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2-15-61
Section 2-15-61 Permits required for operation of livestock markets; applications; issuance;
revocation; appeals. (a) No person shall operate a livestock market in the State of Alabama
without first having obtained from the commissioner, as required by this division, an annual
permit therefor. (b) The application for such a permit shall be made upon forms furnished
by the department, which shall be verified by affidavit of the applicant which shall include
all of the following information: (1) The name and address of the applicant or applicants
and, if a corporation, its officers, and if a partnership, the names and addresses of its
partners. (2) The place where applicant proposes to operate a livestock market. (3) A description
of the property and facilities proposed to be used as a livestock market. (4) The kind of
livestock the applicant proposes to handle at the livestock market and the day or days of
the week the applicant proposes to conduct sales. (5) A financial statement of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-15-61.htm - 5K - Match Info - Similar pages
27-10-52
Section 27-10-52 Service of process upon insurer; judgment by default. (a) Service of process
upon an insurer pursuant to Section 27-10-51 shall be made by delivering to, and leaving with,
the commissioner, or some person in apparent charge of his office, two copies thereof and
the payment to him of such fees as may be prescribed by law. The commissioner shall forthwith
mail by registered mail one of the copies of the process to the defendant at its last known
principal place of business and shall keep a record of all process so served upon him. Such
service of process is sufficient, provided notice of the service and a copy of the process
are sent promptly after such service by the commissioner by registered mail to the defendant
at its last known principal place of business and the defendant's receipt, or receipt issued
by the post office with which the letter is registered, showing the name of the sender of
the letter and the name and address of the person to whom the letter is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-10-52.htm - 3K - Match Info - Similar pages
27-15-29
Section 27-15-29 Prohibited policy plans. (a) No insurer shall hereafter deliver or issue for
delivery in this state any policy or contract providing for the establishment of its policyholders
or members into divisions and classes and for payment of benefits from special funds created
for such purpose to the oldest member of the division and class or to the member of the division
and class whose policy has been in force the longest period of time upon the death of a member
in such division and class, or under any other similar plan; except, that any insurer heretofore
operating on such a plan in this state, whether by conversion from a fraternal benefit society
or otherwise, may continue to do so upon the condition that the insurer shall not hereafter
establish its policyholders or members into any new divisions, classes or groupings of any
kind, other than those heretofore established and containing subsisting policies heretofore
issued, and that the insurer, if a stock insurer, shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-29.htm - 2K - Match Info - Similar pages
27-21A-12
Section 27-21A-12 Protection against insolvency. (a) Unless otherwise provided below, each
health maintenance organization shall deposit with the commissioner, or with any organization
or trustee acceptable to him through which a custodial or controlled account is utilized,
cash, securities, or any combination of these or other measures acceptable to him in the amount
set forth in this section. (b) The amount for an organization that is beginning operation
shall be the greater of: (1) five percent of its estimated expenditures for health care services
for its first year of operation, (2) twice its estimated average monthly uncovered expenditures
for its first year of operation, or (3) $100,000. At the beginning of each succeeding year,
unless not applicable, the organization shall deposit with the commissioner, or organization,
or trustee, cash, securities, or any combination of these or other measures acceptable to
the commissioner, in an amount equal to four percent of its estimated...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-21A-12.htm - 6K - Match Info - Similar pages
27-27-9
Section 27-27-9 Solicitation permit - Modification or revocation. (a) The commissioner may,
for cause, modify a solicitation permit theretofore issued or may, after a hearing, revoke
any solicitation permit for violation of any provision of this title, or of the terms of the
permit, or of any proper order of the commissioner or for misrepresentation in the offering
or sale of securities or policies under the permit. (b) The commissioner shall revoke the
solicitation permit if requested in writing by a majority of the syndicate members, or by
a majority of the incorporators and two-thirds of the subscribers to stock or applicants for
insurance in the proposed incorporated insurer or corporation or if he is so requested by
a majority of the subscribers of a proposed reciprocal insurer. (Acts 1971, No. 407, p. 707,
ยง505.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-9.htm - 1K - Match Info - Similar pages
27-32-30
Section 27-32-30 Claims upon liquidation of insurer - Allowance. (a) No contingent and unliquidated
claim shall share in a distribution of the assets of an insurer which has been adjudicated
to be insolvent by an order made pursuant to this chapter; except, that such claim shall be
considered, if properly presented, and may be allowed to share where: (1) Such claim becomes
absolute against the insurer on or before the last day for filing claims against the assets
of such insurer; or (2) There is a surplus and the liquidation is thereafter conducted upon
the basis that such insurer is solvent. (b) Where an insurer has been so adjudicated to be
insolvent, any person who has a cause of action against an insured of such insurer under a
liability insurance policy issued by such insurer shall have the right to file a claim in
the liquidation proceeding, regardless of the fact that such claim may be contingent, and
such claim may be allowed: (1) If it may be reasonably inferred from the proof...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-32-30.htm - 2K - Match Info - Similar pages
27-42-10
Section 27-42-10 Duties and powers of the commissioner; judicial review. (a) The commissioner
shall: (1) Notify the association of the existence of an insolvent insurer not later than
three days after he receives notice of determination of the insolvency. The association shall
be entitled to a copy of any complaint seeking an order of liquidation with a finding of insolvency
against a member company at the time that such complaint is filed with a court of competent
jurisdiction. (2) Upon request of the board of directors, provide the association with a statement
of the net direct written premiums of each member insurer. (b) The commissioner may: (1) Require
that the association notify the insureds of the insolvent insurer and any other interested
parties of the determination of insolvency and of their rights under this chapter. Such notification
shall be by mail at their last known address, where available, but if sufficient information
for notification by mail is not available, notice...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-42-10.htm - 2K - Match Info - Similar pages
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
27-6-13
Section 27-6-13 Sale of surety insurers' special deposit to pay outstanding judgment. (a) If
any surety insurer which has made the deposit provided for in Section 27-3-12 fails or refuses
to pay any final judgment entered against it upon any bond or undertaking from which no appeal
and supersedeas has been taken for 30 days after the entry of such judgment, the clerk or
register of the court in which such judgment was entered shall certify a copy thereof to the
commissioner, together with the fact that it remains unpaid, and the commissioner shall sell
as many of the securities or other assets deposited by such insurer as may be necessary to
pay such judgment, and the interest and costs thereon, and to pay to the clerk or register
of the court, from the proceeds of the sale, the amount of the judgment, with interest and
costs. The commissioner shall sell such securities or other assets at private or public sale,
with or without notice, or so many as may be necessary for the best price...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-6-13.htm - 1K - Match Info - Similar pages
41-10-626
Section 41-10-626 Bonds of the authority. (a) General. The authority is authorized from time
to time to sell and issue its bonds in limited amounts and for the purpose of promoting economic
development and industrial recruitment as specified by the Legislature from time to time by
separate act, provided that refunding bonds may be issued by the authority pursuant to Section
41-10-627 without first obtaining separate authorization from the Legislature. (b) Sources
of payment. Bonds issued by the authority shall be solely and exclusively an obligation of
the authority and shall not create an obligation or debt of the state. Such bonds shall not
be general obligations of the authority but shall be payable solely from one or more of the
following sources: (1) Appropriated funds. (2) The income or proceeds realized by the authority
under any mortgage or security granted to the authority. (3) Amounts derived from any letter
of credit, insurance policy, or other form of credit enhancement...
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