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11-47-251
Section 11-47-251 Powers of coastal municipalities. (a) Any coastal municipality may do any
of the following: (1) Plan, establish, develop, construct, enlarge, improve, maintain, regulate,
and protect beach projects, including, without limitation, joint beach projects with one or
more other coastal municipalities. (2) Finance the cost of beach projects in whole or in part
by the issuance of bonds, warrants, notes, or other evidence of indebtedness. (3) Pledge to
the payment thereof its full faith and credit and any taxes, licenses, or revenues which the
coastal municipality may then be authorized to pledge to the payment of bonded or other indebtedness.
(4) Make and enforce rules and regulations governing the use of and activities upon the areas
included within any beach project established by the coastal municipality with the concurrence
of the Commissioner of the Department of Conservation and Natural Resources, acting through
the Lands Division of the department. (5) Acquire or...
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27-21-2
Section 27-21-2 Offering of insurance. Any insurer authorized and licensed to engage in the
business of health insurance in this state may join with one or more other such insurers to
offer to any resident of this state, who meets the qualifications established by the commissioner,
insurance against major financial loss from accident or disease. Such insurance may be offered
by such insurers in their own names or in the name of a voluntary unincorporated association
or other organization formed by such insurers solely for the purpose of this plan. The forms
of applications, certifications, and policies of such insurance, the applicable premium rates,
annual statement, and all other information required by the department under Alabama law for
organizations in the business of health insurance shall be filed with the commissioner for
his approval. Any other information which the commissioner deems necessary for the efficient
operation of the plan may also be required. (Acts 1971, No. 501,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-21-2.htm - 1K - Match Info - Similar pages
27-40-1
Section 27-40-1 Definitions. For the purposes of this chapter, the following words and phrases
shall have the following meanings: (1) INSURANCE PREMIUM FINANCE COMPANY. A person engaged
in the business of entering into premium finance agreements. (2) PREMIUM FINANCE AGREEMENT.
An agreement by which an insured or prospective insured promises to pay to a premium finance
company the amount advanced or to be advanced under the agreement to an insurer or to an insurance
agent or broker in payment of premiums on an insurance contract together with a service charge,
as authorized and limited by this chapter, and charges for wind mitigation construction financing,
as approved by the commissioner. (3) LICENSEE. A premium finance company holding a license
issued under this chapter. (4) PERSON. An individual, partnership, association, business corporation,
nonprofit corporation, common law trust, joint-stock company, or any other group of individuals
however organized. (5) INSURANCE CONTRACT. The...
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27-45-7
Section 27-45-7 Nonconforming policies and plans not to be approved for sale. The Commissioner
of Insurance shall not approve for sale in this state any health insurance policy or employee
benefit plan providing for pharmaceutical services, including without limitation, prescription
drugs, which does not conform to the provisions of this article or to the provisions of Sections
27-14-8 and 27-14-9. (Acts 1988, No. 88-379, p. 565, §7.)...
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27-6B-2
Section 27-6B-2 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ACCREDITED STATE.
A state in which the Department of Insurance meets the minimum financial qualifications and
regulatory standards promulgated and established, from time to time, by the National Association
of Insurance Commissioners. (2) COMMISSIONER. The Commissioner of Insurance. (3) CONTROL or
CONTROLLED. The same as defined in Section 27-29-1. (4) CONTROLLED INSURER. A licensed insurer
who is controlled, directly or indirectly, by a producer. (5) CONTROLLING PRODUCER. A producer
who, directly or indirectly, controls an insurer. (6) LICENSED INSURER or INSURER. Any person,
firm, association, or corporation duly licensed to transact a property and casualty insurance
business in this state. For the purposes of this chapter, the following are not licensed insurers:
a. A residual market pool and a joint...
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27-9A-2
Section 27-9A-2 Definitions. For purposes of this chapter, the following terms shall have the
meanings respectively ascribed to them by this section: (1) APPRENTICE INDEPENDENT ADJUSTER.
As defined in Section 27-9A-11. (2) BUSINESS ENTITY. A corporation, association, partnership,
limited liability company, limited liability partnership, or other legal entity. (3) COMMISSIONER.
The Alabama Commissioner of Insurance. (4) HOME STATE. The District of Columbia and any state
or territory of the United States in which an independent adjuster maintains the principal
place of residence or business of the adjuster and in which the adjuster is licensed to act
as a resident independent adjuster. In the case of a resident of a Canadian province, or if
the resident state or territory does not license independent adjusters for the line of authority
sought, the home state of the independent adjuster shall be any state in which the independent
adjuster is licensed and in good standing, as designated by...
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10A-20-6.07
Section 10A-20-6.07 Certificates of authority; contracts with public. Every corporation organized
under this article shall procure from the Commissioner of Insurance a certificate of authority
to do business, for which the corporation shall pay the sum of two hundred dollars ($200),
and the certificates of authority shall be renewed thereafter on or before the first day of
March of each year. The corporation may then enter into contracts with the public, subject
to the restrictions contained in this article, for benefits under its health service plan.
It shall be the duty of the corporation to enter into contracts with and issue certificates
to those of the public who may desire to avail themselves of the benefits of the health service
plan and who, under its rules and regulations, make application and are eligible therefor.
The contracts may provide for more than one class of services or benefits, may designate the
person or persons, or the class of persons, entitled thereto, may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-6.07.htm - 1K - Match Info - Similar pages
27-3-31
Section 27-3-31 Domestic insurer may transfer domicile to another state and be admitted as
foreign insurer if so qualified; approval of Commissioner of Insurance; effect of interests
of policyholders. Any domestic insurer may, upon the approval of the Commissioner of Insurance,
transfer its domicile to any other state in which it is admitted to transact the business
of insurance, and upon such a transfer shall cease to be a domestic insurer, and shall be
admitted to this state if qualified as a foreign insurer. The Commissioner of Insurance shall
approve any such proposed transfer unless he shall determine such transfer is not in the interest
of the policyholders of this state. (Acts 1991, No. 91-446, p. 816, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-3-31.htm - 1K - Match Info - Similar pages
27-31A-8
Section 27-31A-8 Notice and registration requirements of purchasing groups. (a) A purchasing
group which intends to do business in this state shall, prior to doing business, furnish notice
to the commissioner which shall include all of the following: (1) Identify the state in which
the group is domiciled. (2) Identify all other states in which the group intends to do business.
(3) Specify the lines and classifications of liability insurance which the purchasing group
intends to purchase. (4) Identify the insurance company or companies from which the group
intends to purchase its insurance and the domicile of any company. (5) Specify the method
by which, and the person or persons, if any, through whom insurance will be offered to its
members whose risks are resident or located in this state. (6) Identify the principal place
of business of the group. (7) Provide other information as may be required by the commissioner
to verify that the purchasing group is qualified under subdivision...
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27-36A-13
Section 27-36A-13 Reserve calculation - Indeterminate premium plans. In the case of any plan
of life insurance which provides for future premium determination, the amounts of which are
to be determined by the company based on then estimates of future experience, or in the case
of any plan of life insurance or annuity which is of a nature that the minimum reserves cannot
be determined by the methods described in Sections 27-36A-8, 27-36A-9, and 27-36A-12, the
reserves which are held under any plan shall comply with both of the following: (1) Be appropriate
in relation to the benefits and the pattern of premiums for that plan. (2) Be computed by
a method which is consistent with the principles of this standard valuation law, as determined
by regulations promulgated by the commissioner. (Act 2016-411, §2.)...
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