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27-8A-4
Section 27-8A-4 Advisory committee generally. The commissioner shall appoint an advisory committee
to advise him or her on continuing education and other insurance matters to consist of the
following members: One representative of a statewide association of life and health insurance
producers, one representative of a statewide association of property and casualty insurance
producers, one representative of an association of Alabama-based life insurance companies,
one representative of a property and casualty insurance company, one representative of a statewide
association representing health insurance producers, one member of the Alabama Senate, and
one member of the Alabama House of Representatives. Members of this committee shall be appointed
for terms concurrent with the term of office of the Governor of the State of Alabama and shall
be entitled to a per diem allowance equal to the per diem allowance paid to state employees
in the amount current at the time of the meeting. (Acts...
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2-19-135
Section 2-19-135 Failure to pay assessments. (a) A cotton grower who fails to pay, when due
and upon reasonable notice, any assessment levied under this article, shall be subject to
a per acre penalty as established in the board's regulations, in addition to the assessment.
(b) A cotton grower who fails to pay all assessments, including penalties, within 30 days
of notice of penalty, shall destroy any cotton plants growing on his acreage which is subject
to the assessment. Any such cotton plants which are not destroyed shall be deemed to be a
public nuisance, and said public nuisance may be abated in the same manner as any public nuisance.
The commissioner, with approval of the Attorney General, and upon the relation of the Attorney
General, may apply to the circuit court of the judicial circuit in which the public nuisance
is located to have said nuisance condemned and destroyed with all costs of destroying to be
taxed against the grower. This injunctive relief shall be available to...
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27-29-4
Section 27-29-4 Registration of insurers. (a)(1) Every insurer which is authorized to do business
in this state and which is a member of an insurance holding company system shall register
with the commissioner, except a foreign insurer subject to registration requirements and standards
adopted by statute or regulation in the jurisdiction of its domicile which are substantially
similar to those contained in this section and both of the following: a. Subdivision (1) of
subsection (a) of Section 27-29-5, and subsections (b) and (d) of Section 27-29-5. b. Either
subdivision (2) of subsection (a) of Section 27-29-5 or a provision such as the following:
Each registered insurer shall keep current the information required to be disclosed in its
registration statement by reporting all material changes or additions within 15 days after
the end of the month in which it learns of each change or addition. (2) Any insurer which
is subject to registration under this section shall register within 15...
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27-2A-2
Section 27-2A-2 Report of material acquisitions and dispositions; confidential treatment. (a)
Every insurer domiciled in this state shall file a report with the commissioner disclosing
material acquisitions and dispositions of assets or material nonrenewals, cancellations, or
revisions of ceded reinsurance agreements unless the acquisitions and dispositions of assets
or material nonrenewals, cancellations, or revisions of ceded reinsurance agreements have
been submitted to the commissioner for review, approval, or information purposes pursuant
to other provisions of the insurance code, laws, regulations, or other requirements. (b) The
report required in subsection (a) is due within 15 days after the end of the calendar month
in which any of the transactions in subsection (a) occur. (c) One complete copy of the report,
including any exhibits or other attachments, shall be filed with the following: (1) The insurance
department of the insurers state of domicile. (2) The National...
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27-7-30
Section 27-7-30 Appointment of producer - Generally. (a) Each insurer appointing a producer
in this state shall file with the commissioner, in a format approved by the commissioner,
a notice of appointment within 15 days from the date the agency contract is executed or the
first insurance application is submitted, whichever occurs first. An insurer may also elect
to appoint a producer to all or some insurers within the insurer's holding company system
or group by the filing of a single appointment request. (b) Upon receipt of the notice of
appointment, the commissioner shall verify within 30 days that the insurance producer is eligible
for appointment. If the insurance producer is determined to be ineligible for appointment,
the commissioner shall notify the insurer within five days of the commissioner's determination.
