2-32-11
Section 2-32-11 Duty of treasurer before money remitted by commissioner. Before any money is
remitted by the commissioner to the treasurer of the certified association, the treasurer
shall furnish to the commissioner a bond approved by the commissioner in an amount not less
than the estimated annual total amount of the assessments handled by the treasurer. The surety
on the bond shall be a corporate surety company duly qualified and licensed to do business
in the state, and the bond shall be conditioned upon the faithful handling, proper accounting,
and properly authorized expenditure of all funds received and disbursed by the principal named
in the bond. (Acts 1997, No. 97-638, p. 1163, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-32-11.htm - 1008 bytes - Match Info - Similar pages

2-8-320
Section 2-8-320 Duty of treasurer before money remitted. Before any money is remitted by the
commissioner to the treasurer of the certified association, the treasurer shall furnish to
the commissioner a bond approved by the commissioner in an amount not less than the estimated
annual total amount of the assessments handled by the treasurer. The surety on the bond shall
be a corporate surety company duly qualified and licensed to do business in the state, and
the bond shall be conditioned upon the faithful handling, proper accounting, and properly
authorized expenditure of all funds received and disbursed by the principal named in the bond.
(Act 2002-523, p. 1364, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-320.htm - 986 bytes - Match Info - Similar pages

2-8-360
Section 2-8-360 Duty of treasurer before money remitted. Before any money is remitted by the
commissioner to the treasurer of the certified association, the treasurer shall furnish to
the commissioner a bond approved by the commissioner in an amount not less than the estimated
annual total amount of the assessments handled by the treasurer. The surety on the bond shall
be a corporate surety company duly qualified and licensed to do business in the state, and
the bond shall be conditioned upon the faithful handling, proper accounting, and properly
authorized expenditure of all funds received and disbursed by the principal named in the bond.
(Act 2004-301, p. 427, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-360.htm - 982 bytes - Match Info - Similar pages

27-10-20
Section 27-10-20 Procuring of surplus lines from unauthorized insurers. If certain insurance
coverages cannot be procured on terms acceptable to the insureds from authorized insurers,
such coverages, designated "surplus lines," may be procured from unauthorized insurers
subject to the terms and conditions of either subdivisions (1) or (2) of this section: (1)a.
The insurance must be procured through a licensed surplus line broker; b. The full amount
of insurance required must not be procurable, after diligent effort has been made to do so,
from among the insurers authorized to transact and actually transacting that kind and class
of insurance in this state or has been procured to the full extent such insurers are willing
to insure; c. The insurance must not be procured for the purpose of securing advantages as
to a lower premium rate than would be accepted by an authorized insurer; and d. This section,
and this surplus line law, does not apply as to life insurance or disability...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-10-20.htm - 1K - Match Info - Similar pages

27-30-18
Section 27-30-18 Deposit - Amounts; purpose; kind. (a) Each mutual aid association shall, prior
to issuance of its certificate of authority, deposit and thereafter maintain on deposit with
the Treasurer of the State of Alabama securities of the kind authorized under subsection (d)
of this section, in the amount of not less than $5,000.00. If in any calendar year the gross
premium receipts of the association from business done within this state exceed $50,000.00,
the association shall, not later than the March 30 next following such calendar year, increase
the amount of its deposit so made and maintained in accordance with the following schedule:
Gross premium receipts during calendar year Amount of deposit required More than $50,000 but
less than $150,000 $10,000 Equal to 150,000 but less than 250,000 15,000 Equal to 250,000
but less than 350,000 20,000 Equal to 350,000 but less than 500,000 25,000 Equal to 500,000
but less than 750,000 50,000 Equal to 750,000 but less than 1,000,000...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-30-18.htm - 2K - Match Info - Similar pages

2-8-16
Section 2-8-16 Bond of treasurer of association. Before any money is remitted by the Commissioner
of Agriculture and Industries to the treasurer of an organization or association as authorized
under the provisions of this article, the treasurer of said organization shall furnish to
the commissioner a bond approved by the commissioner in the amount of not less than the estimated
annual total amount of the assessments handled by such officer. The surety on said bond shall
be a corporate surety company duly qualified and licensed to do business in Alabama, and said
bond shall be conditioned upon the faithful handling, proper accounting and properly authorized
expenditure of all funds received and disbursed by the principal named in said bond. (Acts
1961, Ex. Sess., No. 280, p. 2320, §16.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-16.htm - 1K - Match Info - Similar pages

2-8-163
Section 2-8-163 Bond of treasurer of association. Before any money is remitted by the Commissioner
of Agriculture and Industries to the treasurer of an organization or association, as authorized
under the provisions of this article, the treasurer of said organization shall furnish to
the commissioner a bond approved by the commissioner in an amount not less than the estimated
annual total amount of the assessments handled by such officer. The surety on said bond shall
be a corporate surety company qualified to do business in Alabama, and said bond shall be
conditioned upon the faithful handling, proper accounting and properly authorized expenditure
of funds received and disbursed by the principal named in said bond. (Acts 1963, No. 351,
p. 844, §14.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-163.htm - 1K - Match Info - Similar pages

2-8-245
Section 2-8-245 Treasurer of association to be bonded. Before any money is remitted by the
Commissioner of Agriculture and Industries to the treasurer of an organization or association
as authorized under the provisions of this article, the treasurer of said organization shall
furnish the commissioner a bond approved by the commissioner in the amount of not less than
the estimated annual total amount of the assessments handled by such officer. The surety on
said bond shall be a corporate surety company duly qualified and licensed to do business in
Alabama and said bond shall be conditioned upon the faithful handling, proper accounting and
properly authorized expenditure of all funds received and disbursed by the principal named
in said bond. (Acts 1985, No. 85-701, p. 1142, §16.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-245.htm - 1K - Match Info - Similar pages

2-8-96
Section 2-8-96 Bond of treasurer of association. Before any money is remitted by the Commissioner
of Agriculture and Industries to the treasurer of an organization or association as authorized
under the provisions of this article, the treasurer of said organization shall furnish the
commissioner a bond approved by the commissioner in the amount of not less than the estimated
annual total amount of the assessments handled by such officer. The surety on said bond shall
be a corporate surety company duly qualified and licensed to do business in Alabama, and said
bond shall be conditioned upon the faithful handling, proper accounting and properly authorized
expenditure of all funds received and disbursed by the principal named in said bond. (Acts
1971, No. 227, p. 523, §17.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-96.htm - 1K - Match Info - Similar pages

27-2-9
Section 27-2-9 Commissioner of Insurance - Annual report. As early as consistent with full
and accurate preparation, the commissioner shall annually make a report to the Governor of
his official transactions during the preceding calendar year. He shall include in the report:
(1) A statement of the receipts and expenditures of the department for the preceding year;
(2) An exhibit of the financial condition and business transactions during the preceding year
of insurers authorized to transact business in this state, as disclosed by the financial statements
of the insurers filed with the commissioner; (3) Names of insurers whose business was closed
during the year, the cause thereof, and amount of assets and liabilities as ascertainable;
(4) Names of insurers against whom delinquency or similar proceedings were instituted and
a concise statement of the circumstances and results of each such proceeding; (5) His recommendations
as to amendments or supplementation of laws affecting...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-2-9.htm - 1K - Match Info - Similar pages