26-1A-215
Section 26-1A-215 Retirement plans. (a) In this section, "retirement plan" means
a plan or account created by an employer, the principal, or another individual to provide
retirement benefits or deferred compensation of which the principal is a participant, beneficiary,
or owner, including a plan or account under the following sections of the Internal Revenue
Code: (1) an individual retirement account under Internal Revenue Code Section 408, 26 U.S.C.
Section 408, as amended; (2) a Roth individual retirement account under Internal Revenue Code
Section 408A, 26 U.S.C. Section 408A, as amended; (3) a deemed individual retirement account
under Internal Revenue Code Section 408(q), 26 U.S.C. Section 408(q), as amended; (4) an annuity
or mutual fund custodial account under Internal Revenue Code Section 403(b), 26 U.S.C. Section
403(b), as amended; (5) a pension, profit-sharing, stock bonus, or other retirement plan qualified
under Internal Revenue Code Section 401(a), 26 U.S.C. Section...
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27-2-21
Section 27-2-21 Examinations - Affairs, etc., of insurers and surplus line brokers. (a) For
the purpose of determining its financial condition, ability to fulfill its obligations and
compliance with the law, the commissioner shall examine the affairs, transactions, accounts,
records, and assets of each authorized insurer, and the records of surplus line brokers restricted
to those matters under Section 27-10-29, including the attorney-in-fact of a reciprocal insurer
insofar as insurer transactions are involved as often as the commissioner deems appropriate
but shall, at a minimum, conduct an examination of every insurer licensed in this state not
less frequently than once every five years. In scheduling and determining the nature, scope,
and frequency of the examinations, the commissioner shall consider such matters as the results
of financial statement analyses and ratios, changes in management or ownership, actuarial
opinions, reports of independent certified public accountants, and...
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27-2-34
Section 27-2-34 Order of supervision - Appointment of supervisor; acts which may be prohibited
during period of supervision. During the period of supervision the commissioner may appoint
a supervisor and may provide that the insurer may not do the following things during the period
of supervision without the prior approval of the commissioner or his duly appointed supervisors:
(1) Dispose of, convey, or encumber any of its assets or its business in force; (2) Withdraw
any of its bank accounts; (3) Lend any of its funds; (4) Invest any of its funds; (5) Transfer
any of its property; (6) Incur any debt, obligation, or liability; (7) Enter into any new
reinsurance contract or treaty; (8) Issue to the public policies of insurance. (Acts 1975,
No. 217, p. 742, §2; Acts 1977, No. 409, p. 547, §3.)...
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27-21A-11
Section 27-21A-11 Investments. With the exception of investments made in accordance with subdivisions
(a)(1), (a)(2), (a)(5), and subsection (b) of Section 27-21A-4, the funds of a health maintenance
organization shall be invested only in securities or other investments permitted by the laws
of this state for the investment of assets constituting the legal reserves of life insurance
companies or such other securities or investments as the commissioner may permit. (Acts 1986,
No. 86-471, p. 854, §11.)...
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27-27-55
Section 27-27-55 Insider trading of domestic stock insurer equity securities - Unlawful sales.
It shall be unlawful for any such beneficial owner, director, or officer, directly or indirectly,
to sell any equity security of such company if the person selling the security or his principal:
(1) Does not own the security sold; or (2) If owning the security, does not deliver it against
such sale within 20 days thereafter or does not within five days after such sale deposit it
in the mails or other usual channels of transportation; but no person shall be deemed to have
violated this section if he proves that, notwithstanding the exercise of good faith, he was
unable to make such delivery or deposit within such time or that to do so would cause undue
inconvenience or expense. (Acts 1971, No. 407, p. 707, §551.)...
