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5-25-10
Section 5-25-10 Annual report. (a) Each licensee shall annually, on or before May 1, file a
written report with the department containing that information the department may require
concerning the licensee's business and operations during the preceding calendar year, including
financial statements. (b) Reports shall be made under oath and shall be in the form prescribed
by the department. Any licensee who fails to prepare and file with the department by May 1
the report required by this section shall pay the department a late penalty of one hundred
dollars ($100) for each day after May 1. The department may, in its discretion, relieve any
licensee from the payment of any penalty, in whole or in part, if good cause is shown. If
a licensee fails to pay a penalty from which it has not been relieved, the department may,
through the Attorney General, maintain an action at law to recover the penalty. (Act 2001-692,
p. 1439, §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-25-10.htm - 1K - Match Info - Similar pages
27-28-2
Section 27-28-2 Plan for exchange of stock, etc., between domestic stock insurer and holding
company - Procedure for exchange. A plan of exchange shall be adopted and become effective
in the following manner: (1) APPROVAL OF THE BOARDS OF DIRECTORS. - The boards of directors
of each corporate party to the plan of exchange by resolution shall adopt the plan of exchange
which shall set forth the terms and conditions of the exchange and the mode of carrying the
same into effect and such other provisions with respect to the exchange as may be deemed necessary
or desirable. (2) APPROVAL OF COMMISSIONER. - Every plan of exchange, before being submitted
to vote of the stockholders pursuant to subdivision (3) of this section, shall be submitted
for approval to the commissioner in accordance with the following procedure: a. After the
approval required by subdivision (1) of this section is obtained, the domestic company shall
submit to the commissioner three copies of the plan of exchange and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-28-2.htm - 13K - Match Info - Similar pages
27-36A-5
Section 27-36A-5 Computation of minimum standard. (a) Except as provided in Sections 27-36A-6,
27-36A-7 and 27-36A-14, the minimum standard for the valuation of all the policies and contracts
issued prior to May 28, 1996, shall be that provided by the laws in effect immediately prior
to May 28, 1996. (b) Except as otherwise provided in Sections 27-36A-6, 27-36A-7, and 27-36A-14,
the minimum standard for the valuation of all policies and contracts issued on or after May
28, 1996, shall be the commissioners reserve valuation method defined in Sections 27-36A-8,
27-36A-9, 27-36A-12, and 27-36A-14, three and one-half percent interest, or, in the case of
life insurance policies and contracts, other than annuity and pure endowment contracts, issued
on or after August 23, 1976, four percent interest for the policies issued prior to July 30,
1979, and five and one-half percent interest for single premium life insurance policies and
four and one-half percent interest for all other policies...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-36A-5.htm - 5K - Match Info - Similar pages
27-7-4.2
Section 27-7-4.2 Licenses - Applicability to insurance producer. (a) Nothing in this chapter
shall be construed to require an insurer to obtain an insurance producer license. In this
section, the term "insurer" does not include an insurer's officers, directors, employees,
subsidiaries, or affiliates. (b) A license as an insurance producer shall not be required
of any of the following: (1) An officer, director, or employee of an insurer or of an insurance
producer, provided that the officer, director, or employee does not receive any commission
on policies written or sold to insure risks residing, located, or to be performed in this
state and any of the following: a. The officer, director, or employee's activities are executive,
administrative, managerial, clerical, or a combination of these, and are only indirectly related
to the sale, solicitation, or negotiation of insurance. b. The officer, director, or employee's
function relates to underwriting, loss control, inspection, or the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-7-4.2.htm - 4K - Match Info - Similar pages
35-20-13
Section 35-20-13 Records. (a) A homeowners' association subject to this chapter shall maintain
records and information to be made available to each member or potential purchaser, upon written
request, within a reasonable time not to exceed 30 days from the date of the request, and
upon the payment of reasonable associated costs. Any homeowners' association may provide the
records and information in paper or electronic form or direct the member or potential purchaser
to the location of any public record containing the records or information. (b) Upon written
request by a member or potential purchaser and upon payment of reasonable costs, the homeowners'
association, as specified in subsection (a), shall provide or direct the member or potential
purchaser to the location of the public record containing the following: (1) Documents reflecting
the most recent assessments, any pending homeowners' association assessments approved by the
board but not yet in effect, or any mandatory dues and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-20-13.htm - 2K - Match Info - Similar pages
40-14B-8
Section 40-14B-8 Report upon receipt of certified capital; annual report; financial statement.
