27-27-51
Section 27-27-51 Rules and regulations as to securities of domestic stock insurers. The commissioner
shall have the power, and it shall be his duty, to prescribe, publish, and disseminate to
all domestic stock insurance companies uniform written rules and regulations of proxies, consents,
and authorizations, including the solicitation thereof, and information necessary, or appropriate
to, such solicitation or to the authorization sought thereby, in respect of securities issued
by such domestic stock insurance companies; and it shall be unlawful for any person to solicit
or to permit the use of his name to solicit any proxy, consent or authorization in respect
of any such securities in contravention of such rules and regulations as may be prescribed,
published, and disseminated pursuant to this section. (Acts 1971, No. 407, p. 707, §547.)...

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40-9-19
Section 40-9-19 Homesteads. (a)(1) Homesteads, as defined by the Constitution and laws of Alabama,
are exempt from all state ad valorem taxes. In no case shall the exemption apply to more than
one person or head of the family, nor shall the exemption exceed $4,000 in assessed value
or 160 acres in area for any resident of this state who is not over 65 years of age. (2) The
homesteads of residents of this state, over 65 years of age, or who are retired due to permanent
and total disability, regardless of age, or who are blind as defined in Section 1-1-3, regardless
of age or whether such person is retired, shall be exempt from all state ad valorem taxes.
(3) The state Commissioner of Revenue may define and specify the condition or state of health
that makes a person "permanently and totally disabled" and may issue certificates
of disability to the person as he or she may find meets such specifications. Any person who
is drawing any pension or annuity from the armed services or a company...
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27-17A-11
Section 27-17A-11 Application for certificate; statements; issuance; expiration; transfer.
(a) An application to the commissioner for a certificate of authority shall be accompanied
by the statement and other matters described in this section in the form prescribed by the
commissioner. Annually thereafter, within six months after the end of its fiscal period, or
within an extension of time therefor, as the commissioner for good cause may grant, the person
authorized to engage in the sale of preneed contracts shall file with the commissioner a full
and true statement of his or her financial condition, transactions, and affairs, prepared
on a basis as adopted by a rule of the commissioner, as of the preceding fiscal period or
at such other time or times as the commissioner may provide by rule, together with information
and data which may be required by the commissioner. (b) The statement shall include all of
the following: (1) The types of preneed contracts proposed to be written and the...
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27-17A-12
Section 27-17A-12 Preneed contract forms; disclosure; approval. (a) Preneed contract forms
and related forms shall be filed with and approved by the commissioner. (b) Specific disclosure
regarding whether, consistent with the requirements of this chapter, the certificate holder
is placing certain preneed funds received with the contract in trust, in an annuity, or in
insurance, is required in the preneed contract. (c) Preneed contracts which have been submitted
to the commissioner shall be deemed to have been approved by the commissioner in the event
that the commissioner fails to notify the certificate holder that approval has been denied
within 30 days following submission to the commissioner. (Act 2002-74, p. 221, §1; Act 2014-216,
p. 653, §3.)...
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27-19-51
Section 27-19-51 Purpose of article. The purpose of this article is to establish certain definitions,
policy provisions, anticipated loss ratio standards, and disclosure requirements applicable
to group and individual Medicare supplement disability policies and to authorize the implementation
of these requirements through regulations promulgated by the Commissioner of Insurance consistent
with the uniform standards developed by the National Association of Insurance Commissioners
to meet the standards enacted in Public Law 96-265 (Laws 1980). (Acts 1981, No. 81-560, p.
940, §2.)...
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27-2-14
Section 27-2-14 Records, documents, and files - Custody; inspection; reproduction; destruction.
(a) The commissioner shall keep and preserve in permanent form accurate and complete records
of his proceedings, including also a concise statement of the result of such examination of
insurers by the commissioner, record and file all bonds and contracts and shall file such
records in the department. The commissioner is responsible for the custody and preservation
of all records, documents, and files of the department. (b) The records of the commissioner
and insurance filings in his office shall be open to public inspection, except as otherwise
provided by this title. (c) The commissioner may photograph, microphotograph, or reproduce
on film, whereby each page will be reproduced in exact conformity with the original, all financial
records, financial statements of domestic insurers, reports of business transacted in this
state by foreign insurers, reports of examination of domestic insurers,...
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27-25-4.3
Section 27-25-4.3 Prelicensing course and examination. (a)(1) Every individual subject to the
examination required in subsection (b) shall first complete a prelicensing course consisting
of 20 classroom hours or equivalent individual instruction on the general principles of title
insurance, the duties and responsibilities of a title insurance agent, and the title insurance
laws and regulations of this state. The course shall be taught only by those educational institutions,
title insurers, or title insurance trade organizations which hold written authority from the
commissioner. (2) The prelicensing course must have been completed within 12 months before
the date of the examination as shown on the certificate furnished by the prelicensing course
provider. (3) Every prelicensing course provider shall apply annually for the continued authority
to issue certificates of completion under rules and regulations to be prescribed by the commissioner.
(4) At the time of initial approval and...
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32-7-31
Section 32-7-31 Duration of proof; when proof may be cancelled or returned. (a) The director
shall upon request consent to the immediate cancellation of any bond or certificate of insurance,
or the director shall direct and the State Treasurer shall return to the person entitled thereto
any money or securities deposited pursuant to this chapter as proof of financial responsibility,
or the director shall waive the requirement of filing proof, in any of the following events:
(1) At any time after three years from the date such proof was required when, during the three-year
period preceding the request, the director has not received record of a conviction or a forfeiture
of bail which would require or permit the suspension or revocation of the license, registration,
or nonresident's operating privilege of the person by or for whom such proof was furnished;
or (2) In the event of the death of the person on whose behalf such proof was filed or the
permanent incapacity of such person to...
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27-14-3
Section 27-14-3 Insurable interest - Personal insurance; preneed contracts. (a) Insurable interest
with reference to personal insurance is an interest based upon a reasonable expectation of
pecuniary advantage through the continued life, health, or bodily safety of another person
and consequent loss by reason of his or her death or disability or a substantial interest
engendered by love and affection in the case of individuals closely related by blood or by
law. (b) An individual has an unlimited insurable interest in his or her own life, health,
and bodily safety and may lawfully take out a policy of insurance on his or her own life,
health, or bodily safety and have the same made payable to whomsoever he or she pleases, regardless
of whether the beneficiary so designated has an insurable interest. (c) A corporation, foreign
or domestic, has an insurable interest in the life or physical or mental ability of any of
its directors, officers, or employees, or the directors, officers, or...
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27-17A-11.1
Section 27-17A-11.1 Report of preneed contract activity; written logs. (a) On a semi-annual
basis, within 45 days after the end of each second calendar reporting period, the certificate
holder shall file a report of its preneed contract activity on a form or in a format prescribed
by the commissioner. The information reported shall include the total number of preneed contracts
in force at the end of the previous reporting period, the total number of preneed contracts
sold during the reporting period, the total number of preneed contracts fulfilled during the
reporting period, the total number of preneed contracts in force at the end of the reporting
period, and such other information as may be required by the commissioner. The report shall
be organized by type of funding including, life insurance, trust, letter of credit, or surety
bond. The report shall also provide a certification by the trustee of the amount of assets
held by the trust at the beginning of the reporting period and at...
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