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10A-2A-1.40
Section 10A-2A-1.40 Chapter definitions. Notwithstanding Section 10A-1-1.03, as used in this
chapter, unless otherwise specified or unless the context otherwise requires, the following
terms have the following meanings: (1) AUTHORIZED STOCK means the stock of all classes and
series a corporation or foreign corporation is authorized to issue. (2) BENEFICIAL STOCKHOLDER
means a person who owns the beneficial interest in stock, which is either a record stockholder
or a person on whose behalf shares of stock are registered in the name of an intermediary
or nominee. (3) CERTIFICATE OF INCORPORATION means the certificate of incorporation described
in Section 10A-2A-2.02, all amendments to the certificate of incorporation, and any other
documents permitted or required to be delivered for filing by a corporation with the Secretary
of State under this chapter or Chapter 1 that modify, amend, supplement, restate, or replace
the certificate of incorporation. After an amendment of the certificate...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-1.40.htm - 13K - Match Info - Similar pages
34-27-31
Section 34-27-31 Recovery Fund created; fees paid to fund; injured party's recovery from fund;
procedures, appeals, etc.; licensee to report any legal action taken against him or her. (a)
The commission shall establish and maintain a Recovery Fund from which an aggrieved party
may recover actual or compensatory damages, not including interest and court costs, sustained
only within the State of Alabama as a result of conduct of a broker or salesperson in violation
of Article 1 or 2 of this chapter or the rules and regulations of the commission. (b) Notwithstanding
any other provision to the contrary, payments from the Recovery Fund are subject to the following
conditions and limitations: (1) The fund shall not be obligated for the acts or omissions
of a broker or salesperson while acting on his or her own behalf or on behalf of his or her
child, spouse, or parent regarding property in which he or she or his or her spouse, child,
or parent has, or is attempting to acquire, an interest;...
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27-29A-4
Section 27-29A-4 ORSA requirement. Subject to Section 27-29A-6, an insurer, or the insurance
group of which the insurer is a member, shall regularly conduct an ORSA consistent with a
process comparable to the ORSA Guidance Manual. The ORSA shall be conducted no less than annually
but also at any time when there are significant changes to the risk profile of the insurer
or the insurance group of which the insurer is a member, or both. (Act 2016-386, §1.)...
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27-2-9
Section 27-2-9 Commissioner of Insurance - Annual report. As early as consistent with full
and accurate preparation, the commissioner shall annually make a report to the Governor of
his official transactions during the preceding calendar year. He shall include in the report:
(1) A statement of the receipts and expenditures of the department for the preceding year;
(2) An exhibit of the financial condition and business transactions during the preceding year
of insurers authorized to transact business in this state, as disclosed by the financial statements
of the insurers filed with the commissioner; (3) Names of insurers whose business was closed
during the year, the cause thereof, and amount of assets and liabilities as ascertainable;
(4) Names of insurers against whom delinquency or similar proceedings were instituted and
a concise statement of the circumstances and results of each such proceeding; (5) His recommendations
as to amendments or supplementation of laws affecting...
