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5-18A-3
Section 5-18A-3 License - Required; applicability. (a) On or after January 1, 2004, no person
shall engage in the business of deferred presentment services without having first obtained
a license from the supervisor. A separate license shall be required for each location from
which the business is conducted. (b) Trust companies, life insurance companies, and federally
constituted agencies shall be exempt from licensing under this chapter. Notwithstanding anything
to the contrary in this chapter, this chapter shall not apply to any of the following entities,
and each of these entities shall be exempt from this chapter: Banks, credit unions, savings
associations, savings banks, and thrift institutions organized pursuant to the laws of this
state or any other state or the laws of the United States and any parent of any of the foregoing
entities. (c) This chapter shall have no application to persons who do not engage in deferred
presentment services. (Act 2003-359, p. 992, §3.)...
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11-26-4
Section 11-26-4 Health and accident group to establish trustees, bylaws, schedules, etc.; powers
generally. Each health and accident self-insurance group established under provisions of this
chapter shall have the power and authority to establish a governing body of trustees; establish
bylaws for the governing of such group; establish a schedule of benefits payable; establish
a schedule of charges to be collected from member counties for benefits provided; enter into
contracts with solvent insurance companies authorized to do business in this state; enter
into management and consultant contracts; hire attorneys and employees; and exercise such
powers and authority incident to the purposes of this chapter. (Acts 1981, No. 81-265, p.
348, §4.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-26-4.htm - 1K - Match Info - Similar pages
27-12A-8
Section 27-12A-8 Licensing penalties for insurance fraud. (a) A producer who violates this
chapter may be subject to the suspension or revocation of any insurance license held by the
producer or civil penalties of up to five thousand dollars ($5,000) per violation, or both.
Suspension or revocation of an insurance license or certificate of authority and the imposition
of civil penalties shall be pursuant to action brought before the commissioner. Suspension
or revocation of any insurance licenses and the imposition of civil penalties shall be pursuant
to action brought before the commissioner in accordance with this title. (b) An insurer who,
with such frequency as to indicate its general business practice in this state, is in violation
of this chapter may be subject to the suspension or revocation of any certificate of authority
held by insurer or civil penalties of up to five thousand dollars ($5,000) per violation,
or both. Suspension or revocation of a certificate of authority and...
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27-27-60
Section 27-27-60 Insider trading of domestic stock insurer equity securities - Rules and regulations.
The commissioner shall have the power to make such rules and regulations as may be necessary
for the execution of the functions vested in him by Sections 27-27-53 through 27-27-59 and
may for such purpose classify domestic stock insurance companies, securities, and other persons
or matters within his jurisdiction. No provision of Sections 27-27-53 through 27-27-55 imposing
any liability shall apply to any act done or omitted in good faith in conformity with any
rule or regulation of the commissioner, notwithstanding that such rule or regulation may,
after such act or omission, be amended or rescinded or determined by judicial or other authority
to be invalid for any reason. (Acts 1971, No. 407, p. 707, §556.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-60.htm - 1K - Match Info - Similar pages
27-29A-8
Section 27-29A-8 Confidentiality. (a) Documents, materials, or other information, including
the ORSA Summary Report, in the possession of or control of the Department of Insurance that
are obtained by, created by, or disclosed to the commissioner or any other person under this
chapter, are recognized by this state as being proprietary and to contain trade secrets. All
such documents, materials, or other information shall be confidential by law and privileged,
shall not be subject to any open records, freedom of information, sunshine, or other public
record disclosure laws, shall not be subject to subpoena, and shall not be subject to discovery
or admissible in evidence in any private civil action. However, the commissioner is authorized
to use the documents, materials, or other information in the furtherance of any regulatory
or legal action brought as a part of the commissioner's official duties. The commissioner
shall not otherwise make the documents, materials, or other information...
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27-2B-2
Section 27-2B-2 Definitions. As used in this chapter, these terms shall have the following
meanings: (1) ADJUSTED RBC REPORT. An RBC report which has been adjusted by the commissioner
in accordance with subsection (e) of Section 27-2B-3. (2) CORRECTIVE ORDER. An order issued
by the commissioner specifying corrective actions which the commissioner has determined are
required. (3) DOMESTIC INSURER. Any insurer domiciled in this state. (4) FOREIGN INSURER.
Any insurer which is licensed to do business in this state but not domiciled in this state.
(5) FRATERNAL BENEFIT SOCIETY. Any insurer licensed under Chapter 34. (6) HEALTH ORGANIZATION.
Any health care service plan, health maintenance organization, limited health service organization,
dental services corporation, or other managed care organization licensed under this title.
This term does not include any life and disability insurer or property and casualty insurer.
(7) INSURER. As defined in Section 27-1-2, including, without...
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41-10-467
Section 41-10-467 Bonds may be used to secure deposit and for investment of fiduciary funds.
The state and all public officers, municipal corporations, political subdivisions, and public
bodies, all banks, bankers, trust companies, savings banks and institutions, building and
loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees
and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging
to them or within their control in any bonds of the authority, and such bonds shall be authorized
security for all public deposits, it being the purpose of this article to authorize any persons,
firms, corporations, associations, political subdivisions, bodies, and officers, public or
private, to use any funds owned or controlled by them, including,...
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10A-2-1.01
Section 10A-2-1.01 Short title and applicability. REPEALED IN THE 2019 REGULAR SESSION BY ACT
2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) This chapter
and Chapter 1, to the extent applicable to business corporations, shall be known and may be
cited as the "Alabama Business Corporation Law." (b) This chapter applies to a domestic
business corporation formed and existing under this title and to a foreign business corporation
that is transacting business in this state, regardless of whether the foreign corporation
is registered to transact business in this state. Without in any way limiting the generality
of any provision of this chapter or of any provision of Chapter 1, this chapter and the provisions
of Chapter 1 to the extent applicable to business corporations shall apply to banks, trust
companies, savings and loan associations, insurance companies, public utilities, and railroad
companies, except to the extent, if any, that any provision of this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-1.01.htm - 1K - Match Info - Similar pages
11-26-3
Section 11-26-3 Compensation group to establish trustees, bylaws, schedules, etc.; powers generally.
Each workers' compensation self-insurance group established under the provisions of this chapter
shall have the power and authority to establish a governing body of trustees; establish bylaws
for the governing of such group; establish a schedule of benefits payable which are consistent
with applicable state and federal laws; establish a schedule of charges to be collected from
member counties for benefits provided which are consistent with applicable state and federal
laws; enter into contracts with solvent insurance companies authorized to do business in this
state; enter into management and consultant contracts; hire attorneys and employees; and exercise
such other power and authority incident to the purposes of this chapter. (Acts 1981, No. 81-265,
p. 348, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-26-3.htm - 1K - Match Info - Similar pages
27-29-4
Section 27-29-4 Registration of insurers. (a)(1) Every insurer which is authorized to do business
in this state and which is a member of an insurance holding company system shall register
with the commissioner, except a foreign insurer subject to registration requirements and standards
adopted by statute or regulation in the jurisdiction of its domicile which are substantially
similar to those contained in this section and both of the following: a. Subdivision (1) of
subsection (a) of Section 27-29-5, and subsections (b) and (d) of Section 27-29-5. b. Either
subdivision (2) of subsection (a) of Section 27-29-5 or a provision such as the following:
Each registered insurer shall keep current the information required to be disclosed in its
registration statement by reporting all material changes or additions within 15 days after
the end of the month in which it learns of each change or addition. (2) Any insurer which
is subject to registration under this section shall register within 15...
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