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27-7-4.4
Section 27-7-4.4 Fingerprints. (a) In order to make a determination of insurance producer
license eligibility, the commissioner is authorized to require fingerprints of initial resident
applicants for an insurance producer license and to submit the fingerprints and the fee required
to perform the criminal history record checks to the Alabama Department of Public Safety and
the Federal Bureau of Investigation (FBI) for state and national criminal history record checks.
(b) The commissioner shall require a criminal history record check on each initial resident
applicant for insurance producer license in accordance with this section. The commissioner
shall require each applicant to submit a full set of fingerprints, including a scanned file
from a hard copy fingerprint, in order for the commissioner to obtain and receive national
criminal history records from the FBI Criminal Justice Information Services Division. (c)
The commissioner may contract for the collection, transmission, and...
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27-9-3
Section 27-9-3 License - Qualifications. Repealed by Act 2011-637, §3, effective January
1, 2012. To be licensed as an adjuster, the applicant must be qualified therefor as follows:
(1) Must be an individual 19 years of age or more; (2) Must be a resident in and of Alabama
or resident of another state which will permit residents of Alabama regularly to act as adjusters
in such other state; (3) Must be a full-time salaried employee of a licensed adjuster, or
a graduate of a recognized law school or must have had experience or special education or
training as to the handling of loss claims under insurance contracts of sufficient duration
and extent reasonably to make him competent to fulfill the responsibilities of an adjuster;
and (4) Must be trustworthy and of good character. (Acts 1971, No. 407, p. 707, §185.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-9-3.htm - 1K - Match Info - Similar pages
35-8A-313
Section 35-8A-313 Insurance. (a) Commencing not later than the time of the first conveyance
of a unit to a person other than a declarant, the association shall maintain, to the extent
reasonably available: (1) Property insurance on the common elements insuring against all risks
of direct physical loss commonly insured against or, in the case of a conversion building,
against fire and extended coverage perils. The total amount of insurance after application
of any deductibles shall be not less than the greater of 80 percent of the actual cash value
of the insured property at the time the insurance is purchased or such greater percentage
of such actual cash value as may be necessary to prevent the applicability of any co-insurance
provision and at each renewal date, exclusive of land, excavations, foundations, and other
items normally excluded from property policies; and (2) Liability insurance, including medical
payments insurance, in an amount determined by the board but not less than...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-8A-313.htm - 6K - Match Info - Similar pages
6-5-338
Section 6-5-338 Immunity of peace officers and tactical medics from tort liability for
conduct in the line of duty; certain employers of off-duty officers to maintain liability
coverage. (a) Every peace officer and tactical medic, except constables, who is employed or
appointed pursuant to the Constitution or statutes of this state, whether appointed or employed
as a peace officer or tactical medic by the state or a county or municipality thereof, or
by an agency or institution, corporate or otherwise, created pursuant to the Constitution
or laws of this state and authorized by the Constitution or laws to appoint or employ police
officers or other peace officers or tactical medics, and whose duties prescribed by law, or
by the lawful terms of their employment or appointment, include the enforcement of, or the
investigation and reporting of violations of, the criminal laws of this state, and who is
empowered by the laws of this state to execute warrants, to arrest and to take into...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-5-338.htm - 3K - Match Info - Similar pages
27-3-16
Section 27-3-16 Lloyd's insurers. Aggregations of individuals as underwriters, whether
domestic, foreign, or alien, assuming insurance risks upon the plan known as "Lloyd's,"
whereby each underwriter is liable for the proportionate part assumed by him of the whole
amount so insured by a policy issued by such underwriters, may be authorized to transact any
kind, or kinds, of insurance in this state other than life or title insurances if the insurer
is otherwise in compliance with this title, subject to the following conditions: (1) If a
foreign or alien insurer, it must have successfully been in business as an authorized insurer
in the state or country of domicile for at least 10 years. (2) If a domestic insurer, it must
file with the commissioner evidence, satisfactory to him, that it has been soundly organized
and that its insurance operations will, at all times, be competently conducted by individuals
having the necessary experience in insurance underwriting and management to do so,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-3-16.htm - 2K - Match Info - Similar pages
27-31C-4
Section 27-31C-4 Issuance of license - Requirements. (a)(1) The commissioner may not
issue a license to an Alabama Coastal Captive Insurance Company unless the company possesses
and maintains unimpaired paid-in capital of not less than one million dollars ($1,000,000);
however, in the case of an Alabama Coastal Captive Insurance Company formed as a sponsored
captive insurance company that does not assume any risk, where the risks insured by the protected
cells are homogenous, the commissioner may reduce this amount to an amount not less than five
hundred thousand dollars ($500,000). (2) a. Except for an Alabama Coastal Captive Insurance
Company formed as a sponsored captive insurance company that does not assume any risk, the
capital must be in the form of cash, cash equivalent, or an irrevocable letter of credit issued
by a bank chartered by this state or a member bank of the Federal Reserve System with a branch
office in this state or as approved by the commissioner. b. For an...
