|
27-10-32
Section 27-10-32 Revocation or suspension of surplus line broker's license. (a) The
commissioner may revoke or suspend any surplus line broker's license for any one or more of
the following: (1) If the broker fails to file an annual statement or to remit the tax as
required by law. (2) If the broker fails to keep the records or to allow the commissioner
to examine the broker's records as required by law. (3) For any of the causes for which a
producer's license may be revoked. (b) The commissioner may suspend or revoke the broker's
license if the commissioner finds that the broker has, willfully or without exercise of due
care, placed any insurance coverage with an unauthorized insurer in violation of any of the
requirements or conditions of Section 27-10-20. (c) The procedures and rights provided
by Section 27-7-19 as for the suspension or revocation of producers' licenses shall
be applicable to suspension or revocation of a surplus line broker's license. (d) No broker
whose license...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-10-32.htm - 1K - Match Info - Similar pages
27-31A-12
Section 27-31A-12 Duty of producers to obtain license. (a) Risk retention groups. Persons
representing or aiding a risk retention group in the solicitation or negotiation of liability
insurance in this state and the risk retention group with respect thereto shall be subject
to Chapters 7 and 8A of this title. (b) Purchasing groups. (1) No person, firm, association,
or corporation shall act or aid in any manner in soliciting, negotiating, or procuring liability
insurance in this state for a purchasing group from an authorized insurer or a risk retention
group chartered in a state unless the person, firm, association, or corporation is licensed
as an insurance producer in accordance with Chapter 7, commencing with Section 27-7-1,
of this title. (2) No person, firm, association, or corporation shall act or aid in any manner
in soliciting, negotiating, or procuring liability insurance coverage in this state for any
member of a purchasing group under a purchasing group's policy unless that...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-31A-12.htm - 2K - Match Info - Similar pages
27-7-1
Section 27-7-1 Definitions. For the purposes of this chapter, the following terms shall
have the meanings respectively ascribed to them by this section: (1) BUSINESS ENTITY.
A corporation, association, partnership, limited liability company, limited liability partnership,
or other legal entity. (2) COMMISSIONER. The Alabama Commissioner of Insurance. (3) HOME STATE.
The District of Columbia and any state or territory of the United States in which an insurance
producer maintains his or her principal place of residence or principal place of business
and is licensed to act as an insurance producer. (4) INSURANCE. As defined in Section
27-1-2. (5) INSURANCE PRODUCER or PRODUCER. A person required to be licensed under the laws
of this state to sell, solicit, or negotiate insurance. (6) INSURER. As defined in Section
27-1-2. For the purposes of this chapter, insurer shall also mean an insurance company licensed
pursuant to Chapter 3, commencing with Section 27-3-1 of this title; a health...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-7-1.htm - 7K - Match Info - Similar pages
27-12-17
Section 27-12-17 Collection of premiums or charges when insurance not provided; excess
premium or charge. (a) No person shall willfully collect any sum as premium or charge for
insurance which insurance is not then provided or is not in due course to be provided, subject
to acceptance of the risk by the insurer, by an insurance policy issued by an insurer as permitted
by this title. (b) No person shall willfully collect as premium or charge for insurance any
sum in excess of the premium or charge applicable to the insurance and as specified in the
policy in accordance with the applicable classifications and rates as filed with, and approved
by, the commissioner or, in cases where classifications, premiums, or rates are not required
by this title to be so filed and approved, the premiums and charges shall not be in excess
of those specified in the policy and as fixed by the insurer. This section shall not
be deemed to prohibit the charging and collection by surplus line brokers licensed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-12-17.htm - 2K - Match Info - Similar pages
27-34-45
Section 27-34-45 Misrepresentations. No person shall cause or permit to be made, issued,
or circulated in any form: (1) Any misrepresentation or false or misleading statement concerning
the terms, benefits, or advantages of any fraternal insurance contract now issued, or to be
issued, in this state or the financial condition of any society; (2) Any false or misleading
estimate or statement concerning the dividends or shares of surplus paid, or to be paid, by
any society on any insurance contract; or (3) Any incomplete comparison of an insurance contract
of one society with an insurance contract of another society or insurer for the purpose of
inducing the lapse, forfeiture, or surrender of any insurance contract. A comparison of insurance
contracts is incomplete: a. If it does not compare in detail: 1. The gross rates and the gross
rates less any dividend or other reduction allowed at the date of the comparison; and 2. Any
increase in cash values and all the benefits provided by each...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-34-45.htm - 2K - Match Info - Similar pages
27-29-5
Section 27-29-5 Transactions of insurers with affiliates; adequacy of surplus; dividends
and other distributions. (a) Transactions within an insurance holding company system to which
an insurer subject to registration is a party shall be subject to all of the following standards:
(1) The terms shall be fair and reasonable. (2) Agreements for cost sharing services and management
shall include such provisions as required by rule and regulation issued by the commissioner.
