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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
25-9-15
Section 25-9-15 Certificate of competency for fire bosses and mine foremen - Suspension, cancellation,
or revocation; voluntary surrender of certificate. (a) The board may issue an official written
reprimand of any person certified under this chapter as a disciplinary measure for a first
violation of any requirement of this chapter. (b) In addition, for any subsequent violation
or for any serious first violation, the certificate of any person may be cancelled or revoked
by the board of examiners, whenever it shall be established to the satisfaction of the board
that the holder of the certificate has become unworthy of official endorsement by reason of
violation of this chapter, intemperate habits, manifest incapacity, abuse of authority, or
for other causes satisfactory to the board. Any person against whom charges are made shall
have an opportunity to be heard in his or her own behalf. He or she shall have at least 30
days' notice in writing of the charges by the ex officio chairman,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-9-15.htm - 2K - Match Info - Similar pages
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
27-14-8
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
27-17A-21
Section 27-17A-21 Fine in lieu of suspension or revocation of certificate. (a) If the commissioner
finds that one or more grounds exist for the discretionary suspension or revocation of a certificate
of authority issued under this article, the commissioner may, in lieu of the suspension or
revocation, impose a fine upon the certificate holder in an amount not to exceed one thousand
dollars ($1,000) for each nonwillful violation and in an amount not to exceed ten thousand
dollars ($10,000) for each willful violation. (b) The commissioner may grant not more than
30 days from the date of the order for the payment of any fine. (Act 2002-74, p. 221, ยง1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-17A-21.htm - 975 bytes - Match Info - Similar pages
27-17A-15
Section 27-17A-15 Examination by commissioner. (a) The commissioner shall, as often as he or
she may deem necessary, examine the business of any person writing preneed contracts under
this chapter to the extent applicable. The examination shall be made by designated representatives
or examiners of the Department of Insurance. (b) The written report of each examination, when
completed, shall be filed in the office of the commissioner and, when so filed, shall not
constitute a public record. (c) Any person being examined shall produce, upon request, all
records of the person. The designated representative of the commissioner may at any time examine
the records and affairs of the person, whether in connection with a formal examination or
not. (d) The commissioner may waive the examination requirements of this section if the certificate
holder submits audited financial statements. (e) The person examined shall pay the examination
expenses, travel expense and per diem subsistence allowance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-17A-15.htm - 1K - Match Info - Similar pages
10A-20-6.07
Section 10A-20-6.07 Certificates of authority; contracts with public. Every corporation organized
under this article shall procure from the Commissioner of Insurance a certificate of authority
to do business, for which the corporation shall pay the sum of two hundred dollars ($200),
and the certificates of authority shall be renewed thereafter on or before the first day of
March of each year. The corporation may then enter into contracts with the public, subject
to the restrictions contained in this article, for benefits under its health service plan.
It shall be the duty of the corporation to enter into contracts with and issue certificates
to those of the public who may desire to avail themselves of the benefits of the health service
plan and who, under its rules and regulations, make application and are eligible therefor.
The contracts may provide for more than one class of services or benefits, may designate the
person or persons, or the class of persons, entitled thereto, may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-6.07.htm - 1K - Match Info - Similar pages
11-40-62
Section 11-40-62 Definitions. As used in this article, the following words and phrases shall
have the following meanings: (1) INTERESTED PARTY. Includes the following parties: a. The
person who last appears as owner of the real property in the county office of the judge of
probate's property records. b. The current mortgagee of record of the property or assignee
of record of the mortgagee. c. The current holder of a beneficial interest in a deed of trust
recorded against the real property. d. A tax certificate holder. e. A tax sale purchaser that
holds a deed of purchase in accordance with Section 40-10-29. f. Any party having an interest
in the real property, or in any part thereof, legal or equitable, in severalty or as tenant
in common, whose identity and addresses are reasonably ascertainable from the records of the
Class 2 municipality or records maintained in the county office of the judge of probate or
as revealed by a full title search, consisting of 50 years or more. g. An...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-40-62.htm - 6K - Match Info - Similar pages
27-21A-22
Section 27-21A-22 Penalties and enforcement. (a) The commissioner may, in lieu of suspension
or revocation of a certificate of authority under Section 27-21A-17, levy an administrative
penalty in an amount not less than $500.00 nor more than $5,000.00, if reasonable notice in
writing is given of the intent to levy the penalty and the health maintenance organization
has a reasonable time within which to remedy the defect in its operations which gave rise
to the penalty citation. The commissioner may augment this penalty by an amount equal to the
sum that he calculates to be the damages suffered by enrollees or other members of the public.
All moneys collected under this section shall be deposited to the credit of the General Fund.
(b)(1) If the commissioner or the State Health Officer shall for any reason have cause to
believe that any violation of this chapter has occurred or is threatened, the commissioner
or State Health Officer may give notice to the health maintenance organization...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-21A-22.htm - 3K - Match Info - Similar pages
27-30-8
Section 27-30-8 Certificate of authority - Application. (a) To apply for a certificate of authority,
a mutual aid association shall file with the commissioner its application therefor, on forms
as prescribed and furnished by him, and showing: (1) Name of the association and the address
of its principal office or place of business in this state; (2) Name, identification, and
residence address of each director, trustee, or officer of the association; (3) The types
of aid or benefits to be provided its members or policyholders; (4) The general plan or plans
according to which its business is, or will be, conducted; and (5) Such other information
as the commissioner may reasonably require. (b) The applicant shall at the time of application
for certificate of authority file with the commissioner such of the following as are not already
on file with him: (1) A copy of its articles of incorporation, its bylaws, and other charter
or constituent documents, certified by the public official...
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