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27-9A-12
Section 27-9A-12 License denial, non-renewal, or revocation. (a) The commissioner may
place on probation, suspend, revoke, or refuse to issue or renew an independent adjuster's
license, an apprentice independent adjuster's license, or the registration of an emergency
independent adjuster, or may levy a civil penalty in accordance with subsection (d), or any
combination of these actions, for any one or more of the following causes: (1) Providing incorrect,
misleading, incomplete, or materially untrue information in the license application. (2) Violating
any insurance laws, rules, subpoena, or order of the commissioner or of another state's insurance
regulator. (3) Obtaining or attempting to obtain a license or registration through misrepresentation
or fraud. (4) Improperly withholding, misappropriating, or converting any monies or properties
received in the course of acting as an adjuster of any type or in otherwise doing insurance
business in this state or elsewhere. (5) Intentionally...
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25-5-8
Section 25-5-8 Employers' options to secure payment of compensation. (a) Option to insure
risks. An employer subject to this chapter may secure the payment of compensation under this
chapter by insuring and keeping insured his or her liability in some insurance corporation,
association, organization, insurance association, corporation, or association formed of employers
and workers or formed by a group of employers to insure the risks under this chapter, operating
by mutual assessment or other plans or otherwise. Notwithstanding the foregoing, the insurance
association, organization, or corporation shall have first had its contract and plan of business
approved in writing by the Commissioner of the Department of Insurance of Alabama and have
been authorized by the Department of Insurance to transact the business of workers' compensation
insurance in this state and under the plan. Notwithstanding any other provision of the law
to the contrary, the obligations of employers under law for...
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22-6-221
Section 22-6-221 Service by integrated care network; board of directors. (a) An integrated
care network shall serve only Medicaid beneficiaries in providing medical care and services.
For the purposes of this article, a beneficiary cannot be a member of both an integrated care
network and a regional care organization. (b) An integrated care network shall provide required
medical care and services to Medicaid beneficiaries and may coordinate care provided by or
through an affiliation of other health care providers or other programs as the Medicaid Agency
shall determine. (c) Notwithstanding any other provision of law, the integrated care network
shall not be deemed an insurance company under state law. (d)(1) An integrated care network
shall have a governing board of directors composed of the following members: a. Twelve members
shall be persons representing risk bearing participants. A participant bears risk by contributing
cash, capital, or other assets to the integrated care network....
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27-17A-14
Section 27-17A-14 Surety bond. (a) As an alternative to the trust requirement of Section
27-17A-13, the details of which are set forth in Articles 3 and 4, a preneed provider may,
with the prior approval of the commissioner, purchase a surety bond in an amount not less
than the aggregate value of outstanding liabilities on undelivered preneed contracts for merchandise,
services, and cash advances. For the purposes of this section, the term outstanding
liabilities means the original retail amount of services and cash advances and the actual
cost to the entity to provide the undelivered merchandise sold on each contract written after
April 30, 2002. The surety bond shall be in an amount sufficient to cover the outstanding
liability at the time each contract is executed. (b) The bond shall be made payable to the
State of Alabama for the benefit of the commissioner and of all purchasers of preneed merchandise,
services, and cash advances. The bond shall be issued by an insurance company...
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27-29A-6
Section 27-29A-6 Exemption. (a) An insurer shall be exempt from the requirements of
this chapter, if it meets both of the following: (1) The insurer has annual direct written
and unaffiliated assumed premium, including international direct and assumed premium but excluding
premiums reinsured with the Federal Crop Insurance Corporation and Federal Flood Program,
less than five hundred million dollars ($500,000,000). (2) The insurance group of which the
insurer is a member has annual direct written and unaffiliated assumed premium including international
direct and assumed premium, but excluding premiums reinsured with the Federal Crop Insurance
Corporation and Federal Flood Program, less than one billion dollars ($1,000,000,000). (b)
If an insurer qualifies for exemption pursuant to subdivision (1) of subsection (a), but the
insurance group of which the insurer is a member does not qualify for exemption pursuant to
subdivision (2) of subsection (a), then the ORSA Summary Report that may...
