|
27-36-1
Section 27-36-1 Liabilities generally. In any determination of the financial condition of an
insurer, capital stock and liabilities to be charged against its assets shall include: (1)
The amount of its capital stock outstanding, if any; (2) The amount, estimated consistent
with the provisions of this title, necessary to pay all of its unpaid losses and claims incurred
on or prior to the date of statement, whether reported or unreported, together with the expenses
of adjustment or settlement thereof; (3) With reference to life and disability insurance and
annuity contracts: a. The amount of reserves on life insurance policies and annuity contracts
in force, valued according to the tables of mortality, rates of interest, and methods adopted
pursuant to this title which are applicable thereto; b. Reserves for disability benefits,
for both active and disabled lives; c. Reserves for accidental death benefits; and d. Any
additional reserves which may be required by the commissioner...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-36-1.htm - 2K - Match Info - Similar pages
27-7-5.1
Section 27-7-5.1 Licenses - Limited license for motor vehicle rental companies. (a) As used
in this section, the following terms shall have the following meanings: (1) RENTAL AGREEMENT.
Any written agreement setting forth the terms and conditions governing the use of a vehicle
provided by the rental company for rental or lease. (2) RENTAL COMPANY. Any person or entity
in the business of providing rental vehicles to the public under a rental agreement for a
period not to exceed 90 days. (3) RENTAL PERIOD. The term of the rental agreement. (4) RENTER.
Any person obtaining the use of a vehicle from a rental company under the terms of a rental
agreement for a period not to exceed 90 days. (5) VEHICLE OR RENTAL VEHICLE. A motor vehicle
of the private passenger type (including passenger vans, minivans, and sport utility vehicles)
and of the cargo type (including cargo vans, pickup trucks, and trucks with gross vehicle
weight of less than 26,000 pounds, which do not require the operator to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-7-5.1.htm - 6K - Match Info - Similar pages
40-14B-22
Section 40-14B-22 Allocation of additional tax credits. (a) Subject to, and in accordance with,
this chapter, there shall be a second allocation of premium tax credits to investors who contribute
certified capital after June 14, 2007, to certified capital companies in an amount equal to
the total pool of tax credits allocated pursuant to this chapter prior to June 14, 2007. Any
limitations on the amount of certified capital that may be requested by a certified investor
contained in this chapter shall be calculated with respect to this allocation without regard
to any certified capital requested or invested by such investor prior to June 14, 2007. The
Alabama Development Office shall promulgate rules to insure the certified capital program
shall be inclusive and reflect the racial, gender, geographic, urban/rural, and economic diversity
of the state. (b) A certified investor who contributes certified capital in connection with
the second allocation may take up to a maximum of five...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-14B-22.htm - 2K - Match Info - Similar pages
12-15-109
Section 12-15-109 Issuance of orders to parents for payment of court costs, fees of attorneys,
and expenses for support, treatment of children under the jurisdiction of the juvenile court
pursuant to this chapter; manner of payment; proceedings upon failure of parents to pay amounts
directed. If, after making a parent, or other person legally obligated to care for and support
a child, a party to the action pursuant to this chapter and the Alabama Rules of Juvenile
Procedure and after a hearing, the juvenile court finds that the parent or other person is
financially able to pay all or part of the court costs, as provided by law, attorney fees,
and expenses with respect to examination, treatment, care, detention, or support of the child
incurred from the commencement of the proceeding in carrying out this chapter, the juvenile
court shall order them to pay the same and may prescribe the manner of payment. Unless otherwise
ordered, payment shall be made to the clerk of the juvenile court...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-15-109.htm - 2K - 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
27-29-1
Section 27-29-1 Definitions. For purposes of this chapter, unless otherwise stated, the following
terms shall have the meanings respectively ascribed to them by this section: (1) AFFILIATE.
The term shall include an affiliate of, or person affiliated with, a specific person, and
shall mean a person that directly, or indirectly through one or more intermediaries, controls,
or is controlled by, or is under common control with, the person specified. (2) COMMISSIONER.
The Commissioner of Insurance, his or her deputies, or the Insurance Department as appropriate.
