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27-36A-4
Section 27-36A-4 Actuarial opinion of reserves. (a) Actuarial opinion prior to the operative
date of the valuation manual as defined by Section 27-36A-15. (1) GENERAL. Every life
insurance company doing business in this state shall annually submit the opinion of a qualified
actuary as to whether the reserves and related actuarial items held in support of the policies
and contracts specified by the commissioner by regulation are computed appropriately, are
based on assumptions which satisfy contractual provisions, are consistent with prior reported
amounts, and comply with applicable laws of this state. The commissioner, by regulation, shall
define the specifics of this opinion and add any other items deemed to be necessary to its
scope. (2) ACTUARIAL ANALYSIS OF RESERVES AND ASSETS SUPPORTING RESERVES. a. Every life insurance
company, except as exempted pursuant to regulation, shall also annually include in the opinion
required by subdivision (1) an opinion of the same qualified...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-36A-4.htm - 12K - Match Info - Similar pages
45-36-241.45
Section 45-36-241.45 Assessments. Before any vehicles may be assessed, the revenue commissioner
shall be furnished a bona fide bill of sale or title or title application in the present owner's
name, also, if applicable, tag number and decal number presently on the vehicle, unless vehicle
is new, in which case the revenue commissioner shall be furnished a bona fide bill of sale
or title from the dealer showing when the vehicle was bought new. In the case of a used car
brought into the state from a state which provides that upon sale or transfer of the motor
vehicle the tags are either surrendered to an appropriate authority or subsequently reissued
by the seller, the revenue commissioner shall be furnished a bona fide certificate of title
properly assigned which shows when the car was sold to an individual, firm, corporation, or
association, living or operating in this state. In the case of a used car purchased from an
individual, a bona fide bill of sale or properly assigned title...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-241.45.htm - 2K - Match Info - Similar pages
27-20-5
Section 27-20-5 Blanket disability insurance - Power to issue; filing requirement; mandatory
policy provisions. Any insurer authorized to write disability insurance in this state shall
have the power to issue blanket disability insurance. No such blanket policy may be issued
or delivered in this state unless a copy of the form thereof shall have been filed in accordance
with Section 27-14-8. Every such blanket policy shall contain provisions which, in
the opinion of the commissioner, are at least as favorable to the policyholder and the individual
insured as the following: (1) A provision that the policy, including endorsements and a copy
of the application, if any, of the policyholder and the persons insured shall constitute the
entire contract between the parties, and that any statement made by the policyholder or by
a person insured shall, in absence of fraud, be deemed a representation and not a warranty
and that no such statements shall be used in defense to a claim under the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-20-5.htm - 4K - Match Info - Similar pages
27-7-7
Section 27-7-7 Licenses - Application - Generally; fees. Repealed by Act 2001-702, p.
