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27-32-39
Section 27-32-39 Priority of claims of policyholders and beneficiaries - Reinsuring of policies.
(a) When, upon hearing, the circuit court having jurisdiction of a receivership shall determine
it to be in the best interest of the policyholders and the public, the court may order and
direct the receiver to reinsure the policies of the insurer with a solvent insurer to the
extent of the assets available in the receivership. The circuit court is hereby empowered
to place a lien or moratorium against policy benefits and values as necessary to reinsure
all policyholders as fully as possible to the extent of assets available and to order the
receiver to transfer such assets as determined adequate, necessary, or available to reinsure
policies of the insolvent insurer with a solvent insurer, to the exclusion of general creditors
should no assets remain thereafter. (b) Except as provided in subsection (c), reinsurance
shall be payable under a contract reinsured by the assuming insurer on the...
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27-44-3
Section 27-44-3 Scope of chapter. (a) This chapter shall provide coverage for the policies
and contracts specified in subsection (b) as follows: (1) To persons who, regardless of where
they reside (except for non-resident certificate holders under group policies or contracts),
are the beneficiaries, assignees, or payees of the persons covered under subdivision (2).
(2) To persons who are owners of or certificate holders under the policies or contracts, other
than structured settlement annuities, and in each case who are either of the following: a.
Residents b. Not residents, but only under all of the following conditions: 1. The insurer
that issued the policies or contracts is domiciled in this state. 2. The states in which the
persons reside have associations similar to the association created by this chapter. 3. The
persons are not eligible for coverage by an association in any other state due to the fact
the insurer was not licensed in the state at the time specified in the state's...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-44-3.htm - 12K - Match Info - Similar pages
41-9-74
Section 41-9-74 Board to pay judgments against Board of Corrections officials; limitations,
exceptions, etc. (a) As part of the consideration of the employment or appointment of the
Commissioner of the Board of Corrections, deputy commissioners of the Board of Corrections,
members of the Board of Corrections and other officers, employees and agents of the Board
of Corrections, whether part-time or full-time, the Board of Adjustment shall pay all final
judgments awarded in courts of competent jurisdiction against the aforesaid commissioner,
deputy commissioners, members of the Board of Corrections, officers, employees and agents,
for acts arising out of and performed in connection with their official duties in behalf of
the State of Alabama, except to the extent that such coverage may be provided by an insurance
carrier. (b) Payment shall be limited to a maximum of $100,000.00 for all claims arising out
of the same act. (c) No part of this section shall be admissible evidence in any...
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28-3A-23
Section 28-3A-23 Regulation of grant of licenses. (a) No license prescribed in this code shall
be issued or renewed until the provisions of this code have been complied with and the filing
and license fees other than those levied by a municipality are paid to the board. (b) Licenses
shall be granted and issued by the board only to reputable individuals, to associations whose
members are reputable individuals, or to reputable corporations organized under the laws of
the State of Alabama or duly qualified thereunder to do business in Alabama, or, in the case
of manufacturers, duly registered under the laws of Alabama, and then only when it appears
that all officers and directors of the corporation are reputable individuals. (c) Every license
issued under this code shall be constantly and conspicuously displayed on the licensed premises.
(d) Each retail liquor license application must be approved by the governing authority of
the municipality if the retailer is located in a municipality,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/28-3A-23.htm - 8K - Match Info - Similar pages
32-7C-4
Section 32-7C-4 Coverage exclusions; disclosures. (a) Insurers that write automobile insurance
in this state may exclude any and all coverage afforded under the policy issued to an owner
or operator of a personal vehicle for any loss or injury that occurs while a TNC driver is
logged on to the digital network of a TNC or while a TNC driver provides a prearranged ride.
(b) The right to exclude all coverage may apply to any coverage included in an automobile
insurance policy, including, but not limited to, any of the following: (1) Liability coverage
for bodily injury and property damage. (2) Personal injury protection coverage as defined
by state law. (3) Uninsured and underinsured motorist coverage. (4) Medical payments coverage.
