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27-6A-3
Section 27-6A-3 Licensure requirements. (a) No person, firm, association, or corporation shall
act in the capacity of a managing general agent with respect to risks located in this state
for an insurer licensed in this state unless then licensed in this state as a managing general
agent of the insurer. (b) No person, firm, association, or corporation shall act in the capacity
of a managing general agent representing an insurer domiciled in this state with respect to
risks located outside this state unless then licensed in this state as a managing general
agent of the insurer. Where applicable, the license may be a nonresident license pursuant
to this chapter. (c) The commissioner may require the managing general agent to maintain a
bond in an amount acceptable to the commissioner for the protection of the insurer. (d) The
commissioner may require the managing general agent to maintain an errors and omissions policy.
(Acts 1993, No. 93-675, p. 1240, §4; Act 2001-702, p. 1509, §13.)...
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27-21A-15
Section 27-21A-15 Powers of insurers and health care service plans. (a) An insurance company
licensed in this state, or a health care service plan authorized to do business in this state,
may either directly or through a subsidiary or affiliate organize and operate a health maintenance
organization under the provisions of this chapter. Notwithstanding any other law which may
be inconsistent herewith, any two or more such insurance companies, health care service plans,
or subsidiaries or affiliates thereof, may jointly organize and operate a health maintenance
organization. The business of insurance is deemed to include the providing of health care
by a health maintenance organization owned or operated by an insurer or a subsidiary thereof.
(b) Notwithstanding any provision of insurance and health care service plan laws, Title 10,
Chapter 4, Article 6 and Title 27, an insurer or a health care service plan may contract with
a health maintenance organization to provide insurance or...
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27-29-5
Section 27-29-5 Transactions of insurers with affiliates; adequacy of surplus; dividends and
other distributions. (a) Transactions within an insurance holding company system to which
an insurer subject to registration is a party shall be subject to all of the following standards:
(1) The terms shall be fair and reasonable. (2) Agreements for cost sharing services and management
shall include such provisions as required by rule and regulation issued by the commissioner.
(3) Charges or fees for services performed shall be reasonable. (4) Expenses incurred and
payment received shall be allocated to the insurer in conformity with customary insurance
accounting practices consistently applied. (5) The books, accounts, and records of each party
to all such transactions shall be so maintained as to clearly and accurately disclose the
nature and details of the transactions including such accounting information as is necessary
to support the reasonableness of the charges or fees to the...
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27-29A-1
Section 27-29A-1 Purpose and scope. (a) The purpose of this chapter is to provide the requirements
for maintaining a risk management framework and completing an Own Risk and Solvency Assessment
(ORSA) and provide guidance and instructions for filing an ORSA Summary Report with the Commissioner
of Insurance. (b) The requirements of this chapter shall apply to all insurers domiciled in
this state unless exempt pursuant to Section 27-29A-6. (c) The Legislature finds and declares
that the ORSA Summary Report will contain confidential and sensitive information related to
an insurer or insurance group's identification of risks material and relevant to the insurer
or insurance group filing the report. This information will include proprietary and trade
secret information that has the potential for harm and competitive disadvantage to the insurer
or insurance group if the information is made public. It is the intent of this Legislature
that the ORSA Summary Report shall be a confidential...
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27-40-2
Section 27-40-2 Exemptions from chapter. The provisions of this chapter shall not apply with
respect to any of the following: (1) Any insurance company licensed to do business in this
state. (2) Any banking or other financial institution regulated by the state, or savings and
loan association, or credit union authorized to do business in this state, or any national
banking institution or federal savings and loan association incorporated under the laws of
the United States and located within this state. (3) A charge for insurance in connection
with an installment sale of a motor vehicle or boat or mobile home. (4) The financing of insurance
premiums in this state in accordance with the provisions of this title relating to rates of
insurance. (5) Any insurance agent or agency licensed in Alabama that charges a collection
fee on unpaid balances for insurance premiums under Section 27-12-17 or under the Alabama
Consumer Credit Act. (Acts 1975, No. 1042, p. 2088, §1; Acts 1994, No. 94-118,...
