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27-30-19
Section 27-30-19 Deposit - Administration. (a) Deposits of mutual aid associations,
heretofore or hereafter made with the State Treasurer under Section 27-30-18 or under
laws heretofore in force, shall be administered as provided by, be subject to withdrawal and
release, and otherwise be subject to the applicable provisions of Chapter 6 of this title,
other than the following sections: (1) Section 27-6-2; and (2) Section 27-6-13.
(b) A mutual aid association shall be deemed to be an "insurer" for the purposes
and within the terms of Chapter 6 of this title. (Acts 1935, No. 114, p. 165; Acts 1971, No.
407, p. 707, §575.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-30-19.htm - 964 bytes - Match Info - Similar pages
22-21-370
Section 22-21-370 Posting of securities or surety bond; custody of securities; exemption
from taxation; release of securities or bond; modification orders; hearing; effect of failure
to comply. (a) To assure the faithful performance of its obligations in the event of insolvency
each dental service corporation authorized under Section 22-21-364 shall, through the
commissioner, deposit and maintain with the Treasurer of the State Securities of the type
eligible for deposit by insurers under Section 27-6-3, which securities shall have
at all times a market value as follows: (1) A corporation which has operated no dental service
plan in this state prior to January 1, 1983, shall, prior to the issuance of its certificate
of authority and before receiving any subscription payments, place in trust with the Treasurer
of the State, through the commissioner an initial amount of $50,000.00; (2) A corporation
operating a dental service plan business in this state prior to January 1, 1983, and...
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27-31-12
Section 27-31-12 Bond of attorney of domestic insurer - Deposit in lieu thereof. In
lieu of the bond required under Section 27-31-11, the attorney may maintain on deposit
with the State Treasurer, through the office of the commissioner, a like amount in cash or
in value of securities qualified for deposit under Section 27-6-3, and subject to the
same conditions as the bond. (Acts 1971, No. 407, p. 707, §602.)...
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27-3-11
Section 27-3-11 Deposit requirements - Generally. (a) The commissioner shall not issue
or permit to exist a certificate of authority as to any insurer, other than an alien insurer,
unless it has deposited and maintains deposited in trust with the Treasurer of this state
cash or securities eligible under Section 27-6-3 and having a value at all times of
not less than $100,000.00 or the minimum paid-in capital stock, if a stock insurer, or surplus,
if a mutual or reciprocal insurer, required to be maintained by the insurer under this title
for authority to transact the kinds of insurance to be transacted, whichever is the smaller
amount. (b) The deposit shall be for the general benefit and protection of the insurer's policyholders
or its policyholders and creditors. (c) In lieu of such deposit, or part thereof, in this
state of a foreign insurer, the commissioner shall, subject to the retaliatory law, Section
27-3-29, accept the current certificate in proper form of the public official...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-3-11.htm - 3K - Match Info - Similar pages
27-25-3
Section 27-25-3 Definitions. For the purposes of this chapter, the following terms shall
have the following meanings: (1) ABSTRACT OF TITLE. A compilation or summary of all instruments
of public record of whatever kind or nature which in any manner affect title to a specified
parcel of real property. (2) BUSINESS ENTITY. A domestic entity properly formed and existing
under Title 10A. (3) COMMISSIONER. The Commissioner of the Alabama Department of Insurance.
(4) INDIVIDUAL. A natural person. (5) NAIC. The National Association of Insurance Commissioners,
its subsidiaries and affiliates, and any successor thereof. (6) OPINION OF TITLE. A written
expression of the status of title, including, but not limited to, the validity or invalidity
thereof, based upon an examination by an attorney at law, who is licensed to practice law
in this state, of instruments of public record or an abstract thereof affecting title to a
specified parcel of real property to ascertain the history and present...
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5-17-60
Section 5-17-60 Confidentiality of conditions and affairs of credit unions; disclosures.
