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27-31-25
Section 27-31-25 Nonassessable policies. (a) If a reciprocal insurer has a surplus of
assets over all liabilities at least equal to the minimum capital stock required of a domestic
stock insurer authorized to transact like kinds of insurance, upon application of the attorney
and as approved by the subscribers' advisory committee, the commissioner shall issue his certificate
authorizing the insurer to extinguish the contingent liability of subscribers under its policies
then in force in this state and to omit provisions imposing contingent liability in all policies
delivered, or issued for delivery, in this state for so long as all such surplus remains unimpaired.
(b) Upon impairment of such surplus, the commissioner shall forthwith revoke the certificate.
Such revocation shall not render subject to contingent liability any policy then in force
and for the remainder of the period for which the premium has theretofore been paid; but after
such revocation, no policy shall be issued or...
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27-13-22
Section 27-13-22 Applicability of article - Inland marine insurance. The provisions
of this section shall apply to all insurance which is now or hereafter defined by statute,
by ruling of the commissioner or by lawful custom as inland marine insurance, but this article
shall not apply to insurance of vessels or craft, their cargoes, marine builder's risks, marine
protection and indemnity, or other risks commonly insured under marine insurance policies:
(1) As to all classes of inland marine insurance for which class rates or rating plans are
customarily fixed by rating organizations or associations of underwriters, rates or rating
plans shall be filed by all authorized insurers writing such classes, with the department
in such manner and form as it shall direct, and also special rates fixed by any such rating
organization or association shall be similarly filed. All such rates shall be reasonable,
adequate and not unfairly discriminatory. Due consideration shall be given to past...
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27-13-34
Section 27-13-34 Approval of rates and forms for insuring special types or classes of
risks. Any insurer, individually or as a member of a pool, group, or association, engaged
in the business of insuring special types or classes of risks in connection with a particular
inspection or engineering service or with respect to which a set of standards has been maintained
to the satisfaction of the commissioner may submit its loss experience data, forms, and proposed
rates and negotiate with the commissioner for his approval of such rates and forms either
directly in its own behalf or through a unified facility of the group created, licensed as
a rating organization and maintained entirely or in part for such purpose. In evaluating the
forms and rates of such an insurer, or pool or association of insurers, the commissioner shall
act with due regard for the previous record of such insurer or group of insurers and with
due appreciation of previous and prospective loss trends, both within and...
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27-28-2
Section 27-28-2 Plan for exchange of stock, etc., between domestic stock insurer and
holding company - Procedure for exchange. A plan of exchange shall be adopted and become effective
in the following manner: (1) APPROVAL OF THE BOARDS OF DIRECTORS. - The boards of directors
of each corporate party to the plan of exchange by resolution shall adopt the plan of exchange
which shall set forth the terms and conditions of the exchange and the mode of carrying the
same into effect and such other provisions with respect to the exchange as may be deemed necessary
or desirable. (2) APPROVAL OF COMMISSIONER. - Every plan of exchange, before being submitted
to vote of the stockholders pursuant to subdivision (3) of this section, shall be submitted
for approval to the commissioner in accordance with the following procedure: a. After the
approval required by subdivision (1) of this section is obtained, the domestic company
shall submit to the commissioner three copies of the plan of exchange and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-28-2.htm - 13K - Match Info - Similar pages
27-2B-9
Section 27-2B-9 Confidentiality of reports and plans; information sharing agreements;
publication of RBC levels prohibited; use of reports and plans by commissioner. (a) All RBC
reports, to the extent the information therein is not required to be set forth in a publicly
available annual statement schedule, and RBC plans, including the results or report of any
examination or analysis of an insurer performed pursuant hereto and any corrective order issued
by the commissioner pursuant to examination or analysis, with respect to any domestic insurer
or foreign insurer which are filed with the commissioner constitute information that may be
damaging to the insurer if made available to its competitors and therefore shall be kept confidential
by the commissioner. This information shall not be made public or be subject to subpoena,
other than by the commissioner, and then only for the purpose of enforcement actions taken
by the commissioner pursuant to this chapter or any other provision of...
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27-31B-22
Section 27-31B-22 Protected cell captive insurance companies. (a) One or more sponsors
may form a protected cell captive insurance company under this chapter. (b) A protected cell
captive insurance company formed or licensed under this chapter may establish and maintain
one or more protected cells to insure risks of one or more participants, subject to all of
the following conditions: (1) Each protected cell shall be accounted for separately on the
books and records of the protected cell captive insurance company to reflect the financial
condition and results of operations of the protected cell, net income or loss, dividends or
other distributions to participants, and other factors as may be provided in the participant
contract or required by the commissioner. (2) The assets of a protected cell shall not be
chargeable with liabilities arising out of any other insurance business the protected cell
captive insurance company may conduct. (3) No sale, exchange, or other transfer of assets...
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27-62-8
Section 27-62-8 Confidentiality. (a)(1) Any documents, materials, or other information
in the control or possession of the department that are furnished by a licensee or an employee
or agent acting on behalf of a licensee pursuant to subsection (i) of Section 27-62-4;
subdivisions (2), (3), (4), (5), (8), (10), and (11) of subsection (b) of Section 27-62-6;
or that are obtained by the commissioner in an investigation or examination pursuant to Section
27-62-7 shall be confidential by law and privileged, shall not be subject to any open records,
freedom of information, sunshine, or other public record disclosure laws, shall not be subject
to subpoena, and shall not be subject to discovery or admissible in evidence in any private
civil action. The commissioner shall not otherwise make the documents, materials, or other
information public without the prior written consent of the licensee. (2) Notwithstanding
subdivision (1), the commissioner may use the documents, materials, or other...
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34-24-521
Section 34-24-521 Definitions. In this compact, the following terms have the following
meanings: (a) BYLAWS. Those bylaws established by the interstate commission pursuant to Section
34-24-530 for its governance, or for directing and controlling its actions and conduct. (b)
COMMISSIONER. The voting representative appointed by each member board pursuant to Section
34-24-530. (c) CONVICTION. A finding by a court that an individual is guilty of a criminal
offense through adjudication, or entry of a plea of guilty or no contest to the charge by
the offender. Evidence of an entry of a conviction of a criminal offense by the court shall
be considered final for purposes of disciplinary action by a member board. (d) EXPEDITED LICENSE.
A full and unrestricted medical license granted by a member state to an eligible physician
through the process set forth in the compact. (e) INTERSTATE COMMISSION. The interstate commission
created pursuant to Section 34-24-530. (f) LICENSE. Authorization by a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-24-521.htm - 4K - 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-74.htm - 2K - Match Info - Similar pages
15-12-4
Section 15-12-4 Voluntary indigent defense advisory boards. (a) Creation. In each judicial
circuit, a voluntary indigent defense advisory board shall be established. (b) Composition;
qualifications, appointment, term of office, and removal of members; vacancies. - The voluntary
indigent defense advisory board shall be composed of five members who are residents of the
judicial circuit in which they are appointed, including the presiding circuit judge as the
chair, the president of the local circuit bar association and three other attorneys all selected
by the bar commissioner or commissioners for that circuit. The membership of the voluntary
indigent defense advisory board in each judicial circuit shall be inclusive and reflect the
racial, gender, and economic diversity of the judicial circuit. In a multi-county circuit,
the bar commissioner or commissioners shall select the president of a county bar association
existing within the circuit to serve on the indigent defense advisory...
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