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27-2B-9
Section 27-2B-9 Confidentiality of reports and plans; information sharing agreements; publication
of RBC levels prohibited; use of reports and plans by commissioner. (a) All RBC reports, to
the extent the information therein is not required to be set forth in a publicly available
annual statement schedule, and RBC plans, including the results or report of any examination
or analysis of an insurer performed pursuant hereto and any corrective order issued by the
commissioner pursuant to examination or analysis, with respect to any domestic insurer or
foreign insurer which are filed with the commissioner constitute information that may be damaging
to the insurer if made available to its competitors and therefore shall be kept confidential
by the commissioner. This information shall not be made public or be subject to subpoena,
other than by the commissioner, and then only for the purpose of enforcement actions taken
by the commissioner pursuant to this chapter or any other provision of...
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27-3-21
Section 27-3-21 Suspension or revocation of certificates - Additional grounds; notice and hearing.
(a) The commissioner may, in his discretion, suspend or revoke an insurer's certificate of
authority if, after a hearing thereon, he finds that the insurer has willfully violated any
material provision of this title other than those for which suspension or revocation is mandatory
or has failed to pay applicable taxes with respect to a preceding calendar year as required
by this title. (b) The commissioner shall, after a hearing thereon, suspend or revoke an insurer's
certificate of authority if he finds that the insurer: (1) Is in unsound condition, or is
in such condition or is using such methods and practices in the conduct of its business as
to render its further transaction of insurance in this state hazardous to its policyholders
or to the public; (2) Has refused to be examined or to produce its accounts, records, and
files for examination or if any of its officers or agents have...
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27-44-12
Section 27-44-12 Duties of commissioner and board with regard to detection and prevention of
insolvencies or impairment. To aid in the detection and prevention of insurer insolvencies
or impairment: (1) It shall be the duty of the commissioner: a. To notify the commissioners
of those states, territories of the United States and the District of Columbia where such
member company is licensed when he takes any of the following actions against a member insurer:
1. Revocation of license; 2. Suspension of license; 3. Makes any formal order that such company
restrict its premium writing or obtain additional contributions to capital or surplus. Such
notice shall be mailed to all commissioners within 30 days following the action taken or the
date on which such action occurs. b. To report to the board of directors when he has taken
any of the actions set forth in paragraph a. of this subdivision or has received a report
from any other commissioner indicating that any such action has been taken...
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27-7-5.3
Section 27-7-5.3 Licenses - Limited license for self-service storage facility. (a) As used
in this section, the following terms shall have the following meanings: (1) LIMITED LICENSEE.
A person or entity authorized to sell certain coverages for personal property maintained
in self-service storage facilities pursuant to this section. (2) OCCUPANT. A person, his or
her sublessee, successor, or assign entitled to the use of the storage space at a self-service
storage facility under a rental agreement, to the exclusion of others. (3) OWNER. The owner,
operator, lessor, or sublessor of a self-service storage facility, his or her agent, or any
other person authorized by him or her to manage the self-service storage facility or to receive
rent from an occupant under a rental agreement. (4) PERSONAL PROPERTY. Any movable
property not affixed to land including, but not limited to, goods, wares, merchandise, motor
vehicles, watercraft, and household items and furnishings. (5) RENTAL AGREEMENT....
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32-7B-2
Section 32-7B-2 Definitions. 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) ADVISORY COUNCIL. A group of
13 voting members consisting of: Two representatives of the Department of Revenue, a representative
of the Department of Public Safety, and a representative of the Department of Insurance as
well as three insurance company representatives appointed by the Commissioner of Insurance,
a representative of the American Insurance Association, a representative of the National Association
of Mutual Insurance Companies, a representative of the Property and Casualty Insurers Association
of America, a representative of the Alabama Independent Agents Association, a representative
of the Alabama Probate Judges Association appointed by the president of the association, and
a representative of the Alabama Association of Tax...