1509, ยง 6, effective January 1, 2002. (a) The commissioner shall not issue any license except
upon application therefor as in this chapter provided. Each applicant for a license shall
file annually with the commissioner his written application therefor signed by him and showing:
(1) His name, age and place of residence; (2) The kinds of insurance to be transacted under
the license and the insurer or insurers he proposes so to represent; (3) The person, firm
or corporation by whom he expects to be employed or associated with as such licensee and his
status as an officer or representative thereof; (4) Whether he proposes to write or solicit
insurance of his own risks and interest, or those of his relatives, any firm or corporation
in which he is financially interested or connected, directly or indirectly, or of his employer;
(5) A short business history of the applicant and the name and nature of any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-7-7.htm - 4K - Match Info - Similar pages
27-17A-18
Section 27-17A-18 Preneed sales agent. (a) All individuals who offer preneed contracts
to the public, or who execute preneed contracts on behalf of a certificate holder, shall be
registered with the commissioner as preneed sales agents, pursuant to this article. (b) All
preneed sales agents and funeral directors acting as preneed sales agents shall be affiliated
with the certificate holder that they are representing. (c) A certificate holder shall be
responsible for the activities of all preneed sales agents and all funeral directors acting
as preneed sales agents, who are affiliated with the certificate holder and who perform any
type of preneed-related activity on behalf of the certificate holder. In addition to the preneed
sales agents and funeral directors acting as preneed sales agents, each certificate holder
shall also be subject to discipline if its preneed sales agents or funeral directors acting
as preneed sales agents violate any provision of this article. (d) A preneed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-17A-18.htm - 4K - Match Info - Similar pages
27-27-17
Section 27-27-17 Domestic mutual insurers - Solicitation of qualifying applications
for insurance. (a) Upon receipt of the commissioner's approval of the bond or deposit as provided
in Section 27-27-16 the directors and officers of the proposed domestic mutual insurer
may commence solicitation of such requisite applications for insurance policies as they may
accept and may receive deposits of premiums thereon. (b) All such applications shall be in
writing signed by the applicant, covering subjects of insurance resident, located or to be
performed in this state. (c) All such applications shall provide that: (1) Issuance of the
policy is contingent upon the insurer qualifying for and receiving a certificate of authority;
(2) No insurance is in effect unless and until the certificate of authority has been issued;
and (3) The prepaid premium or deposit and membership or policy fee, if any, shall be refunded
in full to the applicant if organization is not completed and the certificate of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-17.htm - 2K - Match Info - Similar pages
27-2B-9
Section 27-2B-9 Confidentiality of reports and plans; information sharing agreements;
publication of RBC levels prohibited; use of reports and plans by commissioner. (a) All RBC
reports, to the extent the information therein is not required to be set forth in a publicly
available annual statement schedule, and RBC plans, including the results or report of any
examination or analysis of an insurer performed pursuant hereto and any corrective order issued
by the commissioner pursuant to examination or analysis, with respect to any domestic insurer
or foreign insurer which are filed with the commissioner constitute information that may be
damaging to the insurer if made available to its competitors and therefore shall be kept confidential
by the commissioner. This information shall not be made public or be subject to subpoena,
other than by the commissioner, and then only for the purpose of enforcement actions taken
by the commissioner pursuant to this chapter or any other provision of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-2B-9.htm - 5K - Match Info - Similar pages
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
27-12A-2
Section 27-12A-2 Insurance fraud - definition. A person commits the crime of insurance
fraud if, knowingly and with intent to defraud, he or she commits, or conceals any material
information concerning, one or more of the following acts: (1) The solicitation or acceptance
of new or renewal insurance risks on behalf of an insurer, reinsurer, or other person engaged
in the transaction of the business of insurance, by a person who knows the insurer, reinsurer,
or other person responsible for the risk is financially unable to pay its claims at the time
of the transaction. (2) The removal, concealment, alteration, or destruction of the assets
or records relating to the transaction of the business of insurance of an insurer, reinsurer,
or other person engaged in the transaction of the business of insurance. This section
does not prohibit an insurer, reinsurer, or other person engaged in the transaction of the
business of insurance from destroying records or documents relating to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-12A-2.htm - 3K - Match Info - Similar pages
2-15-61
Section 2-15-61 Permits required for operation of livestock markets; applications; issuance;
revocation; appeals. (a) No person shall operate a livestock market in the State of Alabama
without first having obtained from the commissioner, as required by this division, an annual
permit therefor. (b) The application for such a permit shall be made upon forms furnished
by the department, which shall be verified by affidavit of the applicant which shall include
all of the following information: (1) The name and address of the applicant or applicants
and, if a corporation, its officers, and if a partnership, the names and addresses of its
partners. (2) The place where applicant proposes to operate a livestock market. (3) A description
of the property and facilities proposed to be used as a livestock market. (4) The kind of
livestock the applicant proposes to handle at the livestock market and the day or days of
the week the applicant proposes to conduct sales. (5) A financial statement of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-15-61.htm - 5K - Match Info - Similar pages
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