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27-3-11
Section 27-3-11 Deposit requirements - Generally. (a) The commissioner shall not issue
or permit to exist a certificate of authority as to any insurer, other than an alien insurer,
unless it has deposited and maintains deposited in trust with the Treasurer of this state
cash or securities eligible under Section 27-6-3 and having a value at all times of
not less than $100,000.00 or the minimum paid-in capital stock, if a stock insurer, or surplus,
if a mutual or reciprocal insurer, required to be maintained by the insurer under this title
for authority to transact the kinds of insurance to be transacted, whichever is the smaller
amount. (b) The deposit shall be for the general benefit and protection of the insurer's policyholders
or its policyholders and creditors. (c) In lieu of such deposit, or part thereof, in this
state of a foreign insurer, the commissioner shall, subject to the retaliatory law, Section
27-3-29, accept the current certificate in proper form of the public official...
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27-44-5
Section 27-44-5 Definitions. As used in this chapter, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
ACCOUNT. Either of the three accounts created under Section 27-44-6. (2) ASSOCIATION.
The Alabama Life and Disability Insurance Guaranty Association created under Section
27-44-6. (3) AUTHORIZED ASSESSMENT or the term AUTHORIZED when used in the context of assessments.
A resolution by the board of directors has been passed whereby an assessment will be called
immediately or in the future from member insurers for a specified amount. An assessment is
authorized when the resolution is passed. (4) BENEFIT PLAN. A specific employee, union, or
association of natural persons benefit plan. (5) CALLED ASSESSMENT or the term CALLED when
used in the context of assessments. A notice that has been issued by the association to member
insurers requiring that an authorized assessment be paid within the time frame set forth within...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-44-5.htm - 7K - Match Info - Similar pages
8-33-11
Section 8-33-11 Enforcement provisions. (a) The commissioner may conduct examinations
of warrantors, administrators, or other persons to enforce this chapter and protect warranty
holders in this state. Upon request of the commissioner, a warrantor shall make available
to the commissioner all accounts, books, and records concerning vehicle protection products
sold by the warrantor that are necessary to enable the commissioner to reasonably determine
compliance or noncompliance with this chapter. (b) The commissioner may take action that is
necessary or appropriate to enforce this chapter, the commissioner's rules and orders, and
to protect warranty holders in this state. If a warrantor engages in a pattern or practice
of conduct that violates this chapter and that the commissioner reasonably believes threatens
to render the warrantor insolvent or cause irreparable loss or injury to the property or business
of any person or company located in this state, the commissioner may do any of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-33-11.htm - 3K - Match Info - Similar pages
27-9A-9
Section 27-9A-9 Exemptions from examination. (a) An individual applicant for an independent
adjuster license in this state shall not be required to complete any prelicensing course or
examination if the person is currently licensed in another state for the same line or lines
of authority based on an independent adjuster examination or if such state license has expired
and the application is received by this state within 90 days of expiration. The applicant
shall either provide certification from the other state that the applicant's license is currently
in good standing or was in good standing at the time of expiration or the state's producer
database records maintained by the NAIC must indicate that the applicant is or was licensed
in good standing. The certification must be of a license with the same line of authority for
which the individual has applied. (b) A person licensed as an independent adjuster in another
state based on an independent adjuster examination who, within 90 days...
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32-7A-2
Section 32-7A-2 Definitions. (a) For the purposes of this chapter, the following terms
shall have the following meanings respectively ascribed to them in this section, except
in those instances where the context clearly indicates a different meaning: (1) CERTIFICATE
OF INSURANCE. A document issued by an insurer or its authorized representative showing that
a specific vehicle is insured for no less than the minimum limits of liability coverage for
bodily injury or death and for destruction of property under subsection (c) of Section
32-7-6. (2) COMMERCIAL AUTOMOBILE LIABILITY INSURANCE POLICY. An insurance policy that: a.
Is written on either a commercial coverage or other commercially rated personal policy form,
including, but not limited to, a commercial auto, garage, or truckers form, and is not dependent
on the type, number, or ownership of vehicle or entity covered or insured. b. Insures vehicles
that are not identified individually by vehicle identification number on the policy....
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