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34-27-32
Section 34-27-32 Requirements for license; application; place of business; branch offices;
multiple brokers; fees. (a) A license for a broker or a salesperson shall be registered to
a specific real estate office and shall be issued only to, and held only by, a person who
meets all of the following requirements: (1) Is trustworthy and competent to transact the
business of a broker or salesperson in a manner that safeguards the interest of the public.
(2) Is a person whose application for real estate licensure has not been rejected in any state
on any grounds other than failure to pass a written examination within the two years prior
to the application for real estate licensure with Alabama. If the applicant's rejection for
real estate licensure in any state is more than two years from the date of application for
licensure with Alabama, then the applicant may not be issued an Alabama real estate license
without the approval of the commissioners. (3) Is a person whose real estate license...
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40-13-1
of the State of Alabama. (3) PERSON. Any individual, firm, partnership, corporation, association,
or any combination thereof. (4) PRODUCER. Any person engaging in the business of severing
coal from the soil within this state. (5) PURCHASER. Any person acquiring title, outright
or conditionally, to any interest in severed coal. (6) SEVER. Cutting, mining, stripping,
or otherwise taking or removing from the soil within Alabama. (7) SEAPORT FACILITY. Any improvements,
including any real or personal property, structure or equipment useful for any one
or more of the loading, unloading, storage, or other handling of coal, coke, or any other
materials or products of any kind that are useful in promoting, developing, and operating
seaports within this state and that are constructed with the proceeds from the bonds as defined
herein. (8) TON. A short ton of 2,000 pounds. (9) TRANSPORTER. Any person transporting coal
from the place where it is severed or from any other place to any other...
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40-9G-1
in January 2012 by the Alabama Economic Development Alliance, created by Executive Order Number
21 of the Governor on July 18, 2011, or any amended version or successor document thereto;
or (ii) A type listed in a regulation adopted by the Department of Commerce, other than a
regulation submitted as an emergency rule. Notwithstanding the foregoing, an approved activity
shall not predominantly concern farming activities involving trees, animals, or crops, nor
the retail sale of tangible personal property or services. This provision shall not
be deemed to exclude customer service centers, call centers or headquarters otherwise allowed
by this subdivision. (2) COMPANY. Anyone or anything which has the powers to own a project
and have employees. (3) NAICS CODE. Any sector, subsector, industry group, industry or national
industry of the 2012 North American Industry Classification System, or any similar classification
system developed in conjunction with the United States Department of...
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41-10-44.2
trades and businesses as the same may be hereafter reclassified in any subsequent publication
of the Standard Industrial Classification Manual. (4) JOB DEVELOPMENT FEE. The amount permitted
to be withheld by an approved company from the gross wages of the employees at a project pursuant
to the provisions of this article. (5) MAJOR PROJECT. Any project the capital cost of which
is expected to equal or exceed $100,000,000. (6) PROJECT. Any land, building or other improvement,
and all real and personal properties deemed necessary or useful in connection therewith,
whether or not now in existence, which shall be located in the state and shall be acquired,
constructed, expanded or installed for use by an approved company as an industrial or research
enterprise. (7) PROJECT COSTS. All costs and expenses incurred by the authority or an approved
company in connection with the acquisition, construction, installation and equipping of a
project, including, without limitation, each of the...
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5-3A-1
Section 5-3A-1 Required times; items to be examined; applicability to bank holding companies
and affiliates. (a) For purposes of this section, a bank holding company is a holding company
organized under the laws of Alabama or another state in the United States that directly owns
a majority of the voting securities of an Alabama state bank. (b) Every bank other than national
banks shall be subject to the supervision and inspection of the superintendent and the regulations
and supervision thereof. The superintendent shall, by competent examiner appointed by him
or her, visit and examine every bank organized under the laws of Alabama at least once in
each eighteen-month period. The examination of banks shall be at irregular intervals. On every
examination, inquiry shall be made as to the conditions and resources of the bank, the mode
of conducting and managing the affairs of the bank, the action of its directors, the investment
of the funds of the bank, the safety and prudence of the...
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