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27-2B-2
Section 27-2B-2 Definitions. As used in this chapter, these terms shall have the following
meanings: (1) ADJUSTED RBC REPORT. An RBC report which has been adjusted by the commissioner
in accordance with subsection (e) of Section 27-2B-3. (2) CORRECTIVE ORDER. An order issued
by the commissioner specifying corrective actions which the commissioner has determined are
required. (3) DOMESTIC INSURER. Any insurer domiciled in this state. (4) FOREIGN INSURER.
Any insurer which is licensed to do business in this state but not domiciled in this state.
(5) FRATERNAL BENEFIT SOCIETY. Any insurer licensed under Chapter 34. (6) HEALTH ORGANIZATION.
Any health care service plan, health maintenance organization, limited health service organization,
dental services corporation, or other managed care organization licensed under this title.
This term does not include any life and disability insurer or property and casualty insurer.
(7) INSURER. As defined in Section 27-1-2, including, without...
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34-24-59
Section 34-24-59 Reporting of physician disciplinary actions. (a) The chief administrative
officer of each hospital shall report to the Alabama State Board of Medical Examiners any
disciplinary action taken concerning any physician when the action is related to professional
ethics, negligence, or incompetence in the practice of medicine, moral turpitude, sexual misconduct,
abusive or disruptive behavior, or drug or alcohol abuse. Disciplinary action shall include
termination, revocation, probation, restriction, denial, failure to renew, suspension, reduction,
or resignation of hospital privileges for any of the above reasons. The report shall be in
writing and be made within 30 days of the date of the initial action. Failure on the part
of a chief administrative officer of a hospital to file a report required under this section
shall be a violation of Section 22-21-25(b)(3), and the State Board of Health may, in its
discretion, impose upon the hospital found to be in violation, a civil...
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36-21-73
Section 36-21-73 Appointment of actuary; action upon report; liability for deficiency in payments.
The board shall have appointed and employed an actuary to make an actuarial valuation every
three years or earlier, if deemed required, of the receipts and income accruing to the fund
based on age, expected mortality, disability, and retirement status of the members and the
qualified service and membership service of members and to determine what percentage of the
proposed payments, annuities, and benefits set forth in this article may be paid if the fund
is to be kept on an actuarily sound basis and in an actuarily solvent condition. Upon receipt
of the report of the actuary, the executive director shall present it to a meeting of the
board which shall have the power and shall be required to make adjustments of annuities and
benefits, up or down, as are recommended by the actuary. Any increase or reduction in benefits
resulting from any actuarial study or from any subsequent amendment of...
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11-50A-6
Section 11-50A-6 Board of directors; election committee; meetings; officers; compensation;
recordkeeping. (a) The board of directors of the authority shall be elected by the duly designated
representatives of the municipalities which are authorized and directed to designate a member
of the election committee as hereinafter provided in this section. Until the first meeting
of the board of directors following the meeting in 2015 of the election committee hereinafter
provided for, the board of directors shall consist of nine members; thereafter, the board
shall consist of the number of members equal to the number of municipalities contracting with
the authority for the purchase of electric power and energy pursuant to Section 11-50A-17,
which are authorized and directed to designate a member of the election committee. Members
of the board of directors shall be eligible to succeed themselves. The business, affairs,
and property of the authority shall be managed by its board of directors....
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11-92B-7
Section 11-92B-7 Board of directors. (a) The authority shall operate under the direction of
a board of directors which shall consist of voting members selected as follows: (1) One member
appointed by the Governor. (2) Five members appointed by the governing body of each municipality
whose corporate limits lie in whole or in part within the operational area of the authority.
(3) Five members appointed by the governing body of the county of incorporation. (b) A vacancy
occurring on the board for any reason shall be filled within 30 days of the vacancy by the
appointing authority making the initial appointment. If the appointing authority that made
the initial appointment does not fill the vacancy within 30 days, the remaining appointing
authorities shall make the appointment. (c) Initial appointments to the board shall be made
within 30 days following the effective date of the incorporation. The Governor's initial appointee
shall serve a three-year term. Each governing body of a...
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2-3A-4
Section 2-3A-4 Board of directors; members; terms; vacancies; qualifications; expenses; quorum;
impeachment; copies of proceedings as evidence. (a) The authority shall be governed by a board
of directors, and all powers of the authority shall be exercised by the board or pursuant
to its authorization. (b) The board shall consist of seven directors. The Commissioner of
Agriculture and Industries, the Director of Finance and the Superintendent of Banking shall
be ex officio members of the board of directors. The remaining four directors shall be appointed,
by the persons and in the manner hereinafter prescribed, as soon as may be practicable after
the incorporation of the authority, for staggered terms as follows: The Speaker of the House
of Representatives shall appoint one director and the President Pro Tempore of the Senate
shall appoint one director each of whose initial terms shall begin immediately upon his respective
appointment and shall end on September 30 in the fourth calendar...
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25-5-256
Section 25-5-256 Association subject to examination and regulation by Department of Labor.
The association shall be subject to examination and regulation by the Department of Labor.
No later than March 30 of each year, the board of directors shall submit a financial report
for the preceding calendar year in a form approved by the department. (Acts 1989, No. 89-533,
p. 1092, ยง7.)...
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27-33-13
Section 27-33-13 Trusteed assets - Withdrawal. (a) The trust agreement shall provide, in substance,
that no withdrawals of trusteed assets shall be made by the insurer or permitted by the trustee
without the written authorization or approval of the commissioner in advance thereof except
as follows: (1) Any or all income, earnings, dividends, or interest accumulations of the trusteed
assets may be paid over to the United States manager of the insurer upon request of the insurer
or the manager; (2) For substitution, coincidentally with such withdrawal, of other securities
or assets of value at least equal in amount to those being withdrawn, if such substituted
securities or assets are likewise such as are eligible for investment of the funds of like
domestic insurers and if such withdrawal is requested in writing by the insurer's United States
manager pursuant to general or specific written authority previously given or delegated by
the insurer's board of directors, or other similar...
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36-21-192
Section 36-21-192 Appointment of actuary; action upon report; liability for deficiency in payments.
(a) The board shall appoint and employ an actuary to make an actuarial valuation every three
years or earlier, if deemed required, of the receipts and income accruing to the fund based
on age, expected mortality, disability, and retirement status of the members and the qualified
service and membership service of members and to determine what percentage of the proposed
payments, annuities, and benefits set forth in this article may be paid if the fund is to
be kept on an actuarially sound and solvent basis. Upon receipt of the report of the actuary,
the executive director shall present it to a meeting of the board which shall make adjustments
of annuities and benefits, up or down, as recommended by the actuary. Any increase or reduction
in benefits resulting from any actuarial study or from any subsequent amendment of this article
shall be applicable to all persons then receiving such...
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45-37A-54.63
Section 45-37A-54.63 Board of directors. Such authority formed under this subpart shall constitute
a public benefit agency of the State of Alabama and shall have a board of directors of nine
members selected as herein provided. Such board of directors shall constitute the governing
body of the authority. The members of the board of directors shall serve without compensation,
except they shall be reimbursed for actual expenses incurred in and about the performance
of their duties hereunder. No member of the board of directors shall be an officer of the
city. The six original and their subsequent directors shall be elected by the governing body
of the city, and they shall be so elected that they shall hold office for staggered terms.
For the purpose of so staggering the terms, the directorships shall be numbered one through
six, inclusive. The first term of office of each director shall be for a number of years corresponding
to the number of the directorship which he or she holds; and,...
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