15-8-150
Section 15-8-150 Contents; sufficiency; use of analogous forms. The forms of indictment set
forth in this section in all cases in which they are applicable, are sufficient, and analogous
forms may be used in other cases. (1) CAPTION, COMMENCEMENT AND CONCLUSION GENERALLY. The
State of Alabama,) Circuit court, ___ session, ___) 20___ The grand jury of said county charge
that, before the finding of this indictment, etc. (describing the offense as in the following
forms), against the peace and dignity of the State of Alabama. E.F.J.,District Attorney of
the ______ circuit. (2) ADVERTISING, ETC., UNREGISTERED SECURITIES. A. B. did, contrary to
law, and subsequent to the ____ day of ____, 20__, advertise (or otherwise describing the
unlawful act) in this state for the purpose of inducing or securing subscriptions to or sales
of the capital stock of the X. Y. company (or otherwise describing the security so advertised),
which said stock (or other security) had not then...
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27-3-25
Section 27-3-25 Service of process on insurers - How served; time to answer or plead. (a) Service
of process upon the commissioner as process agent of the insurer under Section 27-3-24 shall
be made by the proper officer of Montgomery County by serving copies in triplicate of the
process upon the commissioner or upon his assistant, deputy or other person in charge of his
office. Upon receiving such service, the commissioner shall promptly forward a copy thereof
by certified mail or registered mail, with return receipt requested, to the person last designated
by the insurer to receive the same, as provided under subsection (b) of Section 27-3-24, return
one copy with his admission of service and retain one copy in the files of the department.
The commissioner shall keep a record of all actions filed against insurers wherein process
is served on the commissioner, noting the name of the insurer, the date of service, and the
type of action. (b) Where process is served upon the commissioner...
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27-10-33
Section 27-10-33 Service of process in action or proceeding against insurer. (a) Any unauthorized
insurer issuing a policy or assuming a direct insurance risk under this surplus line law shall
be deemed thereby to have appointed the commissioner as its attorney upon whom may be served
all lawful process in any action or proceeding against it in this state arising out of such
insurance. (b) Service of process upon the commissioner as process agent of the insurer shall
be made by the proper officer of Montgomery County by serving copies in triplicate of the
process upon the commissioner or upon his assistant, deputy, or other person in charge of
his office. Upon receiving such service, the commissioner shall promptly forward a copy thereof
by certified mail or registered mail to the person last designated to receive the same, as
provided in subsection (c) of this section, return one copy with his admission of service,
and retain one copy in the files of the department. (c) Each such...
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27-31-19
Section 27-31-19 Subscribers' advisory committee of domestic insurer. (a) The advisory committee
of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under
such rules as the subscribers adopt. (b) Not less than two thirds of such committee shall
be subscribers other than the attorney or any person employed by, representing, or having
a financial interest in the attorney. (c) The committee shall: (1) Supervise the finances
of the insurer; (2) Supervise the insurer's operations to such extent as to assure conformity
with the subscriber's agreement and power of attorney; (3) Procure the audit of the accounts
and records of the insurer and of the attorney at the expense of the insurer; and (4) Have
such additional powers and functions as may be conferred by the subscribers' agreement. (Acts
1971, No. 407, p. 707, §609.)...
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27-31-28
Section 27-31-28 Merger or conversion of domestic insurer. (a) A domestic reciprocal insurer,
upon affirmative vote of not less than two thirds of its subscribers who vote on such merger,
pursuant to due notice and the approval of the commissioner of the terms therefor, may merge
with another reciprocal insurer or be converted to a stock or mutual insurer. (b) Such a stock
or mutual insurer shall be subject to the same capital or surplus requirements and shall have
the same rights as a like domestic insurer transacting like kinds of insurance. (c) The commissioner
shall not approve any plan for such merger or conversion which is inequitable to subscribers
or which, if for conversion to a stock insurer, does not give each subscriber preferential
right to acquire stock of the proposed insurer proportionate to his interest in the reciprocal
insurer, as determined in accordance with Section 27-31-27 and a reasonable length of time
within which to exercise such right. (Acts 1971, No. 407,...
