27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
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40-27-1
Section 40-27-1 Compact adopted; terms. The following Multistate Tax Compact is hereby approved,
adopted and enacted into law by the State of Alabama: Multistate Tax Compact Article I. Purposes.
The purposes of this compact are to: 1. Facilitate proper determination of state and local
tax liability of multistate taxpayers, including the equitable apportionment of tax bases
and settlement of apportionment disputes. 2. Promote uniformity or compatibility in significant
components of tax systems. 3. Facilitate taxpayer convenience and compliance in the filing
of tax returns and in other phases of tax administration. 4. Avoid duplicative taxation. Article
II. Definitions. As used in this compact: 1. "State" means a state of the United
States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or possession
of the United States. 2. "Subdivision" means any governmental unit or special district
of a state. 3. "Taxpayer" means any corporation, partnership, firm,...
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10A-20-6.13
Section 10A-20-6.13 Deposit of securities with State Treasurer. Every health care service corporation
shall deposit with, and thereafter maintain on deposit with, the Treasurer of the State of
Alabama bonds of the United States government or of the State of Alabama, or of any subdivision
thereof, or first mortgages on real estate situated in Alabama securing an indebtedness not
in excess of 50 percent of the appraised value thereof, subject to the approval of the Commissioner
of Insurance, in an amount to be determined as of the first day of January of each year as
follows: (1) Every company whose gross annual premium receipts from business done within this
state for the preceding year ending December 31 are less than fifty thousand dollars ($50,000)
shall so deposit and maintain securities of par and market value not less than five thousand
dollars ($5,000); (2) Every company whose gross annual premium receipts so computed are in
excess of fifty thousand dollars ($50,000) and less...
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8-6-8
Section 8-6-8 Registration of securities - Registration statement; conditions precedent; bond;
notice of action; fees; quarterly reports and financial statements; discharge from supervision.
(a) A registration statement on securities may be filed by the issuer, any other person on
whose behalf the offering is to be made, or a registered dealer. Any document filed under
this article within five years preceding the filing of a registration statement may be incorporated
by reference in the registration statement to the extent that the document is currently accurate.
The commission may permit, by rule or otherwise, the omission of any item of information or
document from any registration statement. (b) The Securities Commission may require as a condition
of registration by qualification or coordination that: (1) proceeds from the sale of the registered
security be impounded until the issuer receives a specified amount, or (2) any security issued
within the past three years, or to be...
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2-8-16
Section 2-8-16 Bond of treasurer of association. Before any money is remitted by the Commissioner
of Agriculture and Industries to the treasurer of an organization or association as authorized
under the provisions of this article, the treasurer of said organization shall furnish to
the commissioner a bond approved by the commissioner in the amount of not less than the estimated
annual total amount of the assessments handled by such officer. The surety on said bond shall
be a corporate surety company duly qualified and licensed to do business in Alabama, and said
bond shall be conditioned upon the faithful handling, proper accounting and properly authorized
expenditure of all funds received and disbursed by the principal named in said bond. (Acts
1961, Ex. Sess., No. 280, p. 2320, §16.)...
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2-8-163
Section 2-8-163 Bond of treasurer of association. Before any money is remitted by the Commissioner
of Agriculture and Industries to the treasurer of an organization or association, as authorized
under the provisions of this article, the treasurer of said organization shall furnish to
the commissioner a bond approved by the commissioner in an amount not less than the estimated
annual total amount of the assessments handled by such officer. The surety on said bond shall
be a corporate surety company qualified to do business in Alabama, and said bond shall be
conditioned upon the faithful handling, proper accounting and properly authorized expenditure
of funds received and disbursed by the principal named in said bond. (Acts 1963, No. 351,
p. 844, §14.)...
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2-8-204
Section 2-8-204 Bond of treasurer of commission. Before any money is remitted by the Commissioner
of Agriculture and Industries to the treasurer of a commission as authorized under the provisions
of this article, the treasurer of said commission shall furnish the commissioner a bond approved
by the commissioner in the amount of not less than the estimated annual total amount of the
assessments handled by such officer. The surety on said bond shall be a corporate surety company
duly qualified and licensed to do business in Alabama and said bond shall be conditioned upon
the faithful handling, proper accounting and properly authorized expenditure of all funds
received and disbursed by the principal named in said bond. (Acts 1981, No. 81-388, p. 586,
§15.)...
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2-8-285
Section 2-8-285 Bond of treasurer of association. Before any money is remitted by the Commissioner
of Agriculture and Industries to the treasurer of an organization or association as authorized
under the provisions of this article, the treasurer of said organization shall furnish to
the commissioner a bond approved by the commissioner in an amount not less than the estimated
quarterly receipts but not more than the estimated annual total amount of the assessment handled
by such officer. The surety on said bond shall be a corporate surety company duly qualified
and licensed to do business in Alabama, and said bond shall be conditioned upon the faithful
handling, proper accounting and properly authorized expenditure of all funds received and
disbursed by the principal named in said bond. (Acts 1987, No. 87-587, p. 961, §16.)...
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2-8-56
Section 2-8-56 Bond of treasurer of association. Before any money is remitted by the Commissioner
of Agriculture and Industries to the treasurer of an organization or association as authorized
under the provisions of this article, the treasurer of said organization shall furnish to
the commissioner a bond approved by the commissioner in an amount not less than the estimated
quarterly receipts but not more than the estimated annual total amount of the assessment handled
by such officer. The surety on said bond shall be a corporate surety company duly qualified
and licensed to do business in Alabama, and said bond shall be conditioned upon the faithful
handling, proper accounting and properly authorized expenditure of all funds received and
disbursed by the principal named in said bond. (Acts 1973, No. 463, p. 653, §17.)...
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2-8-96
Section 2-8-96 Bond of treasurer of association. Before any money is remitted by the Commissioner
of Agriculture and Industries to the treasurer of an organization or association as authorized
under the provisions of this article, the treasurer of said organization shall furnish the
commissioner a bond approved by the commissioner in the amount of not less than the estimated
annual total amount of the assessments handled by such officer. The surety on said bond shall
be a corporate surety company duly qualified and licensed to do business in Alabama, and said
bond shall be conditioned upon the faithful handling, proper accounting and properly authorized
expenditure of all funds received and disbursed by the principal named in said bond. (Acts
1971, No. 227, p. 523, §17.)...
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