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27-10-2
Section 27-10-2 Liability of persons violating Section 27-10-1; liability of adjusters. (a)
Any person who in this state willfully represents or aids an unauthorized insurer in violation
of Section 27-10-1 shall, in addition to any other applicable penalty, be liable for the full
amount of any loss sustained by the insured under any such contract and for the amount of
any premium taxes which may be payable under Section 27-10-35 by reason of such contract.
(b) Any adjuster who, directly or indirectly, enters into an investigation or adjustment of
any loss arising under a contract of insurance or annuity issued by an unauthorized insurer
and covering at time of issuance a subject of insurance resident, located or to be performed
in this state shall be liable for the full amount of any loss suffered by the insured under
such contract. The commissioner may, after hearing, revoke the license of such an adjuster.
This subsection does not apply as to surplus lines contracts lawfully written...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-10-2.htm - 1K - Match Info - Similar pages
11-65-16
the license; (6) If a trust or custodianship, then at least 50 percent of the corpus of such
trust or custodianship is situated in the state and the trustee or custodian of such property
has a substantial presence in the state under any of the standards set forth in this subsection
(b); or (7) If an estate, then such estate is the estate of a person described in subdivision
(b)(1), or at least 50 percent of the property of such estate consists of real estate located
in the state or tangible personal property which has been located within the state
for at least 12 consecutive months prior to the date of application for the license. (c) The
provisions of this section which permit a horse racing facility license to be granted only
if more than 50 percent of both the ownership interest and the voting interest in the licensee
is owned, directly or indirectly, by persons who have a substantial presence in the state
shall not be construed (1) to impair the foreclosure rights of any mortgagee...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-65-16.htm - 6K - Match Info - Similar pages
27-28-2
Section 27-28-2 Plan for exchange of stock, etc., between domestic stock insurer and holding
company - Procedure for exchange. A plan of exchange shall be adopted and become effective
in the following manner: (1) APPROVAL OF THE BOARDS OF DIRECTORS. - The boards of directors
of each corporate party to the plan of exchange by resolution shall adopt the plan of exchange
which shall set forth the terms and conditions of the exchange and the mode of carrying the
same into effect and such other provisions with respect to the exchange as may be deemed necessary
or desirable. (2) APPROVAL OF COMMISSIONER. - Every plan of exchange, before being submitted
to vote of the stockholders pursuant to subdivision (3) of this section, shall be submitted
for approval to the commissioner in accordance with the following procedure: a. After the
approval required by subdivision (1) of this section is obtained, the domestic company shall
submit to the commissioner three copies of the plan of exchange and...
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34-13-56
Section 34-13-56 Grounds for revocation, suspension, or refusal to issue or renew licenses,
etc.; hearing; fines. (a) The board may refuse to license any person or establishment for
violation of this chapter. If the board refuses to issue, grant, or renew a license based
on a violation of this chapter, including, but not limited to, violations listed in subsection
(c), the licensee or prospective licensee may request a public hearing before the board to
appeal the action of the board. The request for a public hearing shall be submitted to the
board in writing within 14 calendar days after the date of the refusal. Upon request, the
board shall provide the licensee or prospective licensee with 20 days' notice of the public
hearing by United States certified mail. The public hearing shall be conducted pursuant to
Section 34-13-26. (b) A public hearing conducted pursuant to Section 34-13-26 shall be provided
by the board to any licensee for whom the board is considering the probation,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-13-56.htm - 8K - Match Info - Similar pages
34-1A-3
Section 34-1A-3 Powers of board. The board shall have all of the following powers: (1) License
and regulate persons and business entities who hold themselves out as engaging in the business
of alarm system, CCTV, or electronic access control system installation or service, as a locksmith,
or as an alarm monitoring company. (2) Establish the qualifications for licensure to ensure
competency and integrity to engage in these businesses and allow graduates of technical school
or community college programs in related fields to qualify. Qualifications for licensure shall
include the requirement that the applicant is a United States citizen or legally present in
this state. (3) Examine, or cause to be examined, the qualifications of each applicant for
licensure including the preparation, administration, and grading of examinations, and when
necessary, requiring the applicant to supply a board approved criminal background check. A
nonresident who is not physically working in the state, located...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-1A-3.htm - 5K - Match Info - Similar pages
5-19-22
Section 5-19-22 License to engage in business of making consumer loans or taking assignments
of consumer credit contracts - Required; exceptions; application; investigation; standards
for issuance; hearing; licensing under Small Loan Act; fees; participation in Nationwide Mortgage
Licensing System and Registry. (a) No creditor shall engage in any one or more of the following
activities without first having obtained a license from the administrator: (1) Making consumer
loans to Alabama residents, regardless of whether the creditor has a place of business in
Alabama or an employee residing in Alabama. (2) Making consumer loans originated by an individual
required to be licensed as a mortgage loan originator under the Alabama Secure and Fair Enforcement
for Mortgage Licensing Act of 2009. (3) Taking assignments of consumer credit contracts, either
from a place of business in Alabama or through use of an employee residing in Alabama whose
employment includes taking assignments of consumer...
