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12-17-4
Section 12-17-4 State assumption of retirement and other employee benefits. (a) Retirement.
- Employees of the circuit and district court, hereinafter "eligible employees,"
shall, on the date they join or joined the state personnel system, be covered by the Employees'
Retirement System of Alabama; provided, that an employee who on that date is covered by a
local retirement system may by written notice filed within 30 days prior to the date the employee
joins the state personnel system, with the Comptroller, elect to retain instead membership
in the local retirement plan; provided further, that any employee joining the state personnel
system on or before October 1, 1977, shall have the right to make such election within 30
days prior to October 1, 1977. Upon election of an employee, the Comptroller shall pay to
such local government plans the employer retirement contribution attributable to employees
electing to retain local plan membership; provided, that such employer contribution...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-17-4.htm - 9K - Match Info - Similar pages
12-18-158
Section 12-18-158 (Effective November 8, 2016, subject to contingencies) Withholdings
from retirement pay. (a) Any member who, at the time of his or her retirement is a member
of and holds a policy in any state group hospitalization or health insurance plan, may in
writing authorize the Secretary-Treasurer of the state retirement system to withhold from
his or her retirement pay a sufficient sum or amount to pay the premium on such policy. (b)
The Secretary-Treasurer of the state Employees' Retirement System, when authorized by a retired
employee, is hereby authorized to withhold from the retirement pay of such employee a sufficient
amount to pay the premium on such policy and remit the same to the insurance carrier. (Act
2015-498, §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-158.htm - 1K - Match Info - Similar pages
16-25A-45
Section 16-25A-45 Rules and regulations; contracts for services. The board shall promulgate
rules and regulations to implement the flexible benefits program, including, but not limited
to, setting policies and requirements concerning the administration of employee payments,
amounts deducted pursuant to salary reduction agreements, and advances from the Public Employees'
Health Insurance Plan and appropriations, if any. The board may contract for services with
the Flexible Employees' Benefit Board for the first year of operation of the plan regarding
pretax deductions for the payment of employee health insurance premium payments authorized
by the board and may contract for services with the Flexible Employees' Benefit Board or other
entities in subsequent years. The board may contract for necessary services to implement the
flexible benefits program including, but not limited to, the administration of salary reduction
agreements and non-health insurance premium components of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25A-45.htm - 1K - Match Info - Similar pages
27-13-38
Section 27-13-38 Prohibition against premiums not in accord with approved rating systems.
No insurer, or employee thereof, and no broker or agent shall knowingly charge, demand, or
receive a premium for any policy of insurance except in accordance with the respective rating
systems on file with, and approved by, the commissioner. No insurer, or employee thereof,
and no broker or agent shall pay, allow or give, or offer to pay, allow or give, directly
or indirectly, as an inducement to insurance or after insurance has been effected, any rebate,
discount, abatement, credit, or reduction of the premium named in a policy of insurance, or
any special favor or advantage in the dividends, or other benefits to accrue thereon or any
valuable consideration or inducement whatever not specified in the policy of insurance, except
to the extent that such rebate, discount, abatement, credit, reduction, favor, advantage,
or consideration may be provided for in rating systems filed by, or on behalf of,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-38.htm - 2K - Match Info - Similar pages
27-13-76
Section 27-13-76 Prohibition against premiums not in accord with approved rating systems.
