27-27-46
Section 27-27-46 Merger and consolidations - Domestic mutual insurers. (a) A domestic mutual
insurer may merge or consolidate with another insurer under the applicable procedures prescribed
by the statutes of this state applying to corporations formed for profit, except as provided
in this section. (b) The plan and agreement for merger or consolidation shall be submitted
to, and approved by, at least two-thirds of the members of each mutual insurer voting thereon
at meetings called for the purpose pursuant to such reasonable notice and procedure as has
been approved by the commissioner. If a life insurer, right to vote may be limited to members
whose policies are other than term and group policies and have been in effect for more than
one year. (c) No such merger or consolidation shall be effectuated unless in advance thereof
the plan and agreement therefor have been filed with the commissioner and approved by him
in writing after a hearing thereon. The commissioner shall give such...
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27-30-24
Section 27-30-24 Examinations by commissioner. The commissioner shall, at least once every
three years and oftener whenever he deems it prudent to do so, examine each mutual aid association
doing business in this state. Except as to frequency of examination, such examinations and
the association shall be subject to the provisions of Chapter 2 of this title as applicable
to similar examinations of other insurers. (Acts 1935, No. 114, p. 165; Acts 1971, No. 407,
p. 707, §581.)...
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27-30-20
Section 27-30-20 Funds of association. The funds of a mutual aid association shall be in cash
or invested as provided by the laws of this state with respect to such associations and life
insurers. (Code 1940, T. 28, §253; Acts 1971, No. 407, p. 707, §576.)...
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27-30-26
Section 27-30-26 Incorporation and financing of new associations. New domestic mutual aid associations,
whether stock corporations or mutual corporations, shall hereafter be incorporated and financed
under the same provisions and procedures as apply to domestic legal reserve stock or mutual
insurers under Chapter 27 of this title, other than provisions made inapplicable under Section
27-30-33 or in conflict with the express provisions of this chapter; except, that, if to be
a mutual corporation, its articles of incorporation shall provide either for the contingent
liability of its members for the payment of losses and expenses of the association or the
general conditions under which such members may otherwise be required to pay assessments for
the payment of such losses and expenses, and the liability of members to assessment shall
be further detailed in the corporation's bylaws. (Acts 1971, No. 407, p. 707, §584.)...
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27-30-4
Section 27-30-4 Authorization to act as, or for, association - Generally. (a) No person shall
in this state be, act as or hold itself out to be a mutual aid association except in compliance
with this chapter and as authorized by a subsisting certificate of authority therefor, issued
by the commissioner under this chapter. (b) No person shall act as solicitor, collector or
otherwise as an agent or representative of any entity or organization acting as, or purporting
to be, a mutual aid association unless such entity or organization is then authorized as a
mutual aid association as required in subsection (a) of this section. (c) Any person who violates
this section shall, upon conviction thereof, be guilty of a misdemeanor and punished by a
fine of not less than $200.00 nor more than $1,000.00, or by imprisonment in the county jail
for not less than 10 days nor more than one year or by both such fine and imprisonment, in
the discretion of the court. For the purposes of this section, each...
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40-18-55
Section 40-18-55 Statement to be furnished by taxpayer. Every corporation, joint stock company,
or association organized under the laws of the state or organized under the laws of any other
state, nation, or territory and doing business in this state, whether taxable under this chapter
or not, shall furnish to the officers and employees of the state charged with the duties of
carrying out the provisions of this chapter, a true and accurate statement at such times and
in such manner and form and setting forth such facts as the Department of Revenue shall deem
necessary to enforce the provisions of this chapter. Such statement shall be made upon oath
or affirmation of the officer or employee of the corporation, joint stock company, or association
best qualified to furnish the desired information. (Acts 1935, No. 194, p. 256; Code 1940,
T. 51, §421.)...
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10A-20-11.01
Section 10A-20-11.01 Alteration, amendment, or extension of charter by incorporated medical,
dental, pharmaceutical, etc., association. (a) Any incorporated medical association of the
State of Alabama, Alabama Dental Association, Alabama Pharmaceutical Association, or other
corporations organized similarly to the corporation or of a similar kind may alter, amend,
or extend its charter, or may do any two or all of these, in the manner following: (1) A written
resolution setting out the name of the corporation and embodying the proposed alterations,
amendments, or extensions shall be submitted to a lawful annual meeting of the corporation
or other lawful meeting of the corporation and adopted by a two-thirds vote of those present
at the meeting and lawfully entitled to vote on business matters coming before the meeting;
(2) The president, or some other executive officer of the corporation, and the secretary thereof
shall prepare, sign, and acknowledge as conveyances are acknowledged and...
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10A-20-6.16
Section 10A-20-6.16 Applicability of insurance laws. (a) No statute of this state applying
to insurance companies shall be applicable to any corporation organized under this article
and amendments thereto or to any contract made by the corporation; except the corporation
shall be subject to the following: (1) The provisions regarding annual premium tax to be paid
by insurers on insurance premiums. (2) Chapter 55 of Title 27. (3) Article 2 and Article 3
of Chapter 19 of Title 27. (4) Section 27-1-17. (5) Chapter 56 of Title 27. (6) Rules promulgated
by the Commissioner of Insurance pursuant to Sections 27-7-43 and 27-7-44. (7) Chapter 54
of Title 27. (8) Chapter 57 of Title 27. (9) Chapter 58 of Title 27. (10) Chapter 59 of Title
27. (11) Chapter 54A of Title 27. (12) Chapter 12A of Title 27. (13) Chapter 2B of Title 27.
(14) Chapter 29 of Title 27. (15) Chapter 62 of Title 27. (b) The provisions in subsection
(a) that require specific types of coverage to be offered or provided shall...
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10A-2A-15.10
Section 10A-2A-15.10 Definitions. The term "foreign corporation," as used in this
division, shall mean: (1) Any bank or other corporation now or hereafter organized or existing
under the laws of any state of the United States other than this state; and (2) Any national
banking association or other corporation organized under the laws of the United States having
its principal place of business in any state of the United States other than this state. (Act
2019-94, §1.)...
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10A-2A-15.14
Section 10A-2A-15.14 Foreign corporation previously acting in fiduciary capacity in state.
The provisions of this division shall not prohibit any foreign corporation authorized to act
in a fiduciary capacity or capacities in the state in which it is incorporated or any national
banking association or other corporation organized under the laws of the United States authorized
to act in a fiduciary capacity or capacities in its principal place of business which, prior
to April 14, 1956, or in the case of a corporation other than a national banking association,
prior to January 1, 1995, was acting or appointed to act in this state in a particular fiduciary
capacity or capacities, from continuing in the performance of the fiduciary activity or activities
without complying with the provisions of this division. (Act 2019-94, §1.)...
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