27-36-3
Section 27-36-3 Unearned premium reserve - Property, general casualty and surety insurance.
(a) As to insurance against loss or damage to property, except as provided in Section 27-36-4,
and as to all general casualty insurance and surety insurance, every insurer shall maintain
an unearned premium reserve on all policies in force. (b) The commissioner may require that
such reserves shall be equal to the unearned portions of the gross premiums in force after
deducting applicable reinsurance in solvent insurers as computed on each respective risk from
the policy's date of issue. If the commissioner does not so require, the portions of the gross
premium in force, less applicable reinsurance in solvent insurers, to be held as an unearned
premium reserve, shall be computed according to the following table: Term for Which Policy
Was Written Reserved for Unearned Premium 1 year or less 1/2 2 years 1st year 3/4 2nd year
1/4 3 years 1st year 5/6 2nd year 1/2 3rd year 1/6 4 years 1st year 7/8...
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5-11A-8
Section 5-11A-8 Sale of bonds or securities for satisfaction of judgment against trust company.
When any person, firm or corporation has established by final court proceedings a claim against
said company to secure which said bonds or other securities were deposited and said claim
is not paid within 30 days by said company, the State Treasurer shall proceed forthwith to
sell a sufficient number of said bonds to pay the judgment against said company and pay said
judgment by paying the amount to the proper official of the court wherein said judgment exists.
(Acts 1980, No. 80-658, §5-11-8.)...
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27-13-21
Section 27-13-21 Applicability of article - Generally. The provisions of this article shall
apply to insurance against loss to property located in this state, or to any valuable interest
therein, by fire, lightning, windstorm, explosion, or by theft or physical damage to motor
vehicles and all other kinds of insurance which fire insurance companies are authorized to
write in this state, except this article shall not apply to reinsurance, aviation insurance
and marine insurance, which term shall mean, and include, insurance and reinsurance against
any, and all, kinds of loss or damage to the following subject matters of insurance and interests
therein: (1) Hulls, vessels and craft of every kind; (2) Aids to navigation; (3) Dry docks
and marine railways, including marine builders' and repairers' risks, and whether complete
or in process of, or awaiting, construction; (4) All marine protection and indemnity risks;
and (5) All goods, freights, cargoes, merchandise, effects, disbursements,...
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27-5-5
Section 27-5-5 "Property insurance" defined. "Property insurance" is insurance
on real or personal property of every kind and of every interest therein, whether on
land, water, or in the air, against loss or damage from any and every hazard or cause and
against loss consequential upon such loss or damage other than noncontractual legal liability
for any such loss or damage. (Acts 1971, No. 407, p. 707, §90.)...
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6-6-200
of the judgment creditor filed with the clerk or register, such clerk or register of such court
shall issue a notice to the person, firm, or corporation against whom such execution shall
have been so returned, requiring such person, persons, member or members of such firm or corporation,
through a duly authorized agent, to file in such court within 30 days from the service of
such notice a statement in writing, under oath, of all of the assets of such person, firm,
or corporation, including money, choses in action, notes, bonds, and accounts and all other
property, real, personal or mixed, or any interest therein, with a detailed description
of the same, the location and reasonable value of each item thereof, together with a detailed
list or statement of any and all liens, mortgages, or encumbrances thereon, showing the amounts
due upon each and the owner or holder of such liens, encumbrances, or mortgages. (Acts 1915,
No. 813, p. 927; Code 1923, §7348; Code 1940, T. 7, §903.)...
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41-9-351
Section 41-9-351 Commission may provide for insurance for properties and employees. (a) The
commission may provide insurance covering loss or damage to its properties or any properties
of others in its custody, care, or control or any properties as to which it has any insurable
interest caused by fire or other casualty and may likewise provide insurance for the payment
of damages on account of the injury or death of persons and the loss or destruction
of properties of others, and may pay the premiums out of the revenues of the commission. Nothing
in this section shall be construed to authorize or permit the institution of any civil action
or proceeding in any court against the commission for or on account of any matter referred
to in this section. Any contracts of insurance authorized by this section may, in the discretion
of the chair of the commission, provide for a direct right of action against the insurance
carrier for the enforcement of any claims or causes of action. (b) The...
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41-9-961
Section 41-9-961 Insurance; civil actions; liability. (a) The commission may provide insurance
covering loss or damage to its properties or any properties of others in its custody, care,
or control, or any properties as to which it has any insurable interest caused by fire or
other casualty and may likewise provide insurance for the payment of damages on account of
the injury to or death of persons and the loss of or destruction of properties of others,
and may pay the premiums out of the revenues of the commission. Nothing in this section shall
be construed to authorize or permit the institution of any civil action or proceeding in any
court against the commission for or on account of any matter referred to in this section;
provided, any contracts of insurance authorized by this section may, in the discretion of
the chair of the commission, provide for a direct right of action against the insurance carrier
for the enforcement of any claims or causes of action. (b) The liability under...
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15-18-184
Section 15-18-184 Authority to maintain general liability insurance. An authority or nonprofit
entity contracting with the department under this article shall maintain appropriate liability
insurance in an amount sufficient to insure against loss resulting from bodily injury,
death or property damage, subject to the limitations on recovery of damages contained in this
article and any other immunities from civil liability or defenses established under the Constitution
of Alabama or any other section of the code or common law, to which the entities might be
entitled. The insurance may be obtained through any source available to an approving county
commission. (Acts 1991, No. 91-441, p. 795, §15; Act 2010-734, p. 1846, §1.)...
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19-3A-407
Section 19-3A-407 Insurance policies and similar contracts. (a) Except as otherwise provided
in subsection (b), a fiduciary shall allocate to principal the proceeds of a life insurance
policy or other contract in which the trust or its fiduciary is named as beneficiary, including
a contract that insures the trust or its fiduciary against loss for damage to, destruction
of, or loss of title to a trust asset. The fiduciary shall allocate dividends on an insurance
policy to income if the premiums on the policy are paid from income, and to principal if the
premiums are paid from principal. (b) A fiduciary shall allocate to income proceeds of a contract
that insures the fiduciary against loss of occupancy or other use by an income beneficiary,
loss of income, or, subject to Section 19-3A-403, loss of profits from a business. (c) This
section does not apply to a contract to which Section 19-3A-409 applies. (Act 2000-675, p.
1343, §1.)...
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27-5-7
Section 27-5-7 "Surety insurance" defined. "Surety insurance" includes:
(1) Fidelity insurance, which is insurance guaranteeing the fidelity of persons holding positions
of public or private trust; (2) Insurance guaranteeing the performance of contracts, other
than insurance policies, and guaranteeing and executing bonds, undertakings and contracts
of suretyship; and (3) Insurance indemnifying banks, bankers, brokers, financial or moneyed
corporations or associations against loss, resulting from any cause, of bills of exchange,
notes, bonds, securities, evidences of debt, deeds, mortgages, warehouse receipts or other
valuable papers, documents, money, precious metals, and articles made therefrom, jewelry,
watches, necklaces, bracelets, gems, precious and semiprecious stones, including any loss
while the same are being transported in armored motor vehicles or by messenger, but not including
any other risks of transportation or navigation; also, insurance against loss or damage to
such...
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