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27-31A-12
Section 27-31A-12 Duty of producers to obtain license. (a) Risk retention groups. Persons representing
or aiding a risk retention group in the solicitation or negotiation of liability insurance
in this state and the risk retention group with respect thereto shall be subject to Chapters
7 and 8A of this title. (b) Purchasing groups. (1) No person, firm, association, or corporation
shall act or aid in any manner in soliciting, negotiating, or procuring liability insurance
in this state for a purchasing group from an authorized insurer or a risk retention group
chartered in a state unless the person, firm, association, or corporation is licensed as an
insurance producer in accordance with Chapter 7, commencing with Section 27-7-1, of this title.
(2) No person, firm, association, or corporation shall act or aid in any manner in soliciting,
negotiating, or procuring liability insurance coverage in this state for any member of a purchasing
group under a purchasing group's policy unless that...
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27-41-6
Section 27-41-6 Limitations upon investments generally. (a) An insurer shall not have at any
one time any single investment or combination of investments in or loans upon the security
of the obligations, property, or securities of any one person aggregating in cost to the insurer
in excess of the greater of 10 percent of such insurer's assets or the total of its capital
and surplus, as shown in the latest annual report of the insurer filed pursuant to subsection
(a) of Section 27-3-26 of the Alabama Insurance Code, less the minimum capital and surplus
required of said insurer for authority to transact insurance by Sections 27-3-7 and 27-3-8
of the Alabama Insurance Code. The restriction of this subsection shall not apply to evidences
of indebtedness issued, assumed, or guaranteed by the United States of America or any department,
agency, or instrumentality thereof or by any state of the United States. (b) An insurer shall
at all times invest and maintain invested funds in cash and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-41-6.htm - 2K - Match Info - Similar pages
27-42-12
Section 27-42-12 Exhaustion of rights; nonduplication of recovery. (a) Any person having a
claim under an insurance policy, whether or not it is a policy issued by a member insurer,
where the claim under the other policy arises from the same facts, injury, or loss that gave
rise to the covered claim against the association, shall be required first to exhaust all
coverage provided by any such policy. Any amount payable on a covered claim under this chapter
shall be reduced by the full applicable limits stated in the other insurance policy and the
association shall receive a full credit for the stated limits, or, where there are no applicable
stated limits, the claim shall be reduced by the total recovery. Notwithstanding the foregoing,
no person shall be required to exhaust any right under the policy of an insolvent insurer.
(1) A claim under a policy providing liability coverage to a person who may be jointly and
severally liable with, or a joint tortfeasor with, the person covered...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-42-12.htm - 2K - Match Info - Similar pages
32-7A-17
Section 32-7A-17 Reinstatement of suspended registration; verification by license plate issuing
officials. (a) License plate issuing officials shall not register or re-register a motor vehicle
or transfer the license plates if the registration is suspended pursuant to Section 32-7A-12.
(b) Notwithstanding subsection (a), upon the request of the registrant, the license plate
issuing official shall reinstate a registrant's suspended registration at such time the registrant
meets the provisions of reinstatement provided for by this chapter. (c) No vehicle registration
or renewal thereof shall be issued to any motor vehicle unless the license plate issuing official
receives satisfactory evidence of insurance or verification of motor vehicle liability insurance
through the online insurance verification system, liability insurance bond, or deposit of
cash that provides the minimum motor vehicle insurance coverage required by Section 32-7-6
or is exempted under Section 32-7A-5. Verification...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7A-17.htm - 2K - Match Info - Similar pages
38-15-7
Section 38-15-7 Quarterly inspections; information provided to department; information provided
to parents, guardians, etc. (a) All youth residential facilities and organizations under this
section shall be subject to a quarterly inspection by the department or its designee at a
minimum and shall be responsible for providing necessary information as determined by the
department to ensure the safety and welfare of residents. All youth residential facilities
and organizations under this chapter shall provide at a minimum the following to the department
upon request: (1) The names of all children currently enrolled, registered, or housed at the
facility or program. (2) The names of all personnel currently employed or contracted for employment
for or at the facility, institution, or program. (3) The plan of operation, all written policies,
procedures, and standard practices. (4) The child-to-staff ratios. (5) The staff qualifications
and proof of training. (6) Proof of the implementation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/38-15-7.htm - 3K - Match Info - Similar pages
27-27-16