(a) Each certified capital company shall report to the Alabama Development Office as soon
as practicable after the receipt of certified capital the following: (1) The name of each
certified investor from whom the certified capital was received, including the certified investor's
insurance premium tax identification number. (2) The amount of each certified investor's investment
of certified capital and premium tax credits. (3) The date on which the certified capital
was received. (b) Not later than January 31 of each year, each certified capital company shall
report to the Alabama Development Office all of the following: (1) The amount of the company's
certified capital at the end of the preceding year. (2) Whether or not the company has invested
more than 15 percent of its total certified capital in any one business. (3) Each qualified
investment that the company made during the preceding...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-14B-8.htm - 2K - Match Info - Similar pages
10A-20-6.13
Section 10A-20-6.13 Deposit of securities with State Treasurer. Every health care service corporation
shall deposit with, and thereafter maintain on deposit with, the Treasurer of the State of
Alabama bonds of the United States government or of the State of Alabama, or of any subdivision
thereof, or first mortgages on real estate situated in Alabama securing an indebtedness not
in excess of 50 percent of the appraised value thereof, subject to the approval of the Commissioner
of Insurance, in an amount to be determined as of the first day of January of each year as
follows: (1) Every company whose gross annual premium receipts from business done within this
state for the preceding year ending December 31 are less than fifty thousand dollars ($50,000)
shall so deposit and maintain securities of par and market value not less than five thousand
dollars ($5,000); (2) Every company whose gross annual premium receipts so computed are in
excess of fifty thousand dollars ($50,000) and less...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-6.13.htm - 2K - Match Info - Similar pages
16-12-1
Section 16-12-1 Appointment, compensation, and removal; vacancies. (a) The city board of education
shall appoint a city superintendent of schools to hold office at the pleasure of the board.
The city superintendent of schools shall receive such compensation as the city board of education
shall direct. The city board of education may remove the city superintendent of schools for
incompetency, immorality, misconduct in office, willful neglect of duty, or when, in the opinion
of the board, the best interests of the schools require such action. (b) Within 90 days after
the occurrence of a vacancy, the city board of education shall announce, in a regularly or
specially called meeting, a proposed process and time-line for posting and selecting a superintendent.
Notice of a vacancy in the position of an appointed city superintendent of education shall
be posted by the city board of education. The notice shall be posted in a conspicuous place
at each school campus and worksite at least 30...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-12-1.htm - 3K - Match Info - Similar pages
16-9-11
Section 16-9-11 Vacancies. (a) A vacancy in the position of county superintendent shall be
filled by the county board of education within 180 days after such a vacancy occurs. Within
90 days after the occurrence of a vacancy, the county board of education shall announce, in
a regularly or specially called meeting, a proposed process and time-line for posting and
selecting a superintendent. (b) In the event such vacancy is not filled by the county board
of education within 180 days, the state superintendent shall withhold state warrants until
the vacancy is filled unless the board, to the satisfaction of the state superintendent, exhibits
good faith and reasonable effort in progress toward selecting a superintendent. (c) Notice
of a vacancy in the position of an appointed county superintendent of education shall be posted
by the county board of education. The notice shall be posted in a conspicuous place at each
school campus and worksite at least 30 calendar days before the position is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-9-11.htm - 2K - Match Info - Similar pages
24-11-9
Section 24-11-9 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR SESSION,
EFFECTIVE MARCH 28, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Department of Revenue;
Forms. The Department of Revenue shall adopt forms for the following: (1) The designation
of an account with a financial institution to serve as a first-time and second chance home
buyer savings account. (2) An account holder to annually submit to the Department of Revenue
detailed information regarding the first-time and second chance home buyer savings account,
including, but not limited to, a list of transactions for the account during the tax year
and identifying any supporting documentation required to be maintained by the account holder.
(Act 2018-467, §9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-11-9.htm - 1K - Match Info - Similar pages
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