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27-3-8
Section 27-3-8 Authority to transact insurance - Kind or combinations of kinds - Special surplus.
(a) In addition to the minimum paid-in capital stock (stock insurers) or minimum surplus (mutual
and reciprocal insurers) required by Section 27-3-7, special surplus shall be possessed by
insurers hereafter applying for original certificates of authority in this state as follows:
(1) All stock insurers and foreign mutual and foreign reciprocal insurers which have actively
transacted insurance in their states or countries of domicile as an authorized insurer for
less than five years and which do not meet the requirements of paragraphs (2) a or (2) b of
Section 27-3-4, when first authorized to transact insurance in this state shall have a surplus
or additional surplus equal to 150 percent of the paid-up capital stock, if a stock insurer,
or surplus, if a foreign mutual or foreign reciprocal insurer, otherwise required under Section
27-3-7 for the kinds of insurance to be transacted; and (2)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-3-8.htm - 2K - Match Info - Similar pages
40-17-271
Section 40-17-271 Powers and authority of the Commissioner of the Department of Revenue. (a)
Notwithstanding any other provisions of this law, the Commissioner of the Department of Revenue
is authorized to enter into reciprocal agreements on behalf of this state with the duly authorized
representatives of any of the states of the United States, the District of Columbia, or a
state or province of a foreign country or a territory or possession of either the United States
or a foreign country providing for the uniform administration of motor fuels use taxation
laws with respect to motor vehicles operated in multiple member jurisdictions. (b) In exercising
the authority granted by this article, the commissioner is expressly authorized and empowered
to enter into and to become a member of the International Fuel Tax Agreement or any other
designation that may, from time to time, be given to that plan, developed pursuant to the
Federal Intermodal Surface Transportation Efficiency Act of 1991....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-271.htm - 2K - Match Info - Similar pages
2-17-1
Section 2-17-1 Definitions. When used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) COMMISSIONER.
The Commissioner of Agriculture and Industries of the State of Alabama or his duly authorized
representative. (2) FIRM. Any partnership, association or other unincorporated business organization.
(3) MEAT BROKER. Any person, firm or corporation engaged in the business of buying or selling
carcasses, parts of carcasses, meat or meat food products of cattle, sheep, swine, goats,
horses, mules or other equines or poultry on commission or otherwise negotiating purchases
or sales of such articles other than for his own account or as an employee of another person,
firm or corporation. (4) POULTRY. Any live or slaughtered domesticated bird. (5) RENDERER.
Any person, firm or corporation engaged in the business of rendering carcasses or parts or
products of the carcasses of cattle, sheep, swine, goats,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-17-1.htm - 13K - Match Info - Similar pages
27-31-25
Section 27-31-25 Nonassessable policies. (a) If a reciprocal insurer has a surplus of assets
over all liabilities at least equal to the minimum capital stock required of a domestic stock
insurer authorized to transact like kinds of insurance, upon application of the attorney and
as approved by the subscribers' advisory committee, the commissioner shall issue his certificate
authorizing the insurer to extinguish the contingent liability of subscribers under its policies
then in force in this state and to omit provisions imposing contingent liability in all policies
delivered, or issued for delivery, in this state for so long as all such surplus remains unimpaired.
(b) Upon impairment of such surplus, the commissioner shall forthwith revoke the certificate.
Such revocation shall not render subject to contingent liability any policy then in force
and for the remainder of the period for which the premium has theretofore been paid; but after
such revocation, no policy shall be issued or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-31-25.htm - 2K - Match Info - Similar pages
27-24-3
Section 27-24-3 Sole surety - Mutual or reciprocal surety insurers. An authorized mutual or
reciprocal surety insurer which has and maintains a surplus over and above all of its liabilities
of $500,000.00, upon meeting all of the requirements of this title, except as to capital stock,
may become and be accepted as sole surety on bonds or undertakings required or permitted by
the laws of this state or by the charters, ordinances, rules, and regulations of any county,
municipal corporation, board, body, organization, or public officer; provided, however, that
any such bond or undertaking executed by such insurer shall be nonassessable and shall not
provide for any contingent liability. (Acts 1947, No. 533, p. 388; Acts 1971, No. 407, p.