No insurer, or employee thereof, and no broker or agent shall knowingly charge, demand or
receive a premium for any policy of insurance except in accordance with the respective rating
systems on file with, and approved by, the commissioner. No insurer, or employee thereof,
and no broker or agent shall pay, allow, or give, or offer to pay, allow, or give, directly
or indirectly, as an inducement to insurance, or after insurance has been effected, any rebate,
discount, abatement, credit, or reduction of the premium named in a policy of insurance, or
any special favor or advantage in the dividends or other benefits to accrue thereon or any
valuable consideration or inducement whatever not specified in the policy of insurance, except
to the extent that such rebate, discount, abatement, credit, reduction, favor, advantage,
or consideration may be provided for in rating systems filed by, or on behalf...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-76.htm - 2K - Match Info - Similar pages
27-15-72
Section 27-15-72 Nonforfeiture benefits. (a) In the case of policies issued on or after
January 1, 1972, no policy of life insurance, except as set forth in Section 27-15-82,
shall be delivered or issued for delivery in this state unless it shall contain in substance
the following provisions, or corresponding provisions which, in the opinion of the commissioner,
are at least as favorable to the defaulting or surrendering policyholder as are the minimum
requirements specified in this section and are essentially in compliance with Section
27-15-81: (1) That, in the event of default in any premium payment, the insurer will grant,
upon proper request not later than 60 days after the due date of the premium in default, a
paid-up nonforfeiture benefit on a plan stipulated in the policy, effective as of such due
date, of such amount as may be specified in this article. In lieu of such stipulated paid-up
nonforfeiture benefit, the insurer may substitute, upon proper request not later than 60...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-72.htm - 4K - Match Info - Similar pages
27-15-75
Section 27-15-75 Calculation of adjusted premiums. (a)(1) This section shall
not apply to policies issued on or after the operative date of Section 27-15-78, as
defined therein. Except as provided in subsection (c), the adjusted premiums for any policy
shall be calculated on an annual basis and shall be such uniform percentage of the respective
premiums specified in the policy for each policy year, excluding extra premiums on a substandard
policy, that the present value at the date of issue of the policy, of all such adjusted premiums
shall be equal to the sum of: a. The then present value of the future guaranteed benefits
provided for by the policy. b. Two percent of the amount of the insurance if the insurance
be uniform in amount, or of the equivalent uniform amount, as defined in this article, if
the amount of insurance varies with the duration of the policy. c. Forty percent of the adjusted
premium for the first policy year. d. Twenty-five percent of either the adjusted premium...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-75.htm - 4K - Match Info - Similar pages
27-2B-2
Section 27-2B-2 Definitions. As used in this chapter, these terms shall have the following
meanings: (1) ADJUSTED RBC REPORT. An RBC report which has been adjusted by the commissioner
in accordance with subsection (e) of Section 27-2B-3. (2) CORRECTIVE ORDER. An order
issued by the commissioner specifying corrective actions which the commissioner has determined
are required. (3) DOMESTIC INSURER. Any insurer domiciled in this state. (4) FOREIGN INSURER.
Any insurer which is licensed to do business in this state but not domiciled in this state.
(5) FRATERNAL BENEFIT SOCIETY. Any insurer licensed under Chapter 34. (6) HEALTH ORGANIZATION.
Any health care service plan, health maintenance organization, limited health service organization,
dental services corporation, or other managed care organization licensed under this title.
This term does not include any life and disability insurer or property and casualty insurer.
(7) INSURER. As defined in Section 27-1-2, including, without...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-2B-2.htm - 4K - Match Info - Similar pages
36-29-20
Section 36-29-20 Legislative findings and intent. The Legislature finds that private
employers have provided their employees with flexible employee benefit plans which provide
a savings both to the employer and the employee, and that the State of Alabama, its departments
and agencies, may provide the same tax-effective benefits to its employees. It is, therefore,
the intent of the Legislature to provide for the establishment of a "cafeteria plan"
or flexible employee benefit plan in compliance with the Internal Revenue Code of 1986, with
every effort being used to utilize the existing resources of the state Comptroller to implement
said plan in conjunction with the Flexible Employees Benefits Board. (Acts 1989, No. 89-644,
p. 1272, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-29-20.htm - 1K - Match Info - Similar pages
11-40-17.1
Section 11-40-17.1 Class 1 municipalities authorized to grant pension benefit increases
to participants in former municipal pension plans. The city council of any Class 1 municipality
may grant pension plan benefit increases to retired employee participants, and their beneficiaries,
in terminated or inactive former pension plans of any Class 1 municipality, provided the increases
shall not exceed the increases granted to retired participants in the City of Birmingham Retirement
and Relief System created under Act No. 929, 1951 Regular Session, as amended. The benefit
increases may be retroactive but shall be granted only after the city council receives the
opinion of a licensed actuary regarding the cost of any increase. (Acts 1995, No. 95-562,
p. 1174. §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-40-17.1.htm - 1K - Match Info - Similar pages
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