(3) Charges or fees for services performed shall be reasonable. (4) Expenses incurred and
payment received shall be allocated to the insurer in conformity with customary insurance
accounting practices consistently applied. (5) The books, accounts, and records of each party
to all such transactions shall be so maintained as to clearly and accurately disclose the
nature and details of the transactions including such accounting information as is necessary
to support the reasonableness of the charges or fees to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-29-5.htm - 11K - Match Info - Similar pages
27-2B-4
Section 27-2B-4 Company action level event; preparation and submission of RBC plan or
revised RBC plan; notification of unsatisfactory filing; copies of plans. (a) Company action
level event means any of the following events: (1) The filing of an RBC report by an insurer
which indicates any of the following: a. The insurer's total adjusted capital is greater than
or equal to its regulatory action level RBC, but less than its company action level RBC. b.
If a life or health insurer or fraternal benefit society, the insurer has total adjusted capital
which is greater than or equal to its company action level RBC but less than the product of
its authorized control level RBC and 3.0 and has a negative trend. c. If a property and casualty
insurer or a health organization, the insurer has total adjusted capital which is greater
than or equal to its company action level RBC, but less than the product of its authorized
control level RBC and 3.0, and triggers the trend test determined in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-2B-4.htm - 5K - Match Info - Similar pages
39-2-12
Section 39-2-12 Partial and final payments of contractors by awarding authorities. (a)
As used in this section the following words shall have the meanings ascribed to them
as follows: (1) CONTRACTOR. Any natural person, partnership, company, firm, corporation, association,
limited liability company, cooperative, or other legal entity licensed by the Alabama State
Licensing Board for General Contractors. (2) NONRESIDENT CONTRACTOR. A contractor which is
neither a. organized and existing under the laws of the State of Alabama, nor b. maintains
its principal place of business in the State of Alabama. A nonresident contractor which has
maintained a permanent branch office within the State of Alabama for at least five continuous
years shall not thereafter be deemed to be a nonresident contractor so long as the contractor
continues to maintain a branch office within Alabama. (3) RETAINAGE. That money belonging
to the contractor which has been retained by the awarding authority conditioned on...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-2-12.htm - 18K - Match Info - Similar pages
22-18-50
Section 22-18-50 Enactment and text of Emergency Medical Services Personnel Licensure
Interstate Compact. The Emergency Medical Services Personnel Licensure Interstate Compact
is hereby enacted into law and entered into with all other jurisdictions legally joining therein
in form substantially as follows: SECTION 1. PURPOSE In order to protect the public
through verification of competency and ensure accountability for patient care related activities
all states license emergency medical services (EMS) personnel, such as emergency medical technicians
(EMTs), advanced EMTs and paramedics. This Compact is intended to facilitate the day to day
movement of EMS personnel across state boundaries in the performance of their EMS duties as
assigned by an appropriate authority and authorize state EMS offices to afford immediate legal
recognition to EMS personnel licensed in a member state. This Compact recognizes that states
have a vested interest in protecting the public's health and safety...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-18-50.htm - 41K - Match Info - Similar pages
15-22-1.1
Section 15-22-1.1 Interstate Compact for Adult Offender Supervision. Whereas: The Interstate
Compact for the Supervision of Parolees and Probationers was established in 1937, it is the
earliest corrections "compact" established among the states and has not been amended
since its adoption over 62 years ago; Whereas: This compact is the only vehicle for the controlled
movement of adult parolees and probationers across state lines, and it currently has jurisdiction
over more than a quarter of a million offenders; Whereas: The complexities of the compact
have become more difficult to administer, and many jurisdictions have expanded supervision
expectations to include currently unregulated practices such as victim input, victim notification
requirements, and sex offender registration; Whereas: After hearings, national surveys, and
a detailed study by a task force appointed by the National Institute of Corrections, the overwhelming
recommendation has been to amend the document to bring about...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/15-22-1.1.htm - 43K - Match Info - Similar pages
|