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27-42-6
Section 27-42-6 Association created; member insurers; accounts. There is created a nonprofit
unincorporated legal entity to be known as the Alabama Insurance Guaranty Association. All
insurers defined as member insurers in subdivision (6) of Section 27-42-5 shall be
and remain members of the association as a condition of their authority to transact insurance
in this state. The association shall perform its functions under a plan of operation established
and approved under Section 27-42-9 and shall exercise its powers through a board of
directors established under Section 27-42-7. For purposes of administration and assessment,
the association shall be divided into three separate accounts: (a) the workmen's compensation
insurance account; (b) the automobile insurance account; and (c) the account for all other
insurance to which this chapter applies. (Acts 1980, No. 80-806, p. 1639, §6.)...
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27-44-6
Section 27-44-6 Creation of association; membership; accounts; supervision. (a) There
is created a nonprofit unincorporated legal entity to be known as the Alabama Life and Disability
Insurance Guaranty Association. All member insurers shall be and remain members of the association
as a condition of their authority to transact insurance in this state. The association shall
perform its functions under the plan of operation established and approved under Section
27-44-10 and shall exercise its powers through a board of directors established under Section
27-44-7. For purposes of administration and assessment the association shall maintain three
accounts: (1) The disability insurance account; (2) The life insurance account; and (3) The
annuity account. (b) The association shall come under the immediate supervision of the commissioner
and shall be subject to the applicable provisions of the insurance laws of this state. (Acts
1982, No. 82-561, p. 922, §6.)...
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36-29-14
Section 36-29-14 Health insurance coverage under State Employees' Insurance Board; operation
of board. (a) Any agency of the state, or any governmental entity, body, or subdivision thereto,
any county, any municipality, any municipal foundation, any fire or water district, authority,
or cooperative, any regional planning and development commission established pursuant to Sections
11-85-50 through 11-85-73, that is not and was not for the 12 months immediately preceding
the date of application to participate in any plan created pursuant to the provisions of this
article a member of an existing government sponsored health insurance program, formed under
the provisions of Section 11-26-2, the Association of County Commissions of Alabama
or the Alabama League of Municipalities, the Alabama Retired State Employees' Association,
the Alabama State Employees Credit Union, Easter Seals Alabama, Alabama State University,
the Alabama Rural Water Association, Rainbow Omega, Incorporated, The Arc...
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15-23-16
Section 15-23-16 Alabama Crime Victims Compensation Fund; created; purposes; composition;
administered or managed by commission. (a) There is hereby established a special fund to be
known as the Alabama Crime Victims Compensation Fund. (b) The fund shall be placed under the
management or administration of the Alabama Crime Victims Compensation Commission for purposes
of providing compensation or other benefits to crime victims and for purposes of implementing
this article. (c) The fund shall consist of all moneys collected or received by the Alabama
Crime Victims Compensation Commission from any source. (d) The commission shall have control
of the funds not inconsistent with this article and with the laws of Alabama. (e) All moneys
of the commission shall be covered into the State Treasury or deposited in a special trust
account and may be withdrawn therefrom by vouchers or check signed by the chair of the commission
pursuant to authorization given by the commissioner. All investments...
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2-6-70
Section 2-6-70 Definitions. As used in this article, the following words shall have
the following meanings unless the context clearly requires otherwise: (1) AGRICULTURAL CENTER
BOARD. The board of that name established pursuant to Article 2 of this chapter. (2) AGRICULTURAL
FUND. The fund of that name created and administered pursuant to Article 1, Chapter 9, Title
2. (3) BOARD OF AGRICULTURE AND INDUSTRIES. The Alabama Board of Agriculture and Industries
created pursuant to Section 2-3-1. (4) BUILDING COMMISSION. The Building Commission
created under Article 6, Chapter 9, Title 41, and any successor agency thereto. (5) COLISEUM.
The existing Garrett Coliseum and the grounds and other buildings and structures associated
therewith, all owned by the Agricultural Center Board and located in the City of Montgomery,
Alabama. (6) CORPORATION. The public corporation authorized to be created by this article.
(7) ELIGIBLE INVESTMENTS. (i) Any time deposit with, or any certificate of deposit...
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27-31B-2
Section 27-31B-2 Definitions. As used in this chapter, the following terms shall have
the following meanings, unless the context clearly indicates otherwise: (1) AFFILIATED COMPANY.
Any company in the same corporate system as a parent, an industrial insured, or a member organization
by virtue of common ownership, control, operation, or management. (2) ALIEN CAPTIVE INSURANCE
COMPANY. Any insurance company formed to write insurance business for its parents and affiliates
and licensed pursuant to the laws of an alien jurisdiction which imposes statutory or regulatory
standards in a form acceptable to the commissioner on companies transacting the business of
insurance in that jurisdiction. (3) ASSOCIATION. Any legal association of individuals, corporations,
limited liability companies, partnerships, associations, or other entities whereby either
of the following exists: a. The member organizations of which, or the association itself,
whether or not in conjunction with some or all of the...
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41-14A-2
Section 41-14A-2 Definitions. As used in this chapter, the following words and terms
shall have the following meanings: (1) AVERAGE MONTHLY BALANCE OF PUBLIC DEPOSITS. The sum
of the average daily balances of public deposits, meaning the net average daily balances of
public deposits determined without any deduction for deposit insurance, for the reported month
and the 11 months preceding that month, divided by 12. (2) BOARD OF DIRECTORS or BOARD. The
Board of Directors of the SAFE Program established under Section 41-14A-6. The board
of directors shall consist of eight members. (3) COLLATERAL-PLEDGING LEVEL or COLLATERAL-PLEDGING
REQUIREMENT. The percentage or percentages of collateral, in relation to one or more levels
of public deposits held, required to be pledged by a qualified public depository as determined
in accordance with the provisions of this chapter or rules or orders of the board adopted
pursuant to this chapter. (4) COVERED PUBLIC ENTITY. The state and its political...
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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...
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11-65-36
Section 11-65-36 Application of net commission revenues. All commission horse wagering
fees, commission greyhound wagering fees, and other fees, commissions, and moneys, including
fines and forfeitures, to which a commission shall be entitled under the provisions of this
chapter shall be paid to the treasurer of such commission and shall be deposited by said treasurer
to the account of such commission. Except for the gross profits of any commission racing day
and the commission greyhound wagering fee referable to greyhound racing on such day that may
be set aside for specific public entities or charitable organizations pursuant to Section
11-65-30.1(c), all such moneys to which a commission shall be entitled that remain after (i)
the payment of all expenses incurred in the administration of this chapter, including (without
limitation thereto) the payment of the salaries and expenses of the members and employees
of such commission, and (ii) the deposit into the breeding fund of all...
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11-97-2
Section 11-97-2 Definitions. The following words and phrases used in this chapter, and
others evidently intended as the equivalent thereof, shall, in the absence of a clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of any county or
municipality in accordance with the provisions of Section 11-97-3 hereof. (2) AUTHORIZING
RESOLUTION. A resolution of ordinance adopted by the governing body of any county or municipality
in accordance with the provisions of Section 11-97-3 hereof, that authorizes the incorporation
of a corporation. (3) BOARD. The board of directors of a corporation. (4) BONDS. Bonds, notes,
or other obligations representing an obligation to pay money. (5) CORPORATION. Any public
corporation organized pursuant to the provisions of this chapter. (6) COSTS. As applied to
a facility or any portion thereof, shall include all or any part of the...
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