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10A-20-6.16
Section 10A-20-6.16 Applicability of insurance laws. (a) No statute of this state applying
to insurance companies shall be applicable to any corporation organized under this article
and amendments thereto or to any contract made by the corporation; except the corporation
shall be subject to the following: (1) The provisions regarding annual premium tax to be paid
by insurers on insurance premiums. (2) Chapter 55 of Title 27. (3) Article 2 and Article 3
of Chapter 19 of Title 27. (4) Section 27-1-17. (5) Chapter 56 of Title 27. (6) Rules promulgated
by the Commissioner of Insurance pursuant to Sections 27-7-43 and 27-7-44. (7) Chapter 54
of Title 27. (8) Chapter 57 of Title 27. (9) Chapter 58 of Title 27. (10) Chapter 59 of Title
27. (11) Chapter 54A of Title 27. (12) Chapter 12A of Title 27. (13) Chapter 2B of Title 27.
(14) Chapter 29 of Title 27. (15) Chapter 62 of Title 27. (b) The provisions in subsection
(a) that require specific types of coverage to be offered or provided shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-6.16.htm - 2K - Match Info - Similar pages
10A-2A-2.07
Section 10A-2A-2.07 Forum selection provisions. (a) The certificate of incorporation or the
bylaws may require that any or all internal corporate claims shall be brought exclusively
in any specified court or courts of this state and, if so specified, in any additional courts
in this state or in any other jurisdictions with which the corporation has a reasonable relationship.
(b) A provision of the certificate of incorporation or bylaws adopted under subsection (a)
shall not have the effect of conferring jurisdiction on any court or over any person or claim,
and shall not apply if none of the courts specified by that provision has the requisite personal
and subject matter jurisdiction. If the court or courts of this state specified in a provision
adopted under subsection (a) do not have the requisite personal and subject matter jurisdiction
and another court of this state does have jurisdiction, then the internal corporate claim
may be brought in the other court of this state,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-2.07.htm - 2K - Match Info - Similar pages
27-25-4.5
Section 27-25-4.5 License denial, non-renewal, or revocation. (a) The commissioner may place
on probation, suspend, revoke, or refuse to issue or renew the license of a title insurance
agent or may levy a civil penalty pursuant to subsection (d), or any combination of these
actions, for any one or more of the following causes: (1) Providing incorrect, misleading,
incomplete, or materially untrue information in the license application. (2) Violating any
insurance laws, rules, subpoena, or order of the commissioner. (3) Obtaining or attempting
to obtain a license through misrepresentation or fraud. (4) Improperly withholding, misappropriating,
or converting any monies or properties received in the course of acting as a title insurance
agent or in otherwise doing insurance business in this state or elsewhere. (5) Intentionally
misrepresenting the terms of an actual title insurance contract. (6) Having been convicted
of a felony. (7) Having admitted or been found to have committed any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-25-4.5.htm - 3K - Match Info - Similar pages
27-25-7
Section 27-25-7 Notice of availability of owner's title insurance. (a) In connection with any
transaction involving the purchase or sale of a fee simple or possessory interest in real
property in this state, the title insurer shall obtain or cause its agent to obtain, at or
before the closing of settlement and disbursement of any funds, a statement in writing from
the purchaser acknowledging that the purchaser has received a notice that owner's title insurance
may be available to the purchaser in accordance with the underwriting guidelines of the title
insurer and that the purchaser does or does not desire to purchase owner's insurance coverage.
The written notice of availability of owner's title insurance shall contain all of the following:
(1) The address or legal description of the property. (2) A disclosure that owner's title
insurance may be available in accordance with the underwriting guidelines of the title insurer
and the premium therefor. (3) A space to indicate the desire of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-25-7.htm - 2K - Match Info - Similar pages
27-29B-1
Section 27-29B-1 Purpose and scope. (a) The purpose of this chapter is to do all of the following:
(1) Provide the Commissioner of Insurance a summary of an insurer or insurance group's corporate
governance structure, policies, and practices to permit the commissioner to gain and maintain
an understanding of the insurer's corporate governance framework. (2) Outline the requirements
for completing a corporate governance annual disclosure with the commissioner. (3) Provide
for the confidential treatment of the corporate governance annual disclosure and related information
that will contain confidential and sensitive information related to an insurer or insurance
group's internal operations and proprietary and trade secret information which, if made public,
could potentially cause the insurer or insurance group competitive harm or disadvantage. (b)
Nothing in this chapter shall be construed to prescribe or impose corporate governance standards
and internal procedures beyond the procedures...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-29B-1.htm - 1K - Match Info - Similar pages
27-31D-1
Section 27-31D-1 Premium discount or insurance rate reduction - Construction and certification.
