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27-34-36
Section 27-34-36 Annual statements - Requirements. (a) Report shall be filed and synopses of
annual statements shall be published in accordance with the provisions of this section. (b)
Every society transacting business in this state shall annually, on or before March 1, unless
for cause shown such time has been extended by the commissioner, file with the commissioner
a true statement of its financial condition, transactions, and affairs for the preceding calendar
year and pay a fee of $10.00 for filing same. The statement shall be in general form and context
as approved by the National Association of Insurance Commissioners for fraternal benefit societies
and as supplemented by additional information required by the commissioner. (c) A synopsis
of its annual statement providing an explanation of the facts concerning the condition of
the society thereby disclosed shall be printed and mailed to each benefit member of the society
not later than June 1 of each year, or, in lieu thereof,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-34-36.htm - 1K - Match Info - Similar pages
19-3-125
Section 19-3-125 Life, endowment, or annuity contracts. In addition to any other investment
now permitted by law, a guardian or trustee may invest the funds of his ward or of the beneficiary
of the trust in life, endowment or annuity contracts of legal reserve life insurance companies
duly qualified and authorized to write such business in the State of Alabama; provided, however,
that the annual premium or premiums on such contracts purchased by such guardian or trustee
shall not exceed 25 percent of the income of the ward or the beneficiary for any calendar
year preceding the date of such purchase. The contract must contain the following options
after it has been in force for three years or less: a cash surrender value option, a paid-up
insurance or endowment option, and an extended insurance or endowment option. Such contract
may be issued on the life or lives of the ward or wards, or beneficiary or beneficiaries of
the trust or upon the life or lives of persons in whose life or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3-125.htm - 2K - Match Info - Similar pages
22-24-5
Section 22-24-5 Well driller's license - Required; application; annual fee; term. Every person
who intends to drill water wells within the State of Alabama shall annually obtain from the
board a water well driller's license and, in order to obtain said license, shall file with
the board, in accordance with rules and regulations as established by the board, an application
form, to be made available by the board. Any person, upon filing said application and receiving
approval of the board, shall pay an annual fee of $200.00 to the board, and the payment of
said fee shall entitle said person to the full and complete privileges of drilling water wells,
as provided in this chapter, and the board shall issue a license for a period not to exceed
one year. Said annual fee paid to the board shall not exempt a person from additional state
or county privilege taxes. (Acts 1971, No. 1516, p. 2630, ยง4.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-24-5.htm - 1K - Match Info - Similar pages
27-19-107
Section 27-19-107 Nonforfeiture benefits. (a) Except as provided in subsection (b), a long-term
care insurance policy may not be delivered or issued for delivery in this state unless the
policyholder or certificateholder has been offered the option of purchasing a policy or certificate
including a nonforfeiture benefit. The offer of a nonforfeiture benefit may be in the form
of a rider that is attached to the policy. In the event the policyholder or certificateholder
declines the nonforfeiture benefit, the insurer shall provide a contingent benefit upon lapse
that shall be available for a specified period of time following a substantial increase in
premium rates. (b) When a group long-term care insurance policy is issued, the offer required
in subsection (a) shall be made to the group policyholder. However, if the policy is issued
as group long-term care insurance, as defined in Section 27-19-103(4)d., other than to a continuing
care retirement community or other similar entity, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-19-107.htm - 1K - Match Info - Similar pages
27-2-14
Section 27-2-14 Records, documents, and files - Custody; inspection; reproduction; destruction.
(a) The commissioner shall keep and preserve in permanent form accurate and complete records
of his proceedings, including also a concise statement of the result of such examination of
insurers by the commissioner, record and file all bonds and contracts and shall file such
records in the department. The commissioner is responsible for the custody and preservation
of all records, documents, and files of the department. (b) The records of the commissioner
and insurance filings in his office shall be open to public inspection, except as otherwise
provided by this title. (c) The commissioner may photograph, microphotograph, or reproduce
on film, whereby each page will be reproduced in exact conformity with the original, all financial
records, financial statements of domestic insurers, reports of business transacted in this
state by foreign insurers, reports of examination of domestic insurers,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-2-14.htm - 2K - Match Info - Similar pages
27-27-22
Section 27-27-22 Domestic mutual insurers - Bylaws. (a) A domestic mutual insurer shall have
bylaws for the government of its affairs. The initial board of directors of a domestic mutual
insurer shall adopt original bylaws, subject to the approval of the insurer's members at the
next succeeding meeting. The members shall have power to make, modify, and revoke bylaws.