(5) Comprehensive physical damage coverage. (6) Collision physical damage coverage. (c) The
exclusions under this section shall apply notwithstanding any requirements under the Motor
Vehicle Safety-Responsibility Act, Chapter 7 of this title. (d) Nothing in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7C-4.htm - 5K - Match Info - Similar pages
27-15-53
Section 27-15-53 Requirements for death master file comparisons. (a) An insurer shall perform
a comparison of its insureds' in-force life insurance policies, annuity contracts, and retained
asset accounts against a death master file, to identify potential death master file matches
of its insureds. Such comparison shall be completed by January 1, 2019. Thereafter, an insurer
shall maintain a program designed to compare each such policy, contract, or account with a
death master file no less frequently than every three years, it being the intent that insurers
fashion a program that best fits their business systems while at the same time protecting
consumers by assuring reasonable checks are being performed to identify unreported deaths.
For those potential death master file matches identified as a result of a death master file
comparison, the insurer shall do all of the following: (1) Within 90 days of a death master
file match: a. Complete a commercially reasonable effort, which shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-53.htm - 5K - Match Info - Similar pages
27-11-6
Section 27-11-6 Validity of acts or contracts of unauthorized insurer; actions against or by
same. The failure of an insurer to obtain a license or certificate of authority shall not
impair the validity of any act or contract of such insurer and shall not prevent such insurer,
its assigns or successors in interest, from defending any action in any court of this state;
but no insurer transacting insurance business in this state without a license or certificate
of authority shall be permitted to maintain an action in any court of this state to enforce
any right, claim, or demand arising out of the transaction of such business until such company,
its assigns or successors in interest shall have: (1) Obtained a license or certificate of
authority; or (2) Deposited with the clerk of the court in which such action or proceeding
is pending cash or securities or file with such clerk a bond with good and sufficient sureties,
to be approved by the court, in an amount to be fixed by the court...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-11-6.htm - 2K - Match Info - Similar pages
35-11-233
Section 35-11-233 Assignment of lien; transfer of lien on real property to other security.
(a) Any claim for which a lien is provided in this division may be assigned; and the assignee
shall thereby be invested with all the rights of the original holder of the lien, and be entitled
to all his remedies to enforce them. The assignee shall have the right to consolidate all
such claims in one statement to be filed as herein provided; and the length of time for the
filing of said claim shall be measured by the greatest length of time for the filing of any
class of claims held by the assignee. (b) Any lien claimed on real property under this division
may be transferred by any person having an interest in the real property upon which the lien
is imposed or the contract under which the lien is claimed, from such real property to other
security by first filing with the court in which the action is brought, a copy of the lien
which has been duly filed and recorded as required by law, and by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-11-233.htm - 4K - Match Info - Similar pages
9-17-106
Section 9-17-106 Permit fees; reports and payment of fees by certain end users, suppliers,
permit holders; invoice cost; exemption from Section 40-12-84. (a) Fees for Permit A and Permit
B. Every applicant for a Permit A or a Permit B, at the time of issuance, shall pay to the
board a fee of three hundred dollars ($300) and annually thereafter pay to the board a fee
of two hundred dollars ($200). Permits and fees shall be due on October 1 and delinquent after
October 31 of each year. Every person required to renew permits and pay fees who fails to
do so by the delinquent date shall incur a penalty of ten dollars ($10) for each day he or
she is delinquent in complying with this section, and the penalty shall be paid to the board
before the issuance of the permit. Delinquency shall be determined by the United States Postal
Service postmark when the date on the postmark falls on a later date than the delinquent date.
(b) Fees for Permit B-1. Every applicant at the time of issuance, shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-17-106.htm - 9K - Match Info - Similar pages
2-22-9
Section 2-22-9 Inspection fee; monthly statement; collection fee; disposition of fees; overpayments;
examination, review, audit of sales records. (a) There shall be paid to the commissioner for
all commercial fertilizer sold in this state for use therein or sold for importation into
this state for use therein an inspection fee established by the board not to exceed seventy-five
cents ($.75) per ton; provided, that sales to manufacturers or exchanges between them are
hereby exempted. Fees so collected, including permit fees and license fees levied under Sections
2-22-4 and 2-22-5, shall be deposited to the credit of the Agricultural Fund of the State
Treasury for the regulatory duties of the Department of Agriculture and Industries. (b) Every
person who sells commercial fertilizer in or for importation into this state for use therein,
who is licensed under Section 2-22-5 or where such person is required to procure such a license
shall file with the commissioner on forms furnished by the...
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