(a) Commencing on May 14, 2009, insurance companies shall provide a premium discount or insurance
rate reduction in an amount and manner as established in subsection (j) and pursuant to Section
27-31D-3. In addition, insurance companies may also offer additional adjustments in deductible,
other credit rate differentials, or a combination thereof, collectively referred to as adjustments.
These adjustments shall be available under the terms specified in this section to any owner
who builds or locates a new insurable property, in the State of Alabama, to resist loss due
to hurricane or other catastrophic windstorm events. (b) To obtain the adjustment provided
in this section, an insurable property located in this state shall be certified as constructed
in accordance with either of the following: (1) The 2006 International Residential Code, as
amended, including all hurricane mitigation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-31D-1.htm - 4K - Match Info - Similar pages
27-43-11
Section 27-43-11 Premium rates. (a) No policy of legal expense insurance may be issued in this
state unless the premium rates for the insurance have been filed with and approved by the
commissioner. (b) Premium rates must be established and justified in accordance with generally
accepted insurance principles, including, but not limited to, the experience or judgment of
the insurer making the rate filing or actuarial computations. (c) The commissioner may disapprove
rates that are excessive, inadequate, or unfairly discriminatory. Rates are not unfairly discriminatory
because they are averaged broadly among persons insured under group, blanket, or franchise
policies. (d) The commissioner may require the submission of whatever relevant information
is deemed necessary in determining whether to approve or disapprove a filing made under this
section or Section 27-43-10. (Acts 1981, No. 81-719, p. 1214, ยง1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-43-11.htm - 1K - Match Info - Similar pages
16-13-91
Section 16-13-91 Approval of issuance. Before issuing any warrants hereunder the county board
of education or the city board of education, as the case may be, shall cause an application
for approval of such issue to be filed with the State Superintendent of Education. Such application
shall be in such form and shall contain such information as the State Superintendent of Education
may prescribe, and he may require such further information as may be necessary relating to
the proposed warrants or other financial or educational matters under the control of such
board of education. He shall not approve the issue of any warrants which would jeopardize
the state's Foundation Program of education as prescribed by law and in accordance with the
rules and regulations of the State Board of Education. He shall not approve the issue of any
warrants hereunder when the principal or interest of any other warrants constituting a preferred
claim against the same tax is overdue and unpaid, except...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-91.htm - 3K - Match Info - Similar pages
27-14-8
Section 27-14-8 Forms - Filing and approval or disapproval. (a) No basic insurance policy or
annuity contract form or application form where written application is required and is to
be made a part of the policy, or contract, or printed rider, or endorsement form or form of
renewal certificate shall be delivered or issued for delivery in this state unless the form
has been filed with, and approved by, the commissioner. This subsection shall not apply to
surety bonds or to specially rated inland marine risks, nor to policies, riders, endorsements,
or forms of unique character designed for, and used with, relation to insurance upon a particular
subject or which relate to the manner of distribution of benefits or to the reservation of
rights and benefits under life or disability insurance policies and are used at the request
or with the consent of the individual policyholder, contract holder, or certificate holder.
As to group insurance policies effectuated and delivered outside this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-14-8.htm - 3K - Match Info - Similar pages
27-22A-6
Section 27-22A-6 Termination of portable electronics insurance. Notwithstanding any other provision
of law: (1) An insurer may terminate or otherwise change the terms and conditions of a policy
of portable electronics insurance only upon providing the policyholder and enrolled customers
with at least 30 days' notice. (2) If the insurer changes the terms and conditions, then the
insurer shall provide the vendor policyholder with a revised policy or endorsement and each
enrolled customer with a revised certificate, endorsement, updated brochure, or other evidence
indicating a change in the terms and conditions has occurred and a summary of material changes.
(3) Notwithstanding subdivision (1) of this section, an insurer may terminate an enrolled
customer's enrollment under a portable electronics insurance policy upon 15 days' notice for
discovery of fraud or material misrepresentation in obtaining coverage or in the presentation
of a claim thereunder. (4) Notwithstanding subdivision (1)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-22A-6.htm - 3K - Match Info - Similar pages
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