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11-65-19
the license; (6) If a trust or custodianship, then at least 50 percent of the corpus of such
trust or custodianship is situated in the state and the trustee or custodian of such property
has a substantial presence in the state under any of the standards set forth in this subsection
(b); or (7) If an estate, then such estate is the estate of a person described in subdivision
(b)(1), or at least 50 percent of the property of such estate consists of real estate located
in the state or tangible personal property which has been located within the state
for at least 12 consecutive months prior to the date of application for the license. (c) The
provisions of this section which permit an operator's license to be granted only if more than
50 percent of both the ownership interest and the voting interest in the licensee is owned,
directly or indirectly, by persons who have a substantial presence in the state shall not
be construed (i) to impair the foreclosure rights of any mortgagee holding a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-65-19.htm - 8K - Match Info - Similar pages
27-44-5
territories, or protectorates that do not have an association similar to the association created
by this chapter, shall be deemed residents of the state of domicile of the insurer that issued
the policies or contracts. (19) STATE. A state, the District of Columbia, Puerto Rico, and
a United States possession, territory, or protectorate. (20) STRUCTURED SETTLEMENT ANNUITY.
An annuity purchased in order to fund periodic payments for a plaintiff or other claimant
in payment for or with respect to personal injury suffered by the plaintiff
or other claimant. (21) SUPPLEMENTAL CONTRACT. A written agreement entered into for the distribution
of proceeds under a life, disability, or annuity policy or contract. (22) UNALLOCATED ANNUITY
CONTRACT. An annuity contract or group annuity certificate which is not issued to and owned
by an individual, except to the extent of any annuity benefits guaranteed to an individual
by an insurer under the contract or certificate. (Acts 1982, No. 82-561, p. 922,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-44-5.htm - 7K - Match Info - Similar pages
34-8-2
Section 34-8-2 Licensure and classification of contractors. (a) Any person desiring to be licensed
or desiring a renewal of an existing license as a general contractor in this state shall be
a citizen of the United States or, if not a citizen of the United States, a person who is
legally present in the United States with appropriate documentation from the federal government,
and shall make and file with the board, not less than 30 days prior to any regular meeting
thereof, a written application on a form as prescribed for examination by the board and the
application shall be accompanied by three hundred dollars ($300) for a new application or
two hundred dollars ($200) in case of a renewal. If a licensee fails to renew his or her license
within 90 days following expiration of the previous license, a late penalty of fifty dollars
($50) shall be collected, upon renewal, in addition to the renewal fee. The applicant shall
apply for a license covering the type or types of contracts on...
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34-27-32
Section 34-27-32 Requirements for license; application; place of business; branch offices;
multiple brokers; fees. (a) A license for a broker or a salesperson shall be registered to
a specific real estate office and shall be issued only to, and held only by, a person who
meets all of the following requirements: (1) Is trustworthy and competent to transact the
business of a broker or salesperson in a manner that safeguards the interest of the public.
(2) Is a person whose application for real estate licensure has not been rejected in any state
on any grounds other than failure to pass a written examination within the two years prior
to the application for real estate licensure with Alabama. If the applicant's rejection for
real estate licensure in any state is more than two years from the date of application for
licensure with Alabama, then the applicant may not be issued an Alabama real estate license
without the approval of the commissioners. (3) Is a person whose real estate license...
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