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27-29B-2
Section 27-29B-2 Definitions. For purposes of this chapter, the following definitions apply:
(1) COMMISSIONER. The Commissioner of Insurance. (2) CORPORATE GOVERNANCE ANNUAL DISCLOSURE
or CGAD. A confidential report filed by an insurer or insurance group in accordance with the
requirements of this chapter. (3) INSURANCE GROUP. Insurers and affiliates included within
an insurance holding company system as defined in Chapter 29. (4) INSURER. As defined in Section
27-1-2, except the term shall not include agencies, authorities, or instrumentalities of the
United States, its possessions and territories, the Commonwealth of Puerto Rico, the District
of Columbia, or a state or political subdivision of a state. (5) NATIONAL ASSOCIATION OF INSURANCE
COMMISSIONERS or NAIC. The National Association of Insurance Commissioners and its affiliates
and subsidiaries. (Act 2019-97, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-29B-2.htm - 1K - Match Info - Similar pages
27-54-6
Section 27-54-6 Cost report. Every issuer of a group health benefit plan subject to this chapter
shall provide a cost report for each calendar year to the Commissioner of Insurance no later
than April 30th of the following year. The report shall be in a form prescribed by the commissioner
and shall include certification of parity in mental health benefits and total annual costs
of mental health services relative to total health costs. The commissioner shall compile this
data for all health benefit plans in an annual report solely for the purpose of demonstrating
the health cost impact of the requirements of this chapter. (Act 2000-386, p. 605, §7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-54-6.htm - 962 bytes - Match Info - Similar pages
27-17A-11.1
Section 27-17A-11.1 Report of preneed contract activity; written logs. (a) On a semi-annual
basis, within 45 days after the end of each second calendar reporting period, the certificate
holder shall file a report of its preneed contract activity on a form or in a format prescribed
by the commissioner. The information reported shall include the total number of preneed contracts
in force at the end of the previous reporting period, the total number of preneed contracts
sold during the reporting period, the total number of preneed contracts fulfilled during the
reporting period, the total number of preneed contracts in force at the end of the reporting
period, and such other information as may be required by the commissioner. The report shall
be organized by type of funding including, life insurance, trust, letter of credit, or surety
bond. The report shall also provide a certification by the trustee of the amount of assets
held by the trust at the beginning of the reporting period and at...
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27-20-2
Section 27-20-2 Group disability insurance - Mandatory policy provisions. Each such group disability
insurance policy shall contain in substance the following provisions: (1) A provision that,
in the absence of fraud, all statements made by applicants, or the policyholders or by an
insured person shall be deemed representations and not warranties and that no statement made
for the purpose of effecting insurance shall void such insurance or reduce benefits unless
contained in a written instrument signed by the policyholder or the insured person, a copy
of which has been furnished to such policyholder or to such person or his beneficiary; (2)
A provision that the insurer will furnish to the policyholder for delivery to each employee,
or member of the insured group, a statement in summary form of the essential features of the
insurance coverage of such employee or member and to whom benefits thereunder are payable.
If dependents are included in the coverage, only one certificate need be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-20-2.htm - 1K - Match Info - Similar pages
27-2A-2
Section 27-2A-2 Report of material acquisitions and dispositions; confidential treatment. (a)
Every insurer domiciled in this state shall file a report with the commissioner disclosing
material acquisitions and dispositions of assets or material nonrenewals, cancellations, or
revisions of ceded reinsurance agreements unless the acquisitions and dispositions of assets
or material nonrenewals, cancellations, or revisions of ceded reinsurance agreements have
been submitted to the commissioner for review, approval, or information purposes pursuant
to other provisions of the insurance code, laws, regulations, or other requirements. (b) The
report required in subsection (a) is due within 15 days after the end of the calendar month
in which any of the transactions in subsection (a) occur. (c) One complete copy of the report,
including any exhibits or other attachments, shall be filed with the following: (1) The insurance
department of the insurers state of domicile. (2) The National...
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27-2B-3
Section 27-2B-3 Preparation and submission of RBC report; formulas; desirability of excess
capital; adjustment of inaccurate RBC report. (a) Every domestic insurer shall, on or prior
to each March 1 (the "filing date"), prepare and submit to the commissioner a report
of its RBC levels as of the end of the calendar year just ended, in a form and containing
information as is required by the RBC instructions. In addition, every domestic insurer shall
file its RBC report with: (1) The NAIC according to the RBC instructions. (2) The insurance
commissioner in any state in which the insurer is authorized to do business, if the insurance
commissioner has notified the insurer of its request in writing, in which case the insurer
shall file its RBC report not later than the later of either of the following: a. Fifteen
days from the receipt of notice to file its RBC report with that state. b. The filing date.
(b) A life and health insurer's and a fraternal benefit society's RBC shall be determined...
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