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32-7-5
Section 32-7-5 Report required following accident. The operator of every motor vehicle which
is in any manner involved in an accident within this state, in which any person is killed
or injured or in which damage to the property of any one person, including himself or herself,
in excess of two hundred fifty dollars ($250) is sustained, shall within 30 days after the
accident report the matter in writing to the director. The report, the form of which shall
be prescribed by the director, shall contain only the information necessary to enable the
director to determine whether the requirements for the deposit of security under Section 32-7-6
are inapplicable by reason of the existence of insurance or other exceptions specified in
this chapter. The director may rely upon the accuracy of the information unless and until
there is reason to believe that the information is erroneous. If the operator is physically
incapable of making the report, the owner of the motor vehicle involved in the...
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41-14A-3
Section 41-14A-3 Public deposits to be secured; exemptions. (a) On and after January 1, 2001:
(1) All public deposits of all covered public entities and covered public officials shall
be governed by this chapter and shall be secured as provided in this chapter. (2) All public
depositors shall, notwithstanding any other laws to the contrary, place their public deposits
with one or more qualified public depositories in accordance with this chapter. Notwithstanding
the foregoing, funds placed in interest-bearing deposits through a qualified public depository
pursuant to subsection (c) shall be exempt from the other requirements of this chapter. (3)
All financial institutions shall file the reports required by this chapter or by rule, regulation,
or order of the board of directors and all financial institutions accepting any public deposits
shall be a qualified public depository and shall comply with all provisions of this chapter,
including, without limitation, the collateral pledging...
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5-17-19
Section 5-17-19 Insurance and reserves. (a) Every credit union shall set aside such regular
reserves as are required to be set aside by the credit union in order to maintain insurance
of member accounts under the provisions of Title II of the Federal Credit Union Act. Additionally,
any credit union may be required by the Administrator of the Alabama Credit Union Administration
to maintain any special reserves which the administrator finds are necessary under the particular
circumstances to protect the interests of the members. (b) Any credit union hereafter organized
under this chapter shall be prohibited by the Administrator of the Alabama Credit Union Administration
from beginning the active conduct of business until such time as such credit union has obtained
insurance of member accounts either under the provisions of Title II of the Federal Credit
Union Act or has obtained approval for private insurance under a private insurance program
or carrier. (c) Any credit union which has...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-19.htm - 3K - Match Info - Similar pages
11-47-24
Section 11-47-24 Government agency required to provide defense counsel to any employee sued
for damages arising out of performance of official duties; municipal corporation authorized
to obtain liability insurance. (a) Whenever any employee of a municipal corporation of the
State of Alabama shall be sued for damages arising out of the performance of his official
duties, and while operating a motor vehicle or equipment engaged in the course of his employment,
such government agency shall be authorized and required to provide defense counsel for such
employees in such suit and to indemnify him from any judgment rendered against him in such
suit. In no event shall a municipal corporation of the state be required to provide defense
and indemnity for employees who may be sued for damages arising out of actions which were
either intentional or willful or wanton. (b) All municipal corporations of the State of Alabama
are hereby authorized to contract at governmental expense for policies of...
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27-10-2
Section 27-10-2 Liability of persons violating Section 27-10-1; liability of adjusters. (a)
Any person who in this state willfully represents or aids an unauthorized insurer in violation
of Section 27-10-1 shall, in addition to any other applicable penalty, be liable for the full
amount of any loss sustained by the insured under any such contract and for the amount of
any premium taxes which may be payable under Section 27-10-35 by reason of such contract.
(b) Any adjuster who, directly or indirectly, enters into an investigation or adjustment of
any loss arising under a contract of insurance or annuity issued by an unauthorized insurer
and covering at time of issuance a subject of insurance resident, located or to be performed
in this state shall be liable for the full amount of any loss suffered by the insured under
such contract. The commissioner may, after hearing, revoke the license of such an adjuster.
This subsection does not apply as to surplus lines contracts lawfully written...
