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27-31B-8
Section 27-31B-8 Formation of captive insurance companies in this state. (a) A pure captive
insurance company or a protected cell captive insurance company shall be formed as a stock
or mutual insurer, or as a nonprofit or limited liability company with its capital divided
into units and held by the stockholders, members, or other equivalent as allowed by law. (b)
An association captive insurance company, an industrial insured captive insurance company,
or a risk retention group may be formed in any of the following ways: (1) Organized as a stock
insurer with its capital divided into share units and held by the stockholders, members, or
other equivalent as allowed by law. (2) Organized as a mutual insurer without capital stock,
the governing body of which is elected by the member organizations of its association. (3)
Organized as a reciprocal insurer in accordance with Chapter 31 of this title. (4) Organized
as a manager-managed limited liability company. (c) A captive insurance...
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27-44-8
Section 27-44-8 Powers and duties of association. (a) If a member insurer is an impaired insurer,
the association may, in its discretion and subject to any conditions imposed by the association
that do not impair the contractual obligations of the impaired insurer, and that are approved
by the commissioner: (1) Guarantee or reinsure, or cause to be guaranteed, assumed, or reinsured,
any or all of the covered policies of the impaired insurers. (2) Provide such moneys, pledges,
notes, guarantees, or other means as are proper to effectuate subdivision (1), and assure
payment of the contractual obligations of the impaired insurer pending action under subdivision
(1). (b) If a member insurer is an insolvent insurer, the association shall, in its discretion
and subject to the approval of the commissioner, do either of the following: (1)a. Guarantee,
assume, or reinsure, or cause to be guaranteed, assumed, or reinsured, the covered policies
of the insolvent insurer. b. Assure payment of the...
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32-7A-3
Section 32-7A-3 Powers and duties of department. (a) The department shall administer and enforce
the provisions of this chapter and shall make such reasonable rules and regulations concerning
any matter administered in this chapter and shall provide for hearings upon the request of
persons aggrieved by orders or acts of the department under the provisions of this chapter.
(b) The department may prescribe and provide suitable notices and forms necessary to carry
out the provisions of this chapter. (c) The department: (1) May make necessary investigations
to procure information required to carry out the provisions of this chapter. (2) Shall suspend
the motor vehicle registrations pursuant to the provisions of this chapter. (3) Shall require
insurance companies doing business in this state to regularly report the vehicle identification
numbers covered by their mandatory liability insurance policies in a manner specified by the
department. (4) May operate a pilot program to study the...
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27-10-55
Section 27-10-55 Exemptions. This Unauthorized Insurers Process Act shall not apply as to surplus
line insurance lawfully effectuated under this title nor to any action or proceeding against
an unauthorized insurer arising out of: (1) Wet marine and transportation insurance; (2) Insurance
on, or with respect to, subjects located, resident or to be performed wholly outside this
state or on, or with respect to, vehicles or aircraft owned and principally garaged outside
this state; (3) Insurance on property or operations of railroads engaged in interstate commerce;
or (4) Insurance on aircraft or cargo of such aircraft or against liability, other than employer's
liability, arising out of the ownership, maintenance, or use of such aircraft where the policy
or contract contains a provision designating the commissioner as its attorney for the acceptance
of service of lawful process in any action or proceeding instituted by, or on behalf of, an
insured or beneficiary arising out of any such...
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11-47-24
Section 11-47-24 Government agency required to provide defense counsel to any employee sued
for damages arising out of performance of official duties; municipal corporation authorized
to obtain liability insurance. (a) Whenever any employee of a municipal corporation of the
State of Alabama shall be sued for damages arising out of the performance of his official
duties, and while operating a motor vehicle or equipment engaged in the course of his employment,
such government agency shall be authorized and required to provide defense counsel for such
employees in such suit and to indemnify him from any judgment rendered against him in such
suit. In no event shall a municipal corporation of the state be required to provide defense
and indemnity for employees who may be sued for damages arising out of actions which were
either intentional or willful or wanton. (b) All municipal corporations of the State of Alabama
are hereby authorized to contract at governmental expense for policies of...
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27-31C-4
Section 27-31C-4 Issuance of license - Requirements. (a)(1) The commissioner may not issue
a license to an Alabama Coastal Captive Insurance Company unless the company possesses and
maintains unimpaired paid-in capital of not less than one million dollars ($1,000,000); however,
in the case of an Alabama Coastal Captive Insurance Company formed as a sponsored captive
insurance company that does not assume any risk, where the risks insured by the protected
cells are homogenous, the commissioner may reduce this amount to an amount not less than five
hundred thousand dollars ($500,000). (2) a. Except for an Alabama Coastal Captive Insurance
Company formed as a sponsored captive insurance company that does not assume any risk, the
capital must be in the form of cash, cash equivalent, or an irrevocable letter of credit issued
by a bank chartered by this state or a member bank of the Federal Reserve System with a branch
office in this state or as approved by the commissioner. b. For an...
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27-5-11
Section 27-5-11 Limits of risk. (a) No insurer shall retain any risk on any one subject of
insurance, whether located or to be performed in this state or elsewhere, in an amount exceeding
10 percent of its surplus to policyholders. (b) A "subject of insurance," for the
purposes of this section, as to insurance against fire and hazards other than windstorm, earthquake,
and other catastrophic hazards, includes all properties insured by the same insurer which
are customarily considered by underwriters to be subject to loss or damage from the same fire
or the same occurrence of such other hazard insured against. (c) Reinsurance ceded as authorized
by Section 27-5-12 shall be deducted in determining risk retained. As to surety risks, deduction
shall also be made of the amount assumed by any established incorporated cosurety and the
value of any security deposited, pledged or held subject to the surety's consent and for the
surety's protection. (d) As to alien insurers, this section shall...
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45-37A-56.30
Section 45-37A-56.30 Operation or leasing of parking facilities. (a) As used in this section,
the word person means a natural person, a corporation, a partnership, or unincorporated association.
(b) It is hereby declared to be the public policy of this state, with respect to each parking
facility, that upon an authority's acquiring a parking facility the authority shall carefully
consider and decide, whether it is in the public interest that the authority itself operate
such facility, enter into a contract with some person to operate such facility for the authority,
or lease such facility. Among the factors the authority shall consider in making such decision
are the following: (1) The relative efficiency of the alternate operations. (2) The relative
economy of the three alternate operations. (3) The overall advantage and benefit to the authority
and the public of the alternate operations. (c) In order to make the foregoing determination
the authority shall ascertain the following: The...
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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...
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23-1-80.1
Section 23-1-80.1 County commissions - Use of county roads in conducting timber operations.
(a) A county commission, by ordinance or resolution, may require all persons or firms that
own timber in any unincorporated area of the county which plan to utilize county roads for
delivery of pulpwood, logs, poles, posts, or wood chips to any wood yard or processing plant
to provide notice of their intent to utilize the county roads to the county commission. For
purposes of this section, the term timber owner means any person or firm that has entered
into a contract with a landowner for the purposes of severing that timber and delivering pulpwood,
logs, poles, posts, or wood chips to any wood yard or processing plant. In the case where
the landowner harvests his or her own timber and delivers pulpwood, logs, poles, posts, or
wood chips to any wood yard or processing plant, the landowner is the timber owner. The term
timber owner is intended to mean the person or firm who has legal title to the...
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