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34-13A-8
Section 34-13A-8 Exemptions. This chapter does not apply to any of the following: (1) Any individual
licensed by the state to practice in a profession other than that of a genetic counselor,
when acting within the scope of his or her profession and doing work of a nature consistent
with his or her training. The individual may not hold himself or herself out to the public
as a genetic counselor. (2) Any physician licensed to practice medicine or osteopathy in this
state. (3) Any individual who is certified by ABMGG as a doctor of philosophy medical geneticist
before December 31, 2018. (4) Any individual employed as a genetic counselor by the federal
government or an agency thereof, if the individual provides genetic counseling services solely
under the direction and control of the organization through which he or she is employed. (5)
A genetic counseling intern enrolled in an ACGC or ABMGG accredited genetic counseling educational
program, if genetic counseling services performed by the...
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27-21A-23
Section 27-21A-23 Statutory construction and relationship to other laws. (a) Except as otherwise
provided in this chapter, provisions of the insurance law and provisions of health care service
plan laws shall not be applicable to any health maintenance organization granted a certificate
of authority under this chapter. This provision shall not apply to an insurer or health care
service plan licensed and regulated pursuant to the insurance law or the health care service
plan laws of this state except with respect to its health maintenance organization activities
authorized and regulated pursuant to this chapter. (b) Solicitation of enrollees by a health
maintenance organization granted a certificate of authority shall not be construed to violate
any provision of law relating to solicitation or advertising by health professionals. (c)
Any health maintenance organization authorized under this chapter shall not be deemed to be
practicing medicine and shall be exempt from the provisions of...
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27-4-8
Section 27-4-8 Annual license fee of life insurers organized to aid nonprofit educational and
scientific institutions. Annuity considerations and premiums received by a life insurer licensed
to transact business in this state and which is organized and operated without profit to any
private shareholder or individual and exclusively for the purpose of aiding nonprofit education
and scientific institutions by issuing insurance or annuity contracts only for the benefit
of such institutions and individuals employed in the services thereof at the time such policy
or contract is issued shall not be subject to the payment of a privilege tax based upon premiums
or annuity considerations under the provisions of this chapter or any other law of this state.
In lieu of such privilege tax upon premiums and annuity considerations, such nonprofit company
shall pay an annual license fee of $5,000.00 to the commissioner for the privilege of transacting
an insurance business in this state. The initial...
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25-12-10
Section 25-12-10 Special inspectors. (a) In addition to the deputy inspectors authorized by
Section 25-12-9, the secretary, upon the request of any company licensed to insure and insuring
in this state boilers and pressure vessels, or upon the request of any company operating pressure
vessels in this state for which the owner or user maintains a regularly established inspection
service which is under the supervision of one or more technically competent individuals whose
qualifications are satisfactory to the department and causes the pressure vessels to be regularly
inspected and rated by the inspection service in accordance with applicable provisions of
the rules and regulations adopted by the department pursuant to Section 25-12-4, shall issue
to each inspector of the insurance company a certificate of competency as a special inspector
and to each inspector of the company operating a pressure vessel a certificate of competency
as owner or user inspectors. Each inspector before...
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34-27C-4
Section 34-27C-4 License application; renewal; fee. (a) Commencing on May 21, 2009, any security
officer, armed security officer, or contract security company providing private security services
in this state shall apply to the board for a license or certification. Any security officer,
armed security officer, or contract security company providing security services in this state
before May 21, 2009, may continue to engage in business operations pending a final determination
by the board, provided such security officer, armed security officer, or contract security
company files an application for license. This chapter shall not abrogate the terms of a contract
existing on May 21, 2009. (b) An application for licensure or certification shall include
all of the following information: (1) The full name, home address, post office box, and actual
street address of the business of the applicant. (2) The name under which the applicant intends
to do business. (3) The full name and address of...
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