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27-42-8
Section 27-42-8 Powers and duties. (a) The association shall: (1)a. Be obligated to
pay covered claims existing prior to the order of liquidation arising within 30 days after
the order of liquidation, or before the policy expiration date if less than 30 days after
the order of liquidation, or before the insured replaces the policy or causes its cancellation,
if he or she does so within 30 days of the order of liquidation. The obligation shall be satisfied
by paying to the claimant an amount as follows: 1. The full amount of a covered claim for
benefits under workers' compensation insurance coverage. 2. An amount not exceeding ten thousand
dollars ($10,000) per policy for a covered claim for the return of unearned premium. 3. An
amount not exceeding three hundred thousand dollars ($300,000) or the policy limits, whichever
is less, per claim for all covered claims. For purposes of this limitation, all claims of
any kind whatsoever arising out of, or related to, bodily injury or death to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-42-8.htm - 10K - Match Info - Similar pages
27-9A-9
Section 27-9A-9 Exemptions from examination. (a) An individual applicant for an independent
adjuster license in this state shall not be required to complete any prelicensing course or
examination if the person is currently licensed in another state for the same line or lines
of authority based on an independent adjuster examination or if such state license has expired
and the application is received by this state within 90 days of expiration. The applicant
shall either provide certification from the other state that the applicant's license is currently
in good standing or was in good standing at the time of expiration or the state's producer
database records maintained by the NAIC must indicate that the applicant is or was licensed
in good standing. The certification must be of a license with the same line of authority for
which the individual has applied. (b) A person licensed as an independent adjuster in another
state based on an independent adjuster examination who, within 90 days...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-9A-9.htm - 3K - Match Info - Similar pages
8-33-7
Section 8-33-7 Form and contents of warranty. (a) Every vehicle protection product warranty
in its entirety shall be written, printed, or typed in eight point type size or larger and
shall not be sold or offered for sale in this state unless the warranty: (1) States that the
obligations of the warrantor to the warranty holder are guaranteed under a warranty reimbursement
insurance policy if the warrantor elects to meet its financial responsibility obligations
under subsection (b) of Section 8-33-5 or states that the obligations of the warrantor
under the warranty are backed by the full faith and credit of the warrantor if the warrantor
elects to meet its financial responsibility obligations under subsection (c) of Section
8-33-5. (2) States that in the event a warranty holder must make a claim against a party other
than the warranty reimbursement insurance policy issuer, the warranty holder is entitled to
make a direct claim against the insurer upon the failure of the warrantor to pay...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-33-7.htm - 3K - Match Info - Similar pages
27-31B-16
Section 27-31B-16 Tax on premiums collected. (a) Each captive insurance company shall
pay to the commissioner, by March 1 of each year, a tax at the rate of four-tenths of one
percent on the first 20 million dollars, three-tenths of one percent on the next 20 million
dollars, two-tenths of one percent on the next 20 million dollars, seventy-five thousandths
of one percent on each dollar thereafter on the direct premiums collected or contracted for
on policies or contracts of insurance written by the captive insurance company during the
year ending December 31 next preceding, after deducting from the direct premiums subject to
the tax the amounts paid to policyholders as return premiums which shall include dividends
on unabsorbed premiums or premium deposits returned or credited to policyholders. Notwithstanding
the foregoing, no tax shall be due or payable as to considerations received for annuity contracts.
(b) Each captive insurance company shall pay to the commissioner by March 1 of...
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