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43-2-235
Section 43-2-235 Revocation of letters upon proof that supposed decedent is alive - Distribution
of assets. The probate court may revoke the said letters at any time on due and satisfactory
proof that the supposed decedent is in fact alive, after which revocation all the powers of
the administrator shall cease, but all receipts, disbursements of assets and other acts previously
done by him shall remain as valid as if the said letters were unrevoked. The administrator
shall settle an account of his administration, down to the time of such revocation, and shall
transfer all assets remaining in his hands to the person as whose administrator he had acted
or to his duly authorized agent or attorney. Nothing in this article shall validate the title
of any person to any property or money received as widow, next of kin or heir of such supposed
decedent, but the same may be recovered from such person, provided such supposed decedent
shall make due and sufficient legal proof to the court having...
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2-25-17.1
Section 2-25-17.1 Procedures to be used when plant, nursery stock, etc., found to contain plant
pests or noxious weeds; commissioner's power, upon notice, to order removal, destruction or
treatment; refusal of owner to comply; liability for cost of treatment or destruction. If
the commissioner finds, on examination, any plant, plant product or nursery stock infested
or infected with plant pests or noxious weeds, he shall notify in writing the owner or persons
having charge of such premises to that effect, and the owner or person in charge shall, within
10 days after such notice, unless an appeal is taken as provided in this article, cause the
removal and destruction of the infested and infected plant or plant product if it is incapable
of successful treatment; otherwise, such owner or person in charge shall cause it to be treated
as directed in the order of the commissioner. No indemnity shall be awarded to the owner for
complying with the above notice or orders of the commissioner. In...
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27-3-13
Section 27-3-13 Deposit requirements - Special deposit - Title insurers. (a) For authority
to transact such insurance in this state, a foreign title insurer shall have and maintain
on deposit in this state for the better protection of its guaranty holders and creditors,
resident in this state, under its contracts of title insurance, cash and securities eligible
under Section 27-6-3 having a value at all times of not less than $50,000.00. The deposit
shall be so made and maintained in trust with a bank or trust company located in this state,
approved by the commissioner, having a capital and surplus of not less than $500,000.00. (b)
At its option, a domestic title insurer may maintain a deposit in like manner, amount, character
and for like purposes as required for foreign insurers under subsection (a) of this section.
(c) Such deposits shall be subject to the applicable provisions of Chapter 6 of this title.
(Acts 1923, No. 485, p. 635; Acts 1971, No. 407, p. 707, §58.)...
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27-31-11
Section 27-31-11 Bond of attorney of domestic insurer - Requirements. (a) Concurrently with
the filing of the declaration provided for in Section 27-31-7, the attorney of a domestic
reciprocal insurer shall file with the commissioner a bond in favor of this state for the
benefit of all persons damaged as a result of breach by the attorney of the conditions of
his bond as set forth in subsection (b) of this section. The bond shall be executed by the
attorney and by an authorized corporate surety and shall be subject to the commissioner's
approval. (b) The bond shall be in the penal sum of $25,000.00, aggregate in form, conditioned
that the attorney will faithfully account for all moneys and other property of the insurer
coming into his hands and that he will not withdraw or appropriate to his own use from the
funds of the insurer any moneys or property to which he is not entitled under the power of
attorney. (c) The bond shall provide that it is not subject to cancellation unless 30...
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45-37-243.07
Section 45-37-243.07 Violations; contraband beverages. Among others the following acts and
omissions shall be unlawful: (1) It shall be unlawful for any person to sell, offer for sale,
or deliver within any county subject to this subpart any alcoholic, spirituous, vinous, or
fermented liquor on which the license tax herein levied has not been paid. (2) The judge of
probate, license commissioner, director of county department of revenue, or other public officer
performing like duties in such counties, his or her agent, or any peace officer of the county
shall have authority to seize without warrant any and all alcoholic, spirituous, vinous, or
fermented liquors which are on hand for or are being sold in any place operating without a
license from the Alabama Alcoholic Beverage Control Board or any such beverages on which the
license tax levied by this subpart has not been paid including the containers or packages
in which such alcoholic, spirituous, vinous, or fermented liquors are found...
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