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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