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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27-10-34
Section 27-10-34 Exemptions from surplus line insurance law. The provisions of this
surplus line insurance law controlling the placing of insurance with unauthorized insurers
shall not apply to reinsurance or to the following insurances when so placed by licensed agents
or brokers of this state: (1) Wet marine and transportation insurance; (2) Insurance on subjects
located, resident or to be performed wholly outside of this state or on vehicles or aircraft
owned and principally garaged outside this state; (3) Insurance on property or operation of
railroads engaged in interstate commerce; (4) Insurance of aircraft owned or operated by manufacturers
of aircraft or aircraft operated in scheduled interstate flight, or cargo of such aircraft
or against liability, other than workmen's compensation and the employer's liability, arising
out of the ownership, maintenance, or use of such aircraft; and (5) The property and operations
of the shipbuilding and ship repair industry engaged in...
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27-3-7
Section 27-3-7 Authority to transact insurance - Kind or combinations of kinds - Minimum
paid-in capital stock and surplus. (a) To qualify for authority to transact any one kind of
insurance, as defined in Chapter 5 of this title, or combination of kinds of insurance as
shown below, an insurer applying for its original certificate of authority in this state after
the effective date of this title or continuing such original certificate of authority shall
possess and thereafter maintain unimpaired paid-in capital stock, if a stock insurer, or unimpaired
surplus, if a foreign mutual or foreign reciprocal insurer, in amount not less than as applicable
under the schedule below and shall possess when first so authorized such additional funds
as surplus as are required under Section 27-3-8: Kind or kinds of insurance Minimum
capital or surplus required Life $800,000.00 Disability 500,000.00 Life and disability 800,000.00
Property 300,000.00 Marine 300,000.00 Casualty 400,000.00 Surety...
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27-40-15
Section 27-40-15 Premium financed to be sent to insurance company, agent, or surplus
lines broker; issuance of drafts, etc.; duties with respect to cancellation. (a) The amount
of premium financed, more specifically referred to as "the principal balance" in
paragraph c. of subdivision (3) of subsection (a) of Section 27-40-8, shall be sent
to the insurance company or companies, or the agent or surplus lines broker. (b) All drafts,
checks, or other orders of payment issued for premiums financed shall be issued by or on behalf
of the premium finance company and shall be mailed, delivered, or otherwise transmitted directly
to the insurance company or its agent, or surplus lines broker. Any check, draft, or other
order or form of payment to any insurance agent, insurance broker, managing general agent,
or other person, when issued shall be presumed to have been issued by the duly authorized
agent of the premium finance company which provided the checks or drafts to the person issuing
the...
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27-10-23
Section 27-10-23 Validity and enforceability of surplus line contracts. Insurance contracts
procured as "surplus line" coverages from unauthorized insurers in accordance with
this article shall be fully valid and enforceable as to all parties and shall be given acceptance
and recognition in all matters and respects to the same effect and extent as like contracts
issued by authorized insurers. (Acts 1963, No. 521, p. 1112, §10; Acts 1971, No. 407, p.
707, §198.)...
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27-10-55
Section 27-10-55 Exemptions. This Unauthorized Insurers Process Act shall not apply
as to surplus line insurance lawfully effectuated under this title nor to any action or proceeding
against an unauthorized insurer arising out of: (1) Wet marine and transportation insurance;
(2) Insurance on, or with respect to, subjects located, resident or to be performed wholly
outside this state or on, or with respect to, vehicles or aircraft owned and principally garaged
outside this state; (3) Insurance on property or operations of railroads engaged in interstate
commerce; or (4) Insurance on aircraft or cargo of such aircraft or against liability, other
than employer's liability, arising out of the ownership, maintenance, or use of such aircraft
where the policy or contract contains a provision designating the commissioner as its attorney
for the acceptance of service of lawful process in any action or proceeding instituted by,
or on behalf of, an insured or beneficiary arising out of any such...
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27-27-15
Section 27-27-15 Domestic mutual insurers - Authorization to transact insurance. (a)
When newly organized, a domestic mutual insurer may be authorized to transact any one of the
kinds of insurance listed in the schedule contained in subsection (b) of this section.
(b) When applying for an original certificate of authority, the insurer must be otherwise
qualified therefor under this title and must have received and accepted bona fide applications
as to substantial insurable subjects for insurance coverage of a substantial character of
the kind of insurance proposed to be transacted, must have collected in cash the full premium
therefor at a rate not less than that usually charged by other insurers for comparable coverages,
must have surplus funds on hand and deposited as of the date such insurance coverages are
to become effective or, in lieu of such applications, premiums and surplus and may deposit
surplus, all in accordance with that part of the following schedule which applies to...
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27-10-38
Section 27-10-38 Short title. This article constitutes, and may be referred to as, "the
surplus line insurance law." (Acts 1971, No. 407, p. 707, §194.)...
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27-27-20
Section 27-27-20 Domestic mutual insurers - Authorization to transact additional kinds
of insurance. A domestic mutual insurer, after being authorized to transact one kind of insurance,
may be authorized by the commissioner to transact such additional kinds of insurance as are
permitted under Section 27-3-6, while otherwise in compliance with this title and while
maintaining unimpaired surplus funds in an amount not less than the amount of paid-in capital
stock required of a domestic stock insurer transacting like kinds of insurance, subject further
to the additional expendable surplus requirements of Section 27-3-8 applicable to such
a stock insurer. (Acts 1971, No. 407, p. 707, §516.)...
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34-27-32
Section 34-27-32 Requirements for license; application; place of business; branch offices;
multiple brokers; fees. (a) A license for a broker or a salesperson shall be registered to
a specific real estate office and shall be issued only to, and held only by, a person who
meets all of the following requirements: (1) Is trustworthy and competent to transact the
business of a broker or salesperson in a manner that safeguards the interest of the public.
(2) Is a person whose application for real estate licensure has not been rejected in any state
on any grounds other than failure to pass a written examination within the two years prior
to the application for real estate licensure with Alabama. If the applicant's rejection for
real estate licensure in any state is more than two years from the date of application for
licensure with Alabama, then the applicant may not be issued an Alabama real estate license
without the approval of the commissioners. (3) Is a person whose real estate license...
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