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27-14-3
Section 27-14-3 Insurable interest - Personal insurance; preneed contracts. (a) Insurable interest
with reference to personal insurance is an interest based upon a reasonable expectation of
pecuniary advantage through the continued life, health, or bodily safety of another person
and consequent loss by reason of his or her death or disability or a substantial interest
engendered by love and affection in the case of individuals closely related by blood or by
law. (b) An individual has an unlimited insurable interest in his or her own life, health,
and bodily safety and may lawfully take out a policy of insurance on his or her own life,
health, or bodily safety and have the same made payable to whomsoever he or she pleases, regardless
of whether the beneficiary so designated has an insurable interest. (c) A corporation, foreign
or domestic, has an insurable interest in the life or physical or mental ability of any of
its directors, officers, or employees, or the directors, officers, or...
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27-19-37
Section 27-19-37 Disability insurance on franchise plan. Disability insurance on a franchise
plan is hereby declared to be that form of disability insurance issued to: (1) Three or more
employees of any corporation, copartnership, or individual employer, or any governmental corporation,
agency, or department thereof; or (2) Ten or more members, employees, or employees of members
of any trade or professional association, or of a labor union or of any other association
having had an active existence for at least two years where such association or union has
a constitution or bylaws and is formed in good faith for purposes other than that of obtaining
insurance where such persons, with or without their dependents, are issued the same form of
an individual policy varying only as to amounts and kinds of coverage applied for by such
persons under an arrangement whereby the premiums on such policies may be paid to the insurer
periodically by the employer, with or without payroll deductions,...
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27-19-52
Section 27-19-52 Definitions. For purposes of this article, the following terms shall have
the meaning indicated herein: (1) APPLICANT. Includes either of the following: a. In the case
of an individual Medicare supplement policy or subscriber contract, the person who seeks to
contract for insurance benefits. b. In the case of a group Medicare supplement policy or subscriber
contract, the proposed certificate holder. (2) CERTIFICATE. Any certificate issued under a
group Medicare supplement policy, which policy has been delivered or issued for delivery in
this state. (3) CERTIFICATE FORM. The form on which the certificate is delivered or issued
for delivery by the issuer. (4) ISSUER. Insurance companies, fraternal benefit societies,
health care service plans, health maintenance organizations, and any other entity delivering
or issuing for delivery in this state Medicare supplement policies or certificates. (5) MEDICARE.
The "Health Insurance for the Aged Act," Title XVIII of the Social...
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34-7B-26
Section 34-7B-26 Application and licensure requirements to operate school. (a) Before being
licensed by the board to operate a school, an applicant shall satisfy all of the requirements
of this section. (1) An applicant shall submit to the board all of the following: a. A bond,
in the amount of fifty thousand dollars ($50,000) to protect potential students in the event
of closure. b. Proof of sufficient liability insurance coverage. c. A current financial statement
prepared by a reputable source and, if required by the board, a letter of credit. d. A list
of equipment owned by the school. e. A sample of student contract agreements and financial
forms relating to tuition, grants, and scholarships. f. Furnish affidavits from an adequate
number of prospective students as approved by the board stating their intent to enroll when
the school opens. (2) The applicant, owner, proposed dean, or proper corporate executive may
be required to appear before the board. (3) The applicant shall...
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27-1-17.1
Section 27-1-17.1 Payment of providers through electronic funds transfer methods. (a) As used
in this section, the following words shall have the following meanings: (1) ACH ELECTRONIC
FUNDS TRANSFER. An electronic funds transfer through the Health Insurance Portability and
Accountability Act (HIPPA) standard Automated Clearing House network. (2) COVERED HEALTH CARE
PROVIDER. A physician as defined in Section 34-24-50.1; a dentist as defined in Section 34-9-1;
a chiropractor as defined in Section 34-24-120; an individual engaged in the practice of optometry
as defined in Section 34-22-1; other licensed health care professionals as defined in Title
34; a hospital as defined in Section 22-21-20; and a health care facility, or other provider
who or that is accredited, licensed, or certified and who or that is performing within the
scope of that accreditation, license, or certification. (3) HEALTH INSURANCE PLAN. Any hospital
and medical expense incurred policy, health maintenance...
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