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27-31-7
Section 27-31-7 Certificate of authority - Application by domestic insurer; contents of declaration.
(a) Twenty-five or more persons domiciled in this state may organize a domestic reciprocal
insurer and make application to the commissioner for a certificate of authority to transact
insurance. (b) The proposed attorney shall fulfill the requirements of and shall execute and
file with the commissioner when applying for a certificate of authority a declaration setting
forth: (1) The name of the insurer; (2) The location of the insurer's principal office, which
shall be the same as that of the attorney and shall be maintained within this state; (3) The
kinds of insurance proposed to be transacted; (4) The names and addresses of the original
subscribers; (5) The designation and appointment of the proposed attorney and a copy of the
power of attorney; (6) The names and addresses of the officers and directors of the attorney,
if a corporation, or its members, if a firm; (7) The powers of the...
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27-43-6
Section 27-43-6 Insurers deemed eligible to transact legal expense insurance. (a) Any domestic,
foreign, or alien insurer authorized to transact casualty insurance or life, accident and
sickness insurance in this state may transact legal expense insurance in this state. (b) Legal
service insurance corporations possessing a valid certificate of authority may transact legal
expense insurance in this state. (Acts 1981, No. 81-719, p. 1214, §1; Acts 1984, No. 84-243,
p. 374, §1.)...
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27-31-23
Section 27-31-23 Levy of assessments on subscribers of domestic insurers - Time limit. Every
subscriber of a domestic reciprocal insurer having contingent liability shall be liable for
and shall pay his share of, any assessment, as computed and limited in accordance with this
chapter, if: (1) While his policy is in force or within one year after its termination, he
is notified by either the attorney or the commissioner of his intentions to levy such assessment;
or (2) An order to show cause why a receiver, conservator, rehabilitator, or liquidator of
the insurer should not be appointed is issued while his policy is in force or within one year
after its termination. (Acts 1971, No. 407, p. 707, §613.)...
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7-4-303
Section 7-4-303 When items subject to notice, stop-payment order, legal process, or setoff;
order in which items may be charged or certified. (a) Any knowledge, notice, or stop-payment
order received by, legal process served upon, or setoff exercised by a payor bank comes too
late to terminate, suspend, or modify the bank's right or duty to pay an item or to charge
its customer's account for the item if the knowledge, notice, stop-payment order, or legal
process is received or served and a reasonable time for the bank to act thereon expires or
the setoff is exercised after the earliest of the following: (1) The bank accepts or certifies
the item; (2) The bank pays the item in cash; (3) The bank settles for the item without having
a right to revoke the settlement under statute, clearing-house rule, or agreement; (4) The
bank becomes accountable for the amount of the item under Section 7-4-302 dealing with the
payor bank's responsibility for late return of items; or (5) With respect to...
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27-28-2
Section 27-28-2 Plan for exchange of stock, etc., between domestic stock insurer and holding
company - Procedure for exchange. A plan of exchange shall be adopted and become effective
in the following manner: (1) APPROVAL OF THE BOARDS OF DIRECTORS. - The boards of directors
of each corporate party to the plan of exchange by resolution shall adopt the plan of exchange
which shall set forth the terms and conditions of the exchange and the mode of carrying the
same into effect and such other provisions with respect to the exchange as may be deemed necessary
or desirable. (2) APPROVAL OF COMMISSIONER. - Every plan of exchange, before being submitted
to vote of the stockholders pursuant to subdivision (3) of this section, shall be submitted
for approval to the commissioner in accordance with the following procedure: a. After the
approval required by subdivision (1) of this section is obtained, the domestic company shall
submit to the commissioner three copies of the plan of exchange and...
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