27-11-2
Section 27-11-2 Prohibition against transaction of insurance business, etc., in state without
license; exceptions. It shall be unlawful for any insurer to transact the business of insurance
in this state or to enter into a contract for insurance in this state without first obtaining
a license or certificate of authority from the commissioner. This unauthorized insurers law
shall not apply to: (1) Contracts of insurance procured pursuant to the surplus line insurance
law; (2) Transactions in this state involving contracts of insurance lawfully entered into,
written and the policy delivered outside of this state covering subjects of insurance not
resident, located or expressly to be performed in this state at the time of issuance and transactions
subsequent to the making of such contract and the issuance of such policy; (3) Reinsurance
contracts; (4) Transactions in this state involving group or blanket insurance and group annuities
where the master policy or contract was lawfully issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-11-2.htm - 2K - Match Info - Similar pages

27-12-10
Section 27-12-10 Financial inducements to purchase insurance. (a) No person shall issue or
deliver, or permit its agents, officers, or employees to issue or deliver, agency company
stock or other capital stock, or benefit certificates or shares in any common-law corporation,
or securities, or any special or advisory board contract or other contract of any kind promising
returns and profits as an inducement to insurance. The commissioner shall refuse to issue
a certificate of authority or license to any insurer or other person that is in violation
of this section and shall revoke the certificate of authority or license of any such violating
insurer or person if such authority or license is already outstanding. (b) No person shall
issue or deliver, or permit its agents, officers, or employees to issue or deliver, in this
state, any life insurance policy or contract of annuity in which are used such words as "investment
plan," "expansion plan," "profit-sharing," "charter plan,"
"founders'...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-12-10.htm - 2K - Match Info - Similar pages

27-13-28
Section 27-13-28 Annual statistical reports of insurers. Every insurer shall file annually,
on or before July 1, with the rating organization of which it is a member or subscriber, or
with such other common agency representing a group of insurers as the department may approve,
and with the department a statistical report showing a classification schedule of its premiums
and its losses on all kinds of insurance to which this article is applicable, together with
such other information as the department may deem necessary for the proper determination of
the reasonableness and adequacy of rates. Such statistical report filed with the rating organization
may be consolidated and filed by such common agency. Such data shall be kept and reports made
in such manner and on such forms as may be prescribed by the commissioner. All such annual
filings with the department shall be kept under lock and key, and any official or employee
of the department who shall divulge the contents or permit the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-28.htm - 2K - Match Info - Similar pages

27-13-29
Section 27-13-29 Filing of rating systems with department by insurers - Requirement. Beginning
180 days after January 1, 1972, every insurer shall, before using or applying any rate to
any kind of insurance coming within the scope of this article, file with the department a
copy of the rating system upon which such rate is based or by which such rate is fixed or
determined. The filing required in this section may be made on behalf of such insurer by a
rating organization of which such insurer is a member or subscriber. The provisions of this
section shall be deemed to have been complied with by any insurer which had, before January
1, 1972, been a member or subscriber of a rating organization doing business in the state.
From and after the date of the filing of such rating systems, every insurer shall charge and
receive rates fixed or determined in strict conformity therewith, except as in this article
otherwise expressly provided. (Acts 1945, No. 132, p. 133, §8; Acts 1971, No. 407,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-29.htm - 1K - Match Info - Similar pages

27-27-19
Section 27-27-19 Domestic mutual insurers - Failure to complete organization. If the proposed
domestic mutual insurer fails to complete its organization and to secure its original certificate
of authority within one year from, and after, date of its certificate of incorporation, the
corporation shall transact no further business, and the commissioner shall return, or cause
to be returned, to the persons entitled thereto all advance deposits or payments of premiums
held in trust under Section 27-27-18. (Acts 1971, No. 407, p. 707, §515.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-19.htm - 849 bytes - Match Info - Similar pages

27-33-11
Section 27-33-11 Trusteed assets - Trustee statements. (a) The trustee of trusteed assets shall
from time to time file with the commissioner statements, in such form as he may designate
and request in writing, certifying the character of such assets and the amounts thereof. (b)
If the trustee fails to file any such statement after request therefor and expiration of a
reasonable time thereafter, the commissioner may suspend or revoke the certificate of authority
of the insurer. (Acts 1971, No. 407, p. 707, §666.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-33-11.htm - 834 bytes - Match Info - Similar pages

30-3-174
Section 30-3-174 Implementation by licensing authority of withholding, etc.; additional review
precluded; continuation of withholding, etc.; exemption of licensing authority from liability.
(a) Upon receipt of a notice from the department or its agent to withhold, restrict use of,
suspend, or revoke a license, a licensing authority shall implement the withholding, restricted
use, suspension, or revocation of the license by doing all of the following: (1) Determining
that it has issued a license to the obligor whose name appears on the notice. (2) Entering
the suspension or revocation on the appropriate records. (3) If required by law, demanding
surrender of the suspended or revoked license. (b) A notice issued by the department or its
agent to withhold, restrict use of, suspend, or revoke a license shall be processed by the
licensing authority without any additional review or hearing by the licensing authority. The
licensing authority shall have no jurisdiction to modify, reword,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/30-3-174.htm - 2K - Match Info - Similar pages

27-13-67
Section 27-13-67 Filing of rating plans with department by insurers - Requirement. Beginning
180 days after January 1, 1972, every insurer shall, before using or applying any rate to
any kind of insurance coming within the scope of this article, file with the department a
copy of the rating plan upon which such rate is based or by which such rate is fixed or determined.
The filing required in this section may be made on behalf of such insurer by a rating organization
of which such insurer is a member or subscriber. From and after the date of the filing of
such rating plans, every insurer shall charge and receive rates fixed or determined in strict
conformity therewith, except as in this article otherwise expressly provided. (Acts 1945,
No. 133, p. 145, §7; Acts 1971, No. 407, p. 707, §290.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-67.htm - 1K - Match Info - Similar pages

27-13-75
Section 27-13-75 Alteration, supplementation, and amendment of rating plans. A rating organization
or any insurer making its own rates may, with the approval of the commissioner, from time
to time, alter, supplement, or amend its rating plans, or any part thereof, by filing with
the department copies of such alterations, supplements, or amendments, together with a statement
of the reason, or reasons, for such alteration, supplement, or amendment. If such alteration,
supplement, or amendment shall have the effect of increasing or decreasing rates, the commissioner
shall determine whether the rates as altered thereby are reasonable, adequate, and not unfairly
discriminatory. If the commissioner shall determine that the rates as so altered are not unreasonably
high, or inadequate or unfairly discriminatory, he shall make an order approving them. If
he shall find that the rates as altered are unreasonable, inadequate, or unfairly discriminatory,
he shall issue an order disapproving such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-75.htm - 2K - Match Info - Similar pages

27-21A-29
Section 27-21A-29 Existing health maintenance organizations. (a) Notwithstanding any other
provision of this chapter, any health maintenance organization licensed by the State Board
of Health and in operation on May 29, 1986, shall be granted a certificate of authority upon
payment of the application fee prescribed in Section 27-21A-21 and compliance with Section
27-21A-12. Nothing in this section shall prohibit any such health maintenance organization
from continuing to conduct business in this state until such certificate of authority is issued.
(b) Any health maintenance organization which was licensed in this state prior to January
1, 1986, may continue to operate under existing noncontractual provider arrangements (which
have been approved by the State Health Officer) for three years. (c) After issuance of a certificate
of authority in accordance with subsection (a) of this section, the commissioner may require
submission by the health maintenance organization of any additional...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-21A-29.htm - 1K - Match Info - Similar pages