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27-25-9
Section 27-25-9 Violations; enforcement of chapter; penalties. (a) Each individual transaction
which is in violation of this chapter or which does not otherwise conform to the requirements
of this chapter shall be considered a violation. (b) This chapter shall be enforceable only
by the commissioner and does not create any private cause of action or other private legal
recourse. (c) The commissioner may, in his or her discretion and upon good cause shown, revoke
the certificate of authority of a title agent, revoke the license issued to a title insurer,
or impose a fine in an amount not to exceed five hundred dollars ($500) for each violation
of this chapter or of any rule or regulation promulgated under this chapter. No title insurer
shall pay, directly or indirectly, any portion of a fine imposed on any agent of the title
insurer. In addition, the commissioner may impose a fine in an amount not to exceed five thousand
dollars ($5,000) per violation upon a finding that an agent or an...
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27-39-2
Section 27-39-2 Applicability of chapter. This chapter shall be deemed and held exclusive authority
for the organization and operation of automobile clubs and associations within this state,
and such clubs and associations shall not be subject to any other laws respecting insurance
companies of any class, kind, or character except as to the conduct of hearings by the commissioner
and appeals therefrom; provided, however, that this chapter shall not affect the validity
of any membership certificate of any automobile club or association issued and outstanding
prior to January 1, 1972. Notwithstanding the aforementioned, nothing in this chapter shall
be construed as authority for a licensed automobile club or association to provide or furnish
insurance coverage unless such clubs shall have complied with all the laws and regulations
required of insurance companies authorized to do business in this state. (Acts 1971, No. 407,
p. 707, §805.)...
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27-2B-9
Section 27-2B-9 Confidentiality of reports and plans; information sharing agreements; publication
of RBC levels prohibited; use of reports and plans by commissioner. (a) All RBC reports, to
the extent the information therein is not required to be set forth in a publicly available
annual statement schedule, and RBC plans, including the results or report of any examination
or analysis of an insurer performed pursuant hereto and any corrective order issued by the
commissioner pursuant to examination or analysis, with respect to any domestic insurer or
foreign insurer which are filed with the commissioner constitute information that may be damaging
to the insurer if made available to its competitors and therefore shall be kept confidential
by the commissioner. This information shall not be made public or be subject to subpoena,
other than by the commissioner, and then only for the purpose of enforcement actions taken
by the commissioner pursuant to this chapter or any other provision of...
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27-3-26
Section 27-3-26 Annual statement of insurers; furnishing of other information on request. (a)
Each authorized insurer shall, annually on or before March 1, or within such extension of
time not exceeding 30 days after March 1 as the commissioner for good cause shown may grant
as to a particular insurer, file with the commissioner a full and true statement of its financial
condition, transactions and affairs as of the December 31, preceding. The statement shall
be in such general form and context as is in current use for similar reports to states in
general with respect to the type of insurer and kinds of insurance to be reported upon and
as supplemented by additional information required by the commissioner. The statement shall
be verified by the oath of the insurer's president or vice-president and secretary or actuary
as applicable or, if a reciprocal insurer, by the oath of the attorney-in-fact or its like
officers if a corporation. (b) The statement of an alien insurer shall be...
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27-30-21
Section 27-30-21 Accounts and records. (a) Every mutual aid association shall keep complete
and accurate accounts and records of its affairs and transactions, in accordance with the
usual and accepted methods and principles of insurance accounting and record keeping as applicable
to the kind of business transacted by the association. (b) All such accounts and records of
a mutual aid association shall be kept in the principal offices of the association located
in this state and be available for inspection thereat by the commissioner on any general business
day. (c) The commissioner may suspend or revoke the certificate of authority of any association
found by him to be in violation of this section. (Acts 1971, No. 407, p. 707, §577.)...
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27-9A-8
Section 27-9A-8 Prelicensing course and examination. (a)(1) Every individual subject to the
examination required in subsection (b) shall first complete a prelicensing course consisting
of 20 classroom hours per line of authority, or equivalent individual instruction. (2) The
prelicensing course shall have been completed within 12 months before the date of the related
examination as shown on the certificate furnished by the prelicensing course provider. (3)
Every prelicensing course provider shall apply annually for the continued authority to issue
certificates of completion under rules to be prescribed by the commissioner. (4) At the time
of initial approval and annually thereafter, the commissioner shall collect from each prelicensing
course provider a fee set by the commissioner not to exceed one hundred dollars ($100). The
fee shall be deposited in the State Treasury to the credit of the Insurance Department Fund.
Public institutions shall be exempt from paying the fee, but shall...
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27-19-105
Section 27-19-105 Regulations for long-term care policies; outline of coverage, policy summary,
and monthly report. (a) The commissioner may adopt regulations that include standards for
full and fair disclosure setting forth the manner, content, and required disclosures for the
sale of long-term care insurance policies, terms of renewability, initial and subsequent conditions
of eligibility, nonduplication of coverage provisions, coverage of dependents, preexisting
conditions, termination of insurance, continuation or conversion, probationary periods, limitations,
exceptions, reductions, elimination periods, requirements for replacement, recurrent conditions,
and definitions of terms. Regulations under this subsection should recognize the developing
and unique nature of long-term care insurance and the distinction between group and individual
long-term insurance policies. (b) No long-term care insurance policy may do any of the following:
(1) Be cancelled, nonrenewed, or otherwise...
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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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27-3-19
Section 27-3-19 Continuance, expiration, reinstatement and amendment of certificates. (a) Certificates
of authority issued or renewed under this title shall continue in force as long as the insurer
is entitled thereto under this title and until suspended, revoked or terminated at the request
of the insurer; subject, however, to continuance of the certificate by the insurer each year
by: (1) Payment prior to March 1 of the continuation fee provided in Section 27-4-2; and (2)
Due filing by the insurer of its annual statement for the calendar year preceding as required
under Section 27-3-26. (b) If not so continued by the insurer, its certificate of authority
shall expire at midnight on the May 31, next following, such failure of the insurer so to
continue it in force. The commissioner shall promptly notify the insurer of the occurrence
of any such failure resulting in impending expiration of its certificate of authority. (c)
The commissioner may, in his discretion, reinstate a...
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15-13-101
Section 15-13-101 Definitions. As used in this article, the following terms shall have the
following meanings, respectively, unless the context clearly indicates otherwise. (1) APPEARANCE
BOND. An appearance bond is an undertaking to pay the clerk of the circuit, district, or municipal
court, for the use of the State of Alabama or the municipality, a specified sum of money upon
the failure of a person released to comply with its conditions. (2) JUDICIAL OFFICER. Any
supreme court, appellate court, circuit court, district court, or municipal court judge or
any magistrate of any court in this state. (3) PROFESSIONAL BAIL COMPANY. A person, individual
proprietor, partnership, corporation, or other entity, other than a professional surety company,
that furnishes bail or becomes surety for a person on an appearance bond and does so for a
valuable consideration. (4) PROFESSIONAL BONDSMAN. An individual person or agent employed
by a professional surety company or professional bail company to...
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