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27-12A-20
Section 27-12A-20 Fraud warning. (a) A fraud warning shall be included on at least one of the
following: Claim release forms, applications, reinstatements for insurance, participation
agreements, declaration pages, and claim documents, regardless of the method or form of transmission
and shall contain the following statement or a substantially similar statement: "Any
person who knowingly presents a false or fraudulent claim for payment of a loss or benefit
or who knowingly presents false information in an application for insurance is guilty of a
crime and may be subject to restitution, fines, or confinement in prison, or any combination
thereof." (b) The lack of a statement required by subsection (a) shall not constitute
a defense in any prosecution for insurance fraud. (c) Policies issued by unauthorized insurers
shall contain a statement disclosing the status of the insurer to do business in the state
where the policy is delivered or issued for delivery or the state where coverage is...
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27-3-16
Section 27-3-16 Lloyd's insurers. Aggregations of individuals as underwriters, whether domestic,
foreign, or alien, assuming insurance risks upon the plan known as "Lloyd's," whereby
each underwriter is liable for the proportionate part assumed by him of the whole amount so
insured by a policy issued by such underwriters, may be authorized to transact any kind, or
kinds, of insurance in this state other than life or title insurances if the insurer is otherwise
in compliance with this title, subject to the following conditions: (1) If a foreign or alien
insurer, it must have successfully been in business as an authorized insurer in the state
or country of domicile for at least 10 years. (2) If a domestic insurer, it must file with
the commissioner evidence, satisfactory to him, that it has been soundly organized and that
its insurance operations will, at all times, be competently conducted by individuals having
the necessary experience in insurance underwriting and management to do so,...
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27-5B-12
Section 27-5B-12 Accredited or certified reinsurer ceasing to meet requirements. (a) If an
accredited or certified reinsurer ceases to meet the requirements for accreditation or certification,
the commissioner may suspend or revoke the reinsurer's accreditation or certification. (b)
The commissioner must give the reinsurer notice and opportunity for hearing. The suspension
or revocation may not take effect until after the commissioner's order on hearing, unless
any of the following occurs: (1) The reinsurer waives its right to hearing. (2) The commissioner's
order is based on regulatory action by the reinsurer's domiciliary jurisdiction or the voluntary
surrender or termination of the reinsurer's eligibility to transact insurance or reinsurance
business in its domiciliary jurisdiction or in the primary certifying state of the reinsurer
under subsection (f) of Section 27-5B-8. (3) The commissioner finds that an emergency requires
immediate action and a court of competent jurisdiction...
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10A-1-7.04
Section 10A-1-7.04 Registration procedure. (a)(1) A foreign entity described in Section 10A-1-7.01(c),
other than a foreign limited liability partnership, registers by delivering to the Secretary
of State for filing an application for registration in accordance with the procedures in Article
4. (2) A foreign limited liability partnership registers by delivering to the Secretary of
State for filing a statement of foreign limited liability partnership in accordance with the
procedures in Article 4. (b) The application for registration of a foreign entity described
in Section 10A-1-7.01(c) other than a foreign limited liability partnership must state: (1)
the foreign entity's name or, if that name is not available for use in this state or otherwise
would not comply with Article 5, a name that satisfies the requirements of Section 10A-1-7.07
under which the foreign entity will transact business in this state; (2) the foreign entity's
type; (3) the foreign entity's jurisdiction of...
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27-31B-8
Section 27-31B-8 Formation of captive insurance companies in this state. (a) A pure captive
insurance company or a protected cell captive insurance company shall be formed as a stock
or mutual insurer, or as a nonprofit or limited liability company with its capital divided
into units and held by the stockholders, members, or other equivalent as allowed by law. (b)
An association captive insurance company, an industrial insured captive insurance company,
or a risk retention group may be formed in any of the following ways: (1) Organized as a stock
insurer with its capital divided into share units and held by the stockholders, members, or
other equivalent as allowed by law. (2) Organized as a mutual insurer without capital stock,
the governing body of which is elected by the member organizations of its association. (3)
Organized as a reciprocal insurer in accordance with Chapter 31 of this title. (4) Organized
as a manager-managed limited liability company. (c) A captive insurance...
