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5-18-9
Section 5-18-9 License - Revocation, suspension, etc.; investigation of complaints. (a) Revocation
of license. - The supervisor shall, upon 10 days' written notice to the licensee stating the
contemplated action and in general the grounds therefor and upon reasonable opportunity to
be heard, revoke any license issued under this chapter if he finds that: (1) The licensee
has failed to pay the annual license fee; (2) The licensee, either knowingly or without the
exercise of due care to prevent the same, has violated any provisions of this chapter or any
regulation or order lawfully made pursuant to and within the authority of this chapter; (3)
Any fact or condition exists which, if it had existed or had been known to exist at the time
of the original application for such license, clearly would have justified the supervisor
in refusing originally to issue such license; except, that the license shall not be revoked
because of convenience and advantage; or (4) The licensee is guilty of...
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5-2A-81
Section 5-2A-81 Revocation and suspension of licenses; injunctive relief as to violations of
Small Loan Act. (a) Upon 10 days' written notice to a licensee, stating the contemplated action
and grounds therefor, and after giving the licensee a reasonable opportunity to be heard,
the bureau shall suspend or revoke any license issued under Chapter 18 of this title if it
finds: (1) That the licensee is in default in the payment of the annual license fee or has
failed to comply with any rule, regulation or order of the Bureau of Loans promulgated by
it under authority of Chapter 18 of this title; or (2) That a fact or condition exists as
to the licensee which would have justified the bureau in refusing originally a license to
him if the fact or condition had existed at the time of the original application for such
license by him. If the bureau finds that there exists probable cause for the suspension or
revocation of any license and that the enforcement of Chapter 18 of this title requires...
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22-37A-8
Section 22-37A-8 Injunctive relief. If it appears that a person has violated, is violating,
or is threatening to violate Section 22-37A-5 or Section 22-37A-7 or a rule adopted or order
issued under this chapter, the State Health Officer or a county health officer, as appropriate,
may institute a civil suit in his or her own name in a circuit court to obtain injunctive
relief to restrain the person from continuing the violation or threat of violation. (Acts
1997, No. 97-553, p. 975, §8.)...
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27-27-57
Section 27-27-57 Insider trading of domestic stock insurer equity securities - Applicability
of Sections 27-27-53 through 27-27-55. The provisions of Sections 27-27-53 through 27-27-55
shall not apply to foreign or domestic arbitrage transactions unless made in contravention
of such rules and regulations as the commissioner may adopt in order to carry out the purposes
of this chapter. (Acts 1971, No. 407, p. 707, §553.)...
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27-2B-6
Section 27-2B-6 Authorized control level event; commissioner's duties. (a) "Authorized
control level event" means any of the following events: (1) The filing of an RBC report
by the insurer which indicates that the insurer's total adjusted capital is greater than or
equal to its mandatory control level RBC but less than its authorized control level RBC. (2)
The notification by the commissioner to the insurer of an adjusted RBC report that indicates
the event in subdivision (1), provided the insurer does not challenge the adjusted RBC report
under Section 27-2B-8. (3) If, pursuant to Section 27-2B-8, the insurer challenges an adjusted
RBC report that indicates the event in subdivision (1), notification by the commissioner to
the insurer that the commissioner has, after a hearing, rejected the insurer's challenge.
(4) The failure of the insurer to respond, in a manner satisfactory to the commissioner, to
a corrective order, provided the insurer has not challenged the corrective order...
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32-7A-2
Section 32-7A-2 Definitions. (a) For the purposes of this chapter, the following terms shall
have the following meanings respectively ascribed to them in this section, except in those
instances where the context clearly indicates a different meaning: (1) CERTIFICATE OF INSURANCE.
A document issued by an insurer or its authorized representative showing that a specific vehicle
is insured for no less than the minimum limits of liability coverage for bodily injury or
death and for destruction of property under subsection (c) of Section 32-7-6. (2) COMMERCIAL
AUTOMOBILE LIABILITY INSURANCE POLICY. An insurance policy that: a. Is written on either a
commercial coverage or other commercially rated personal policy form, including, but not limited
to, a commercial auto, garage, or truckers form, and is not dependent on the type, number,
or ownership of vehicle or entity covered or insured. b. Insures vehicles that are not identified
individually by vehicle identification number on the policy....
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40-14B-1
Section 40-14B-1 Definitions. As used in this chapter, the following terms shall have the following
meanings: (1) AFFILIATE. An affiliate of another person shall include any of the following:
a. A person who directly or indirectly either: 1. Beneficially owns 15 percent or more of
the outstanding voting securities or other voting ownership interests of the other person,
whether through rights, options, convertible interests, or otherwise; or 2. Controls or holds
power to vote 15 percent or more of the outstanding voting securities or other voting ownership
interests of the other person. b. A person owning 15 percent or more of the outstanding voting
securities or other voting ownership interests of which are directly or indirectly either:
1. Beneficially owned by the other person, whether through rights, options, convertible interests,
or otherwise; or 2. Controlled or held with power to vote by the other person. c. A partnership
or limited liability company in which the other person...
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5-2A-12
Section 5-2A-12 Superintendent - Order to correct unsafe and unsound matters; penalties; procedure.
(a) For purposes of this section, a bank holding company is a holding company organized under
the laws of Alabama or another state in the United States that directly owns a majority of
the voting securities of an Alabama state bank. (b) The superintendent may order a bank, a
bank holding company, the board of directors, any director or directors, and any officer or
officers of any bank or bank holding company, individually or collectively (hereafter affected
person, whether one or more) to correct any matters in the conduct of the affairs of the bank
which in the opinion of the superintendent are unsafe and unsound. The Banking Board, after
at least 20 days' written notice by the superintendent to the bank and any affected person,
and a hearing before the Banking Board, may direct the superintendent to issue an order that
imposes civil money penalties on the bank or bank holding company...
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8-9A-1
Section 8-9A-1 Definitions. As used in this chapter: (1) AFFILIATE. a. A person who directly
or indirectly owns, controls, or holds with power to vote, 20 percent or more of the outstanding
voting securities of the debtor, other than a person who holds the securities, 1. As a fiduciary
or agent without sole discretionary power to vote the securities; or 2. Solely to secure a
debt, if the person has not exercised the power to vote; b. A corporation 20 percent or more
of whose outstanding voting securities are directly or indirectly owned, controlled, or held
with power to vote, by the debtor or a person who directly or indirectly owns, controls, or
holds, with power to vote, 20 percent or more of the outstanding voting securities of the
debtor, other than a person who holds the securities, 1. As a fiduciary or agent without sole
power to vote the securities; or 2. Solely to secure a debt, if the person has not in fact
exercised the power to vote; c. A person whose business is operated...
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8-9B-2
Section 8-9B-2 Definitions. As used in this chapter: (1) "Affiliate" means: (i) a
person that directly or indirectly owns, controls, or holds with power to vote, 20 percent
or more of the outstanding voting securities of the debtor, other than a person that holds
the securities: (A) as a fiduciary or agent without sole discretionary power to vote the securities;
or (B) solely to secure a debt, if the person has not in fact exercised the power to vote;
(ii) a corporation 20 percent or more of whose outstanding voting securities are directly
or indirectly owned, controlled, or held, with power to vote, by the debtor or a person that
directly or indirectly owns, controls, or holds, with power to vote, 20 percent or more of
the outstanding voting securities of the debtor, other than a person that holds the securities:
(A) as a fiduciary or agent without sole discretionary power to vote the securities; or (B)
solely to secure a debt, if the person has not in fact exercised the power to...
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