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27-27-17
Section 27-27-17 Domestic mutual insurers - Solicitation of qualifying applications for insurance.
(a) Upon receipt of the commissioner's approval of the bond or deposit as provided in Section
27-27-16 the directors and officers of the proposed domestic mutual insurer may commence solicitation
of such requisite applications for insurance policies as they may accept and may receive deposits
of premiums thereon. (b) All such applications shall be in writing signed by the applicant,
covering subjects of insurance resident, located or to be performed in this state. (c) All
such applications shall provide that: (1) Issuance of the policy is contingent upon the insurer
qualifying for and receiving a certificate of authority; (2) No insurance is in effect unless
and until the certificate of authority has been issued; and (3) The prepaid premium or deposit
and membership or policy fee, if any, shall be refunded in full to the applicant if organization
is not completed and the certificate of...
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27-31C-6
Section 27-31C-6 Exemptions from chapter. The commissioner, by rule, regulation, or order,
may exempt an Alabama Coastal Captive Insurance Company, on a case-by-case basis, from provisions
of this chapter that are determined to be inappropriate given the nature of the risks to be
insured and the intent of this chapter. (Act 2008-391, p. 742, §2.)...
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22-21-361
Section 22-21-361 Definitions. The following terms shall have the meanings respectively ascribed
by this section unless the context clearly indicates otherwise: (1) COMMISSIONER. The commissioner
of insurance of this state. (2) DENTAL SERVICE PLAN or PLAN. Any plan or other arrangement
whereby dental services are provided in whole or in part through a dental service corporation
by dentists participating in the plan to provide dental services to those members of the public
who become subscribers to the plan under a contract with such corporation. The terms "dental
service plan" or "plan" do not include an insurer authorized by the insurance
department to transact insurance in this state or to a nonprofit health insurance plan organized
pursuant to Section 10-4-100, or to any policy of insurance or contract which includes dental
benefits issued by such insurer or nonprofit health insurance plan. (3) DEPARTMENT. The Department
of Insurance. (4) LICENSE. The certificate of authority issued...
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27-13-20
in determining or ascertaining a rate. (5) RATING ORGANIZATION. Every person or persons, corporation,
partnership, company, society, bureau or association, whether located within or outside this
state, engaged in the business of rate-making for two or more insurers. (6) INSURER. Any person
or persons, corporation, association, partnership, reciprocal exchange, or company authorized
by the laws of this state to transact the business of insurance in this state. (7) RISK. Any
property, real or personal, described in any policy, exposed to any hazard or peril
named in such policy. (8) UNREASONABLY HIGH RATES. No rate shall be held to be unreasonably
high unless: a. Such rate is unreasonably high for the insurance provided; and b. A reasonable
degree of competition does not exist in the area with respect to the classification to which
such rate is applicable. (9) INADEQUATE RATE. No rate shall be held to be inadequate which
upon reasonable assumptions of prospective loss and expense...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-20.htm - 2K - Match Info - Similar pages
27-2B-3
Section 27-2B-3 Preparation and submission of RBC report; formulas; desirability of excess
capital; adjustment of inaccurate RBC report. (a) Every domestic insurer shall, on or prior
to each March 1 (the "filing date"), prepare and submit to the commissioner a report
of its RBC levels as of the end of the calendar year just ended, in a form and containing
information as is required by the RBC instructions. In addition, every domestic insurer shall
file its RBC report with: (1) The NAIC according to the RBC instructions. (2) The insurance
commissioner in any state in which the insurer is authorized to do business, if the insurance
commissioner has notified the insurer of its request in writing, in which case the insurer
shall file its RBC report not later than the later of either of the following: a. Fifteen
days from the receipt of notice to file its RBC report with that state. b. The filing date.
(b) A life and health insurer's and a fraternal benefit society's RBC shall be determined...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-2B-3.htm - 3K - Match Info - Similar pages
27-3-29
the insurers, or upon the agents or representatives of such insurers, of such other state or
country doing business or seeking to do business in Alabama. Any tax, license, or other fee
or other obligation imposed by any city, county, or other political subdivision or agency
of such other state or country on Alabama insurers, or their agents or representatives, shall
be deemed to be imposed by such state or country within the meaning of this section. (c) This
section shall not apply as to personal income taxes, nor as to ad valorem taxes on
real or personal property, nor as to special purpose obligations or assessments imposed
by another state in connection with particular kinds of insurance, other than property insurance;
except, that deductions from premium taxes or other taxes otherwise payable allowed on account
of real estate or personal property taxes paid shall be taken into consideration by
the commissioner in determining the propriety and extent of retaliatory action under...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-3-29.htm - 3K - Match Info - Similar pages
27-31B-20
Section 27-31B-20 Rules for controlled unaffiliated business. The commissioner shall adopt
rules establishing standards to ensure that a parent or affiliated company is able to exercise
control of the risk management function of any controlled unaffiliated business to be insured
by the captive insurance company. Until the rules under this section are adopted, the commissioner
may by temporary order grant authority to a captive insurance company to insure risks. (Act
2006-509, p. 1153, §1; Act 2016-191, §1.)...
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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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-7-4.4.htm - 3K - Match Info - Similar pages
41-15-2
Section 41-15-2 Department of Finance to administer chapter; administrator of State Insurance
Fund. The Department of Finance is hereby constituted and designated as the agency through
which this chapter shall be administered, and the director of said department is empowered
with such authority as may be necessary to carry out its purposes. The director of said department,
with the approval of the Governor, may appoint a risk manager, as administrator of the State
Insurance Fund, who is familiar with insurance customs and practices and is otherwise qualified
by actual experience in the underwriting of risks and adjustment of losses, to assist the
director of said department in carrying out the purpose of this chapter. The said risk manager
shall install and keep an accurate system of accounting and statistical records and shall
adjust losses, make appraisals of insured properties for insurance purposes, when necessary,
and shall handle or supervise the handling of all other details...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-15-2.htm - 2K - Match Info - Similar pages
9-7A-13
Section 9-7A-13 Functions and activities of commissioner - Generally. In order to carry out
the provisions of this chapter the commissioner through plans and programs of the department
shall perform the following functions and activities: (1) Prepare and maintain a continuing
inventory and evaluation of recreational needs and resources of the State of Alabama; (2)
Formulate and maintain a comprehensive statewide recreation plan, taking into consideration
the plans of various federal and state agencies, and political subdivisions. The plan shall
set forth the needs and demands of the public for recreation in the current and foreseeable
future, recommend desirable actions to be taken at each level of government, as well as identify
those actions that can be made by private interests; (3) Provide technical assistance and
advice to, and cooperate with, political subdivisions, and private interests, including nonprofit
organizations, with respect to recreation; (4) Sponsor, engage in, and...
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