(b) The bylaws shall provide: (1) That each member is entitled to one vote upon each matter
coming to a vote at meetings of members or to more votes in accordance with a reasonable classification
of members as set forth in the bylaws and based upon the amount of insurance in force, number
of policies held, or upon the amount of the premiums paid by such member or upon other reasonable
factors. A member shall have the right to vote in person or by his written proxy made not
less than 30 days prior to the meeting. No such proxy shall be made irrevocable for longer
than a period of three years; (2) For election of directors...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-22.htm - 2K - Match Info - Similar pages
45-38-141.02
Section 45-38-141.02 Incorporation of authority. (a) Within 45 days after May 4, 1989, or the
passage and approval of a constitutional amendment authorizing the creation of the authority,
three applicants shall be appointed to proceed to incorporate the Lamar County Water Coordinating
and Fire Prevention Authority by filing for record in the office of the judge of probate of
the county a certificate of incorporation which shall comply in form and substance with the
requirements of this section and which shall be in the form and executed in the manner provided
in this section. The applicants shall be appointed as follows: One applicant shall be appointed
by the state senator who represents the senatorial district in which Lamar County is located;
one applicant shall be appointed by the members of the House of Representatives representing
Lamar County; and one applicant shall be appointed by the Lamar County Commission. (b) The
certificate of incorporation of the authority shall state...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-38-141.02.htm - 4K - Match Info - Similar pages
8-33-4
Section 8-33-4 Registration requirements. (a) A person may not operate as a warrantor or represent
to the public that the person is a warrantor unless the person is registered with the department
on a form prescribed by the commissioner. (b) Warrantor registration records shall be filed
annually and shall be updated within 30 days of any change. The registration records shall
contain the following information: (1) The warrantor's name, any fictitious names under which
the warrantor does business in the state, principal office address, and telephone number.
(2) The name and address of the warrantor's agent for service of process in the state if other
than the warrantor. (3) The names of the warrantor's executive officer or officers directly
responsible for the warrantor's vehicle protection product business. (4) The name, address,
and telephone number of any administrators designated by the warrantor to be responsible for
the administration of vehicle protection product warranties in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-33-4.htm - 2K - Match Info - Similar pages
2-5A-34
Section 2-5A-34 Security for bonds. The bonds shall not be general obligations of the Department
of Agriculture and Industries but shall be limited obligations payable solely from one or
more specified sources, including, but not limited to, revenues derived from market charges,
authorized under Section 2-5A-6, lease revenues, authorized under Section 2-5A-14, and appropriations
made under Section 2-5A-15. The commissioner, with approval of the Board of Agriculture and
Industries, may pledge all or any portion of such revenues as security for the payment of
the bonds. All such pledges made by the commissioner shall take precedence in the order of
the adoption of the resolutions containing the pledges. The commissioner may also obtain credit
enhancement for the department's bonds, including, but not limited to, bond insurance and
letters of credit, and to pledge all or a portion of its revenues as security for its reimbursement
obligations with respect thereto. All bonds issued by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-5A-34.htm - 1K - Match Info - Similar pages
27-3-11
Section 27-3-11 Deposit requirements - Generally. (a) The commissioner shall not issue or permit
to exist a certificate of authority as to any insurer, other than an alien insurer, unless
it has deposited and maintains deposited in trust with the Treasurer of this state cash or
securities eligible under Section 27-6-3 and having a value at all times of not less than
$100,000.00 or the minimum paid-in capital stock, if a stock insurer, or surplus, if a mutual
or reciprocal insurer, required to be maintained by the insurer under this title for authority
to transact the kinds of insurance to be transacted, whichever is the smaller amount. (b)
The deposit shall be for the general benefit and protection of the insurer's policyholders
or its policyholders and creditors. (c) In lieu of such deposit, or part thereof, in this
state of a foreign insurer, the commissioner shall, subject to the retaliatory law, Section
27-3-29, accept the current certificate in proper form of the public official...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-3-11.htm - 3K - Match Info - Similar pages
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