Section 27-27-16 Domestic mutual insurers - Bond or deposit in lieu thereof. (a) Before soliciting
any applications for insurance required under Section 27-27-15, as qualification for the original
certificate of authority, the incorporators of the proposed mutual insurer shall file with
the commissioner a corporate surety bond in the penalty of $15,000.00 in favor of the State
of Alabama and for the use and benefit of the state and of applicant members and creditors
of the corporation. The bond shall be conditioned as follows: (1) Upon payment of any loss
suffered by applicants who have cancelled or lapsed existing insurance policies due to misrepresentation
by the incorporators or by persons soliciting such applications under authorization by the
corporation, to the effect that the making of such application for insurance and prepayment
of premiums in such proposed insurer provides insurance protection prior to issuance of a
certificate of authority to such insurer by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-16.htm - 2K - Match Info - Similar pages
27-7-14.1
Section 27-7-14.1 Licenses - Lines of authority; renewal. (a) Unless denied licensure pursuant
to Section 27-7-19, persons who have met the requirements of Sections 27-7-4.3 and 27-7-5
shall be issued an insurance producer license. An insurance producer may receive qualification
for a license in one or more of the following lines of authority: (1) LIFE. Insurance coverage
on human lives including benefits of endowment and annuities, and may include benefits in
the event of death or dismemberment by accident and benefits for disability income. (2) ACCIDENT
AND HEALTH OR SICKNESS, commonly known as disability. Insurance coverage for sickness, bodily
injury, or accidental death and may include benefits for disability income. (3) PROPERTY.
Insurance coverage for the direct or consequential loss or damage to property of every kind.
(4) CASUALTY. Insurance coverage against legal liability, including that for death, injury,
or disability or damage to real or personal property, and surety. (5)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-7-14.1.htm - 4K - Match Info - Similar pages
2-27-56
Section 2-27-56 Surety bond or liability insurance. Each applicant for a license to perform
the custom application of pesticides shall, before a license is issued to him, furnish and
file with the commissioner a surety bond in which the State of Alabama is named as obligee
in the sum of $3,000.00 for each applicant operating ground equipment or not more than two
aircraft. Where an applicant operates more than two aircraft, the amount of the bond required
to be furnished shall be increased by the sum of $3,000.00 for each additional aircraft, provided
the total amount of any bond required under this section shall not exceed the sum of $12,000.00.
The bond shall be conditioned for the protection of, and that the licensee will answer in
damages to, persons who may suffer legal damages as a result of licensee's custom application
of pesticides or drift to plants, animals or property or by failure of licensee to comply
with any of the requirements of this article, and rules and regulations...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-27-56.htm - 2K - Match Info - Similar pages
27-12A-20
Section 27-12A-20 Fraud warning. (a) A fraud warning shall be included on at least one of the
following: Claim release forms, applications, reinstatements for insurance, participation
agreements, declaration pages, and claim documents, regardless of the method or form of transmission
and shall contain the following statement or a substantially similar statement: "Any
person who knowingly presents a false or fraudulent claim for payment of a loss or benefit
or who knowingly presents false information in an application for insurance is guilty of a
crime and may be subject to restitution, fines, or confinement in prison, or any combination
thereof." (b) The lack of a statement required by subsection (a) shall not constitute
a defense in any prosecution for insurance fraud. (c) Policies issued by unauthorized insurers
shall contain a statement disclosing the status of the insurer to do business in the state
where the policy is delivered or issued for delivery or the state where coverage is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-12A-20.htm - 2K - Match Info - Similar pages
27-26-5
Section 27-26-5 Reports of judgments and settlements; confidentiality; penalty. (a) Any insurance
company which sells medical liability insurance to Alabama physicians or their professional
corporations or professional associations, or to hospitals or other health care providers
shall be required to report to the state licensing agency which issues the license of the
physician, hospital, or other health care provider any final judgment or any settlement in
or out of court resulting from a claim or action for damages for personal injuries caused
by an error, omission, or negligence in the performance of professional services with or without
consent rendered by its policyholder within 30 days after entry of a judgment in court or
agreement to settle a claim in or out of court. (b) The report rendered to the appropriate
state agency shall consist of the name of the policyholder, or if the policyholder is a professional
corporation or professional association, the name of the physician or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-26-5.htm - 2K - Match Info - Similar pages
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