707, ยง488.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-24-3.htm - 1K - Match Info - Similar pages
27-3-7
Section 27-3-7 Authority to transact insurance - Kind or combinations of kinds - Minimum paid-in
capital stock and surplus. (a) To qualify for authority to transact any one kind of insurance,
as defined in Chapter 5 of this title, or combination of kinds of insurance as shown below,
an insurer applying for its original certificate of authority in this state after the effective
date of this title or continuing such original certificate of authority shall possess and
thereafter maintain unimpaired paid-in capital stock, if a stock insurer, or unimpaired surplus,
if a foreign mutual or foreign reciprocal insurer, in amount not less than as applicable under
the schedule below and shall possess when first so authorized such additional funds as surplus
as are required under Section 27-3-8: Kind or kinds of insurance Minimum capital or surplus
required Life $800,000.00 Disability 500,000.00 Life and disability 800,000.00 Property 300,000.00
Marine 300,000.00 Casualty 400,000.00 Surety...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-3-7.htm - 3K - Match Info - Similar pages
32-6-56
Section 32-6-56 Powers of Commissioner of Revenue as to reciprocal agreements with other states,
etc., for registration of vehicles on an apportionment or allocation basis. Notwithstanding
any other provisions of this Code, the Commissioner of the Department of Revenue is hereby
authorized and empowered to enter into reciprocal agreements on behalf of this state with
the duly authorized representatives of any of the states of the United States, the District
of Columbia, or a state or province of a foreign country or a territory or possession of either
the United States or of a foreign country providing for the registration of vehicles on an
apportionment or allocation basis. In exercising the authority granted to him or her by this
section, the commissioner is expressly authorized and empowered to enter into and to become
a member of the International Registration Plan or such other designation that may, from time
to time, be given to such plan, developed by the American Association of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-6-56.htm - 2K - Match Info - Similar pages
27-6B-2
Section 27-6B-2 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ACCREDITED STATE.
A state in which the Department of Insurance meets the minimum financial qualifications and
regulatory standards promulgated and established, from time to time, by the National Association
of Insurance Commissioners. (2) COMMISSIONER. The Commissioner of Insurance. (3) CONTROL or
CONTROLLED. The same as defined in Section 27-29-1. (4) CONTROLLED INSURER. A licensed insurer
who is controlled, directly or indirectly, by a producer. (5) CONTROLLING PRODUCER. A producer
who, directly or indirectly, controls an insurer. (6) LICENSED INSURER or INSURER. Any person,
firm, association, or corporation duly licensed to transact a property and casualty insurance
business in this state. For the purposes of this chapter, the following are not licensed insurers:
a. A residual market pool and a joint...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-6B-2.htm - 2K - Match Info - Similar pages
22-26-2
Section 22-26-2 Authority of boards of health to require installation of connections with sanitary
sewers, etc.; rules and regulations. The State Board of Health and/or county boards of health,
acting through its duly authorized agents or employees, shall require every person, firm or
corporation or municipal corporation, or agent thereof, owning or occupying property within
the state, to install the type and number of sewage collection, treatment, and disposal facilities
conforming to rules and regulations of the State Board of Health and/or county boards of health
and require connection to a sanitary sewer conforming to rules and regulations of the State
Board of Health and/or county boards of health where sanitary sewers are available and are
not regulated by the municipal corporation, or to dispose of sewage in such sanitary manner
as shall be approved by the State Board of Health. All required sewage treatment and disposal
facilities shall conform in every respect with the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-26-2.htm - 1K - Match Info - Similar pages
27-31A-12
Section 27-31A-12 Duty of producers to obtain license. (a) Risk retention groups. Persons representing
or aiding a risk retention group in the solicitation or negotiation of liability insurance
in this state and the risk retention group with respect thereto shall be subject to Chapters
7 and 8A of this title. (b) Purchasing groups. (1) No person, firm, association, or corporation
shall act or aid in any manner in soliciting, negotiating, or procuring liability insurance
in this state for a purchasing group from an authorized insurer or a risk retention group
chartered in a state unless the person, firm, association, or corporation is licensed as an
insurance producer in accordance with Chapter 7, commencing with Section 27-7-1, of this title.
(2) No person, firm, association, or corporation shall act or aid in any manner in soliciting,
negotiating, or procuring liability insurance coverage in this state for any member of a purchasing
group under a purchasing group's policy unless that...
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