27-12-14
Section 27-12-14 Inducements as to property, casualty, or surety insurance. (a) No property,
casualty, or surety insurer, or any employee thereof, and no broker, agent, or solicitor 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 except to the extent provided for in rating systems filed
with the commissioner by, or on behalf of, the insurer and approved by the commissioner. (b)
No insured named in a policy nor any employee of such insured shall knowingly receive or accept,
directly or indirectly, any such rebate, discount, abatement, credit, or reduction of premium.
(c) Nothing in this section shall be construed as...
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27-31D-1
Section 27-31D-1 Premium discount or insurance rate reduction - Construction and certification.
(a) Commencing on May 14, 2009, insurance companies shall provide a premium discount or insurance
rate reduction in an amount and manner as established in subsection (j) and pursuant to Section
27-31D-3. In addition, insurance companies may also offer additional adjustments in deductible,
other credit rate differentials, or a combination thereof, collectively referred to as adjustments.
These adjustments shall be available under the terms specified in this section to any owner
who builds or locates a new insurable property, in the State of Alabama, to resist loss due
to hurricane or other catastrophic windstorm events. (b) To obtain the adjustment provided
in this section, an insurable property located in this state shall be certified as constructed
in accordance with either of the following: (1) The 2006 International Residential Code, as
amended, including all hurricane mitigation...
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27-31D-2
Section 27-31D-2 Premium discount or insurance rate reduction - Fortified existing homes. (a)
Commencing on May 14, 2009, insurance companies shall provide a premium discount or insurance
rate reduction in an amount and manner as established in subsection (g) and pursuant to Section
27-31D-3. In addition, insurance companies may also offer additional adjustments in deductible,
other credit rate differentials, or a combination thereof, collectively referred to as adjustments.
These adjustments shall be available under the terms specified in this section to any owner
who retrofits his or her insurable property located in the State of Alabama to resist loss
due to hurricane or other catastrophic windstorm events. (b) To obtain the adjustment provided
in this section, an insurable property shall be retrofitted to any of the following: (1) The
Fortified Home: Hurricane Standards (FHH), or the Fortified Home: Highwind and Hail Standards
(FHWH) requirements as may from time to time be adopted...
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27-7-33
Section 27-7-33 Records. (a) A producer shall keep for a period of not less than three years,
or two years for business produced under limited lines credit insurance authority, at his
or her place of business complete records pertaining to transactions under the producer's
license. (b) Upon the commissioner's request, the producer shall furnish a verified copy of
these records to the commissioner to aid in the collection of all privilege taxes due in this
state. (c) The licensee shall exhibit to an insured, at any reasonable time during business
hours, records in the producer's office pertaining to policies of the insured upon the insured's
demand. (Acts 1957, No. 530, p. 726, §13; Acts 1971, No. 407, p. 707, §144; Acts 1988, No.
88-123, p. 159, §1; Act 2001-702, p. 1509, §9.)...
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27-7-35
Section 27-7-35 Division or sharing of commissions by licensees. (a) No licensee shall divide
with others or share in any commissions payable on account of the exercise of a license under
this title except a producer may divide or share in the commissions with other producers licensed
as to the same kinds of insurance or classifications thereof. (b) Violation of this section
shall be punishable as provided in subsection (b) of Section 27-7-34. (Acts 1957, No. 530,
p. 726, §15; Acts 1971, No. 407, p. 707, §147; Act 2001-702, p. 1509, §9.)...
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27-7-41
Section 27-7-41 Validity of certain licenses, appointments. (a) Every agent, broker, and solicitor
license in force immediately prior to January 1, 2002, and existing under any law repealed
or amended by Act 2001-702, is valid until its original expiration date, unless earlier terminated
in accordance with applicable law. Upon the first renewal under Act 2001-702, the respective
licenses shall be replaced by a producer license in a form as provided by Act 2001-702, and
shall thereafter be subject to continuation, suspension, revocation, or termination as though
originally issued under Act 2001-702. (b) Any agent appointment in place immediately prior
to January 1, 2002, and existing under any law repealed or amended by Act 2001-702 is valid
until its original expiration date, unless earlier terminated in accordance with applicable
law. Upon the first renewal under Act 2001-702, the agent appointment shall be replaced by
a producer appointment in a form as provided by Act 2001-702, and...
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36-29-6
Section 36-29-6 Authorization and execution of contracts; documentation of benefits. (a) The
board is hereby authorized to execute a contract or contracts to provide the plan determined
in accordance with the provisions of this chapter. Such contract or contracts may be executed
with one or more agencies or corporations licensed to transact or administer group health
insurance business in this state. All of the benefits to be provided under this chapter may
be included in one or more similar contracts issued by the same or different companies. (b)
Before entering into any contract or contracts authorized by subsection (a) of this section,
the board shall invite competitive bids from all qualified entities who may wish to administer
or offer plans for the health insurance coverage desired. The board shall award such contract
or contracts on a competitive basis as determined by the benefits afforded, administrative
costs, the costs to be incurred by employee, retiree, and employer, the...
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8-13-17
Section 8-13-17 Sale limited to inventoried stock; additions to inventory. (a) During any going
out of business sale or distress merchandise sale, it shall be unlawful for a licensee to
sell, offer for sale, or advertise for sale any goods, wares, or merchandise which were not
included in the inventory filed with his application or added to his stock as permitted in
this section. (b) During any licensed going out of business sale or distress merchandise sale,
no additions shall be made to the stock of merchandise set forth in the inventory attached
to the application for the license; provided, however, that the applicant may add new stock
not to exceed 10 percent of the dollar value of the inventory of goods, wares, or merchandise
on hand as shown in the inventory attached to the application filed pursuant to this chapter;
and provided further, that the addition of 10 percent shall include the goods, wares, or merchandise
on order as shown in the application. The purpose of said...
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9-12-123
Section 9-12-123 License for use of gill net. A recreational gill net license may be issued
to anyone wishing to utilize a 300-foot or less gill net for noncommercial purposes for a
fee of $50.00. Persons taking fish from Alabama waters under the auspices of the recreational
gill net license may not sell, barter, or offer for sale or barter, fish taken under this
authority. (Acts 1988, No. 88-577, p. 897, §7.)...
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27-10-22
Section 27-10-22 Endorsement of surplus line contract. Every insurance contract procured and
delivered as a surplus line coverage pursuant to this article shall be initialed by, or bear
the name and license number of, the surplus line broker who procured it and shall have stamped
upon it the following: "This contract is registered and delivered as a surplus line coverage
under the Alabama Surplus Line Insurance Law." (Acts 1963, No. 521, p. 1112, §9; Acts
1971, No. 407, p. 707, §197.)...
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