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27-32-27.1
Section 27-32-27.1 Authority of receivers and federal home loan banks regarding collateral
pledged by insurer members in delinquency proceedings. (a) For purposes of this chapter, the
following terms shall have the following meanings: (1) FEDERAL HOME LOAN BANK or FHLB. A federal
home loan bank established pursuant to the Federal Home Loan Bank Act, 12 U.S.C. Section 1421,
et seq. (2) INSURER MEMBER. An insurer who is a member of a federal home loan bank. (b) Notwithstanding
any other provision of this chapter, the receiver for an insurer member may not void any transfer
of, or any obligation to transfer, money or any other property arising under or in connection
with any federal home loan bank security agreement, or any pledge, security, collateral, or
guarantee agreement, or any other similar arrangement or credit enhancement relating to a
federal home loan bank security agreement made in the ordinary course of business and in compliance
with the applicable federal home loan bank...
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32-6-49.8
Section 32-6-49.8 Commercial driver license qualification standards. Commercial driver license
qualification standards shall be as follows: (a) Testing. (1) GENERAL. No person may be issued
a commercial driver license unless that person is a resident of this state and has passed
a knowledge and skills test for driving a commercial motor vehicle which complies with minimum
federal standards established by federal regulation enumerated in 49 C.F.R. part 383, subparts
G and H, and has satisfied all other requirements of the CMVSA in addition to other requirements
imposed by state law or federal regulation. The tests shall be prescribed and conducted by
the department. (2) THIRD PARTY TESTING. The department may authorize a person, including
an agency of this or another state, an employer, a private driver training facility, or other
private institution, or a department, agency, or instrumentality of local government to administer
the skills test specified by this section, if the test is...
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34-8B-11
Section 34-8B-11 Reciprocity agreements; nonresidential licenses; fees. (a) The board shall
enter into reciprocal agreements with any state, agency, or other entity that licenses, certifies,
or registers court reporters (NCRA or NVRA, or both) if the board finds that the state, agency,
or other entity has substantially the same or more stringent requirements than the board.
(b) The reciprocity agreement shall provide that the board shall license a person who is currently
licensed, certified, or registered in another state or by another agency or other entity if
that state, agency, or other entity agrees to license, certify, or register any licensees
licensed pursuant to this chapter. (c) Nonresident court reporters desiring to make a verbatim
record of any testimony of a proceeding, the jurisdiction of which is within the courts of
Alabama or where appeal to any court of Alabama is allowable by law, shall make annual application
for a nonresident license. The applicant shall make...
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10A-1-7.07
Section 10A-1-7.07 Entity name. If the name of a foreign entity does not satisfy the requirements
of Article 5, the foreign entity, for use in this state, may: (1) if a corporation, add to
its corporate name the word "corporation" or "incorporated" or an abbreviation
of one of the words; (2) if a banking corporation, add to its corporate name the words "bank,"
"banking," or "bankers"; (3) if a limited partnership that is not a limited
liability limited partnership, add to its partnership name the word "limited" or
the abbreviation "Ltd." or the phrase "limited partnership" or the abbreviation
"L.P." or "LP" but its name must not contain the phrase "limited
liability limited partnership" or the abbreviation "LLLP" or "L.L.L.P.";
(4) if a limited partnership that is a limited liability limited partnership, add to its partnership
name the phrase "limited liability limited partnership" or the abbreviation "LLLP"
or "L.L.L.P." and must not contain the abbreviation "Ltd.," "L.P.,"
or "LP."...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-7.07.htm - 2K - Match Info - Similar pages
8-37-2
30 days. (6) GUARANTEED ASSET PROTECTION WAIVER or GAP WAIVER. A contractual agreement in which
a creditor agrees for a separate charge to cancel or waive all or part of amounts due on a
borrower's finance agreement in the event of a total physical damage loss or unrecovered theft
of the motor vehicle, which agreement shall be part of, or a separate addendum to, the finance
agreement. (7) INSURER. An insurance company licensed, registered, or otherwise authorized
to do business under the insurance laws of this state. (8) MOTOR VEHICLE. Self-propelled or
towed vehicles designed for personal or commercial use, including but not limited to
automobiles, trucks, motorcycles, recreational vehicles, all terrain vehicles, snowmobiles,
campers, boats, personal watercraft, and motorcycle, and boat, camper and personal
watercraft trailers. (9) PERSON. An individual, company, association, organization, partnership,
business trust, corporation, and every form of legal entity. (Act 2017-392, ยง1.)...
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