(3) CONTROL. The term shall include controlling, controlled by, or under common control with
and shall mean the possession, direct or indirect, of the power to direct or cause the direction
of the management and policies of a person, whether through the ownership of voting securities,
by contract other than a commercial contract for goods or nonmanagement services, or otherwise,
unless the power is the result of an official...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-29-1.htm - 5K - Match Info - Similar pages
27-32-1
Section 27-32-1 Definitions. For the purposes of this chapter, the following terms shall have
the meanings respectively ascribed to them by this section: (1) IMPAIRMENT or INSOLVENCY.
The capital of a stock insurer, the net assets of a Lloyd's plan insurer or the surplus of
a mutual or reciprocal insurer shall be deemed to be impaired and the insurer shall be deemed
to be insolvent when such insurer is not possessed of assets at least equal to all liabilities
and required reserves, together with its total issued and outstanding capital stock, if a
stock insurer, or the minimum surplus, if a Lloyd's plan, mutual or reciprocal insurer, required
by this title to be maintained for the kind or kinds of insurance it is then authorized to
transact. (2) INSURER. Any person, firm, corporation, association, or aggregation of persons
doing an insurance business and subject to the insurance supervisory authority of, or to liquidation,
rehabilitation, reorganization, or conservation by, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-32-1.htm - 4K - Match Info - Similar pages
45-4-244.20
Section 45-4-244.20 County sales tax to parallel state tax; exemptions; collection and disposition
of funds; enforcement. (a) All words, terms, and phrases that are defined in Article 1 of
Chapter 23 of Title 40 shall, where used in this section have the meanings respectively ascribed
to them in Article 1 except where the context herein clearly indicates a different meaning.
In addition, the following words, terms, and phrases where used in this section shall have
the following respective meanings except where the context clearly indicates a different meaning:
(1) STATE SALES TAX STATUTES. Article 1 of Chapter 23 of Title 40, which levies a retail sales
tax for state purposes, and includes all statutes, heretofore enacted, which expressly set
forth any exemptions from the computation of the tax levied in Article 1 and all other statutes
heretofore enacted which expressly apply to, or purport to affect, the administration of Article
1 and the incidence and collection of the tax imposed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-4-244.20.htm - 14K - Match Info - Similar pages
5-26-3
Section 5-26-3 Definitions. For purposes of this chapter, the following definitions shall apply:
(1) DEPOSITORY INSTITUTION. The term "depository institution" has the same meaning
as in Section 3 of the Federal Deposit Insurance Act, and includes any credit union. (2) FEDERAL
BANKING AGENCIES. The term "federal banking agencies" means the Board of Governors
of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office
of Thrift Supervision, the National Credit Union Administration, and the Federal Deposit Insurance
Corporation. (3) IMMEDIATE FAMILY MEMBER. The term "immediate family member" means
a spouse, child, sibling, parent, grandparent, or grandchild. This includes stepparents, stepchildren,
stepsiblings, and adoptive relationships. (4) INDIVIDUAL. The term "individual"
means a natural person. (5) LOAN PROCESSOR OR UNDERWRITER. (a) In General. The term "loan
processor or underwriter" means an individual who performs clerical or support duties
as an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-26-3.htm - 7K - Match Info - Similar pages
27-22A-7
Section 27-22A-7 Application for license and fees. (a) A sworn application for a license under
this chapter shall be made to and filed with the department on forms prescribed and furnished
by the commissioner. (b) The application shall provide all of the following: (1) The name,
residence address, and other information required by the commissioner for an employee or officer
of the vendor that is designated by the applicant as the person responsible for the vendor's
compliance with the requirements of this chapter. However, if the vendor derives more than
50 percent of its revenue from the sale of portable electronics insurance the information
noted above shall be provided for all officers, directors, and shareholders of record having
beneficial ownership of 10 percent or more of any class of securities registered under the
federal securities law. (2) The location of the applicant's home office. (c) Any vendor engaging
in portable electronics insurance transactions on or before January...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-22A-7.htm - 2K - Match Info - Similar pages
|