32-7-35
Section 32-7-35 Assigned risk plans. After consultation with insurance companies authorized
to issue automobile liability policies in this state, the Commissioner of Insurance shall
approve a reasonable plan or plans for the equitable apportionment among such companies of
applicants for such policies and for motor vehicle liability policies who are in good faith
entitled to but are unable to procure such policies through ordinary methods. When any such
plan has been approved, all such insurance companies shall subscribe thereto and participate
therein. Any applicant for any such policy, any person insured under any such plan and any
insurance company affected may appeal to the Commissioner of Insurance from any ruling or
decision of the manager or committee designated to operate such plan. Any person aggrieved
hereunder by any order or act of the Commissioner of Insurance may, within 10 days after notice
thereof, file a petition in the Circuit Court of Montgomery County, Alabama for a...
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9-17-105
Section 9-17-105 Permits; LP-Gas Recovery Fund; proof of insurance; surety bond; Liquefied
Petroleum Gas Board Personal Bond Fund; change of name. (a) The board may issue permits to
any person, who is a citizen of the United States or, if not a citizen of the United States,
is legally present in the United States with appropriate documentation from the federal government,
to engage in or continue the business of selling, distributing, storing, or transporting liquefied
petroleum gases and to engage in or continue the business of installing, servicing, repairing,
removing, or adjusting liquefied petroleum gas containers, tanks, or systems or to perform
magnetic, hydrostatic, visual, or X-ray inspections of liquefied petroleum gas storage containers,
cargo tanks, motor fuel containers, and cylinders in the State of Alabama; and to prescribe
the requirements of any person to obtain the permits. The board may revoke any permit issued,
for cause, in the opinion of the board. (b) The permits...
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27-10-22
Section 27-10-22 Endorsement of surplus line contract. Every insurance contract procured and
delivered as a surplus line coverage pursuant to this article shall be initialed by, or bear
the name and license number of, the surplus line broker who procured it and shall have stamped
upon it the following: "This contract is registered and delivered as a surplus line coverage
under the Alabama Surplus Line Insurance Law." (Acts 1963, No. 521, p. 1112, §9; Acts
1971, No. 407, p. 707, §197.)...
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27-12A-2
Section 27-12A-2 Insurance fraud - definition. A person commits the crime of insurance fraud
if, knowingly and with intent to defraud, he or she commits, or conceals any material information
concerning, one or more of the following acts: (1) The solicitation or acceptance of new or
renewal insurance risks on behalf of an insurer, reinsurer, or other person engaged in the
transaction of the business of insurance, by a person who knows the insurer, reinsurer, or
other person responsible for the risk is financially unable to pay its claims at the time
of the transaction. (2) The removal, concealment, alteration, or destruction of the assets
or records relating to the transaction of the business of insurance of an insurer, reinsurer,
or other person engaged in the transaction of the business of insurance. This section does
not prohibit an insurer, reinsurer, or other person engaged in the transaction of the business
of insurance from destroying records or documents relating to the...
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27-31B-3
Section 27-31B-3 Licensing. (a) Any captive insurance company, when permitted by its articles
of association, charter, or other organizational document, may apply to the commissioner for
a license to do any and all insurance defined in Sections 27-5-2, 27-5-4, and 27-5-5, in subdivisions
(1), (2), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), and (14) of subsection (a)
of Section 27-5-6, in Sections 27-5-7, 27-5-8, 27-5-9, and 27-5-10, and to grant annuity contracts
as defined in Section 27-5-3, subject, however, to all of the following: (1) No pure captive
insurance company may insure any risks other than those of its parent and affiliated companies
or controlled unaffiliated business. (2) No association captive insurance company may insure
any risks other than those of the member organizations of its association, and their affiliated
companies. (3) No industrial insured captive insurance company may insure any risks other
than those of the industrial insureds that comprise...
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27-40-15
Section 27-40-15 Premium financed to be sent to insurance company, agent, or surplus lines
broker; issuance of drafts, etc.; duties with respect to cancellation. (a) The amount of premium
financed, more specifically referred to as "the principal balance" in paragraph
c. of subdivision (3) of subsection (a) of Section 27-40-8, shall be sent to the insurance
company or companies, or the agent or surplus lines broker. (b) All drafts, checks, or other
orders of payment issued for premiums financed shall be issued by or on behalf of the premium
finance company and shall be mailed, delivered, or otherwise transmitted directly to the insurance
company or its agent, or surplus lines broker. Any check, draft, or other order or form of
payment to any insurance agent, insurance broker, managing general agent, or other person,
when issued shall be presumed to have been issued by the duly authorized agent of the premium
finance company which provided the checks or drafts to the person issuing the...
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27-5-6
loss or damage to any property or interest caused by the breakage or leakage of sprinklers,
hoses, pumps, and other fire-extinguishing equipment or apparatus, water pipes or containers
or by water entering through leaks or openings in buildings and insurance against loss or
damage to such sprinklers, hoses, pumps and other fire-extinguishing equipment or apparatus;
(9) CREDIT. Insurance against loss or damage resulting from failure of debtors to pay their
obligations to the insured; (10) MALPRACTICE. Insurance against legal liability of
the insured and against loss, damage or expense incidental to a claim of such liability and
including medical, hospital, surgical, and funeral benefits to injured persons, irrespective
of legal liability of the insured, arising out of the death, injury, or disablement of any
person or arising out of damage to the economic interest of any person as the result of negligence
in rendering expert, fiduciary, or professional service; (11) LIVESTOCK....
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15-13-159
Section 15-13-159 Qualifications - Professional surety company. No professional surety company
shall execute or become surety on any appearance bond in this state, unless it has an order
granting authorization to become professional surety on any bail. The order granting the authorization
shall be reissued annually, prior to January 1 of each year, by the presiding circuit judge
of the county in which the company desires to execute bail or appearance bonds. Prior to the
judge's issuance of the original order and no later than December 1 of each year, thereafter,
professional surety companies shall submit annually to the presiding circuit judge the following:
(1) An original or certified copy of a certificate of authority or certificate of compliance
from the Department of Insurance reflecting that the company is qualified to write a bail
line of insurance and that the company is in good standing with the department. (2) An original
qualifying power of attorney issued by the...
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27-10-23
Section 27-10-23 Validity and enforceability of surplus line contracts. Insurance contracts
procured as "surplus line" coverages from unauthorized insurers in accordance with
this article shall be fully valid and enforceable as to all parties and shall be given acceptance
and recognition in all matters and respects to the same effect and extent as like contracts
issued by authorized insurers. (Acts 1963, No. 521, p. 1112, §10; Acts 1971, No. 407, p.
707, §198.)...
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27-20-2
Section 27-20-2 Group disability insurance - Mandatory policy provisions. Each such group disability
insurance policy shall contain in substance the following provisions: (1) A provision that,
in the absence of fraud, all statements made by applicants, or the policyholders or by an
insured person shall be deemed representations and not warranties and that no statement made
for the purpose of effecting insurance shall void such insurance or reduce benefits unless
contained in a written instrument signed by the policyholder or the insured person, a copy
of which has been furnished to such policyholder or to such person or his beneficiary; (2)
A provision that the insurer will furnish to the policyholder for delivery to each employee,
or member of the insured group, a statement in summary form of the essential features of the
insurance coverage of such employee or member and to whom benefits thereunder are payable.
If dependents are included in the coverage, only one certificate need be...
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