
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41-14A-6
Section 41-14A-6 Establishment of SAFE board of directors; powers and duties of the
board of directors. (a) There is hereby established a Board of Directors of the SAFE Program
charged with responsibility and authority to assess and manage the sufficiency of the collateral
pool and the SAFE Program to provide adequate protection from losses to public depositors.
In exercising its powers and performing its responsibilities, the board of directors shall
constitute a body politic under the laws of the state performing the public function of assuring
the safety of public deposits. (b) The State Treasurer shall be a permanent, standing, voting
member of the board of directors and shall serve as its chair. The Superintendent of Banks
shall be a permanent, standing, non-voting member of the board of directors. The remaining
six members shall each possess knowledge, skill, and experience in one or more of the following
areas: (1) Financial analysis. (2) Trend analysis. (3) Accounting. (4)...
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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...
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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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45-37-123.01
Section 45-37-123.01 Definitions. For the purposes of this part, the following terms
shall have the following meanings: (1) ACT. The act adding this part, to be called the General
Retirement System for Employees of Jefferson County Act. (2) ACTIVE MEMBER. An individual
who currently is employed by the county or other entities set forth in subdivision (20) and
is making employee contributions to the system. (3) ACTUARIAL EQUIVALENT. Effective July 30,
1984, or such other dates as set forth in Exhibit A, which is maintained in the office of
the pension board, a form of benefit differing in time, period, or manner of payment from
a specific benefit provided under the plan but having the same value when computed using the
mortality tables, the interest rate, and any other assumptions last adopted by the pension
board, which assumptions shall clearly preclude any discretion in the determination of the
amount of a member's benefit. (4) ACTUARIAL GAIN. As defined in Section...
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25-14-10
Section 25-14-10 Professional Employer Organization Registration Administrative Trust
Fund. (a) There is established in the State Treasury a fund entitled the Professional Employer
Organization Registration Administrative Trust Fund. Fees and assessments provided by this
chapter collected by the department shall be deposited in the fund. The fund shall constitute
a separate fund to be disbursed by the state Comptroller on order of the secretary. All expenses
incurred by the department under this chapter, including the salaries of all employees, travel
costs, and any other cost of administration and enforcement as may become necessary, either
within or without the state, shall be paid from the separate fund in the State Treasury upon
warrants of the state Comptroller drawn upon the State Treasury from time to time when vouchers
therefor are approved by the secretary. The State Treasurer shall pay monies from the separate
fund upon the order of the secretary. The total expense for every...
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25-5-293
Section 25-5-293 Duties of secretary; continuing education, accounting; recovery of
expenses; advisory committees; legislative intent regarding reimbursements. (a) The Secretary
of the Department of Labor may prescribe rules and regulations for the purpose of conducting
continuing education seminars for all personnel associated with workers' compensation claims
and collect registration fees in order to cover the related expenditures. The secretary may
adopt rules and regulations setting continuing education standards for workers' compensation
claims personnel employed by insurance companies and self-insured employers and groups. (b)
The secretary shall file annually with the Governor and the presiding officer of each house
of the Legislature a complete and detailed written report accounting for all funds received
and disbursed during the preceding fiscal year. The annual report shall be in the form and
reported in the time provided by law. (c) The secretary shall establish reasonable...
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25-8-32.2
Section 25-8-32.2 Child Labor Administrative Trust Fund. (a) The Child Labor Administrative
Trust Fund is established in the State Treasury into which shall be deposited certain assessments
under this chapter collected by the department. The fund shall constitute a separate fund
to be disbursed by the state Comptroller on order of the secretary. For two years following
May 19, 2009, the child labor division of the department shall be funded from the State General
Fund after which expenses incurred by the child labor division of the department under the
child labor law, including the salaries of all employees, travel cost, and costs of administration
and enforcement as may become necessary, either within or without the state, shall be paid
from the trust fund in the State Treasury upon warrants of the state Comptroller drawn upon
the State Treasury from time to time when vouchers therefor are approved by the secretary.
For the two years referred to in the previous sentence, the amount...
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