(c) An insurer shall pay an appointment fee as set forth in Section 27-4-2 for each insurance
producer appointed by the insurer. (d) An insurer shall remit, in a manner...
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32-7A-10
Section 32-7A-10 Online insurance verification system - Failure to allow access. (a) If any
insurance company shall fail to consistently allow access through an online insurance verification
system to verify coverage of motor vehicle liability insurance coverage, the department shall
notify the Insurance Commissioner of any and all violations by an insurer of Sections 32-7A-9
and 32-7B-5. (b) The department shall prescribe the form and manner of transmission for the
purposes of notifying the Insurance Commissioner under subsection (a). (c) The Insurance Commissioner
may impose a fine of up to five thousand dollars ($5,000) per violation following a hearing,
if, after receiving a notice of a potential violation of any material provision of Section
32-7A-9 or 32-7B-5 from the Insurance Commissioner, it is found that an insurer willfully
violated a section listed in the notice. (Act 2000-554, p. 1005, §1; Act 2011-688, p. 2076,
§3.)...
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22-27-64
Section 22-27-64 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2019 REGULAR SESSION,
EFFECTIVE SEPTEMBER 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) If a lender fails
to provide notice as required by Section 27-22-61 or Section 27-22-62, interest begins to
accrue on the date the lender received the insurance proceeds. (b) If a lender fails to release
insurance proceeds as required by Section 27-22-62, interest begins to accrue on the date
the lender receives sufficient evidence of the insured's compliance with the requirements
specified by the lender under Section 27-22-61 or Section 27-22-62 for release of the proceeds.
(c) Interest stops accruing on the date the lender complies with Section 27-22-61 or Section
27-22-62, as applicable. (Act 2019-460, §5.)...
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27-31B-6
Section 27-31B-6 Minimum capital and surplus. (a) No captive insurance company shall be issued
a license unless it shall possess and thereafter maintain unimpaired paid-in capital and surplus
as follows: (1) In the case of a pure captive insurance company, not less than two hundred
fifty thousand dollars ($250,000) or such other amount determined by the commissioner and
actuarially supported by a feasibility study. (2) In the case of an association captive insurance
company or risk retention group, not less than five hundred thousand dollars ($500,000) or
such other amount determined by the commissioner and actuarially supported by a feasibility
study. (3) In the case of an industrial insured captive insurance company, not less than five
hundred thousand dollars ($500,000). (4) In the case of a protected cell captive insurance
company, not less than two hundred fifty thousand dollars ($250,000) or such other amount
determined by the commissioner and actuarially supported by a...
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27-31C-3
Section 27-31C-3 License to provide homeowners insurance; exemptions; powers and duties. (a)
An Alabama Coastal Captive Insurance Company, if permitted by its articles of incorporation
or organization, operating agreements, or charter, may apply to the commissioner for a license
to write homeowners insurance coverage as limited in Section 27-31B-3(a)(4) and as defined
and limited in the standard real property and contents insurance forms as approved by the
commissioner. (b) An Alabama Coastal Captive Insurance Company that qualified as an association
captive under the provisions of Section 27-31B-8 is exempt from the requirement that the association
be in existence for one year so long as the association is in good standing as an entity before
becoming an owner of an Alabama Coastal Captive Insurance Company. (c) An Alabama Coastal
Captive Insurance Company may write homeowners insurance coverage as limited in Section 27-31B-3(a)(4)
and as limited to perils described in subsection (a)...
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27-32-35
Section 27-32-35 Assessments - Order to pay - Publication and service. The commissioner shall
cause a notice of such assessment order, setting forth a brief summary of the contents of
such order to be: (1) Published in such manner as shall be directed by the court; and (2)
Enclosed in a sealed envelope, addressed and mailed postage prepaid to each member or subscriber
liable thereunder at his last known address as it appears on the records of the insurer, at
least 20 days before the return of the order, to show cause provided for in Section 27-32-34.
(Acts 1971, No. 407, p. 707, §654.)...
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