(a) Except as otherwise provided in this title or under state or federal law, the administrator,
a member of the Credit Union Board, or an examiner or other state employee may not disclose
the condition and affairs of any credit union, its supervisory committee, or subsidiaries
or other affiliates, ascertained by an examination of such credit union or affiliates, or
report or give out nonpublic personal information of credit union members, except as authorized
or required by law; provided that this section shall not be construed to prevent examiners
and other employees from reporting such information to the administrator or such persons as
the administrator may lawfully designate. (b) Notwithstanding subsection (a), the administrator,
at the administrator's discretion, may disclose any information otherwise protected under
this section to the members of the Credit Union Board and confer with the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-60.htm - 4K - Match Info - Similar pages
33-1-18
Section 33-1-18 Sales of submerged lands and made lands lying under or abutting tidal
waters. (a) The Director of the Alabama State Port Authority is vested with power and authority
to obtain and negotiate a sale of any submerged lands and made lands claimed or owned by the
state, which lands are under or were formerly under any of the tidal waters of the State of
Alabama, or which lands abut such tidal waters; provided, however, that if such lands abut
or adjoin in whole or in part any uplands then no such sale shall be made to any purchaser
other than the owner of such uplands, except a sale of so much of said land as may be used
and occupied by such purchaser without interfering with the riparian rights appurtenant to
such uplands, unless the owner of such uplands relinquishes such rights by appropriate instrument
made in connection with such sale; and except that such sales may be made to a public body
of the submerged or made land upon which docks or wharves have been constructed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-1-18.htm - 4K - Match Info - Similar pages
11-51-183
Section 11-51-183 Certification and disposition of taxes; charge for collection and
administration; redistribution of over-charges; warrant; fees. (a) The Commissioner of Revenue
shall deposit into the State Treasury all municipal taxes collected by the department under
this division; and, on a bi-weekly basis, the commissioner shall certify to the Comptroller
the amount of taxes collected under the provisions of this division for the approximate two-week
period immediately preceding the certification and the amount to be distributed to each municipality,
less collection and administration charges deducted, which shall be paid to the treasurer
or other custodian of funds of the municipality within three days after certification thereof.
(b) The Department of Revenue shall charge each municipality its actual cost for collecting
and administering the municipal license taxes. Notwithstanding the previous sentence, the
charge shall not exceed two percent of the amount collected for that...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-51-183.htm - 3K - Match Info - Similar pages
27-27-12
Section 27-27-12 Deposit of solicitation permit funds in escrow - Requirement. (a) All
funds received in Alabama pursuant to a solicitation permit, other than advance premiums for
insurance which are subject to Section 27-27-18, shall, by the permit holder, be deposited
and held in escrow in a bank or trust company located in this state under an agreement approved
by the commissioner. (b) No part of such funds shall be withdrawn from such deposit, except:
(1) For the payment of promotion, sales, and organization expenses as authorized by the solicitation
permit, and funds for such purposes may be withheld from the deposit; (2) For the purpose
of making any deposit with the commissioner required for the issuance of a certificate of
authority to an insurer; (3) If the proposed organization is not to be an insurer, upon completion
of payments on securities subscriptions made under the solicitation permit and deposit or
appropriation of such funds to the purposes specified in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-12.htm - 1K - Match Info - Similar pages
27-27-20
Section 27-27-20 Domestic mutual insurers - Authorization to transact additional kinds
of insurance. A domestic mutual insurer, after being authorized to transact one kind of insurance,
may be authorized by the commissioner to transact such additional kinds of insurance as are
permitted under Section 27-3-6, while otherwise in compliance with this title and while
maintaining unimpaired surplus funds in an amount not less than the amount of paid-in capital
stock required of a domestic stock insurer transacting like kinds of insurance, subject further
to the additional expendable surplus requirements of Section 27-3-8 applicable to such
a stock insurer. (Acts 1971, No. 407, p. 707, §516.)...
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