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35-12-95
Section 35-12-95 Transitional provisions. (a) An initial report filed under this article for
property that was not required to be reported before May 12, 2004, but which is subject to
this article must include all items of property that would have been presumed abandoned during
the 10-year period next preceding May 12, 2004, as if this article had been in effect during
that period. (b) This article does not relieve a holder of a duty that arose before May 12,
2004, to report, pay, or deliver property. Except as otherwise provided in subsection (b)
of Section 35-12-88, a holder who did not comply with the law in effect before May 12, 2004,
is subject to the applicable provisions for enforcement and penalties which then existed,
which are continued in effect for the purpose of this section. (Act 2004-440, p. 755, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-12-95.htm - 1K - Match Info - Similar pages
32-7-6
Section 32-7-6 Security required; suspensions; applicability. (a) If 20 days after the receipt
of a report of a motor vehicle accident within this state which has resulted in bodily injury
or death, or damage to the property of any one person in excess of five hundred dollars ($500),
the director does not have on file evidence satisfactory that the person who would otherwise
be required to file security under subsection (b) of this section has been released from liability,
or has been finally adjudicated not to be liable, or has executed a duly acknowledged written
agreement or conditional release providing for the payment of an agreed amount in installments
with respect to all claims for injuries or damages resulting from the accident, which agreement
or conditional release may include reasonable interest as set out in Section 32-7-7, the director
shall determine the amount of security which shall be sufficient in his or her judgment to
satisfy any judgment or judgments for damages...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7-6.htm - 5K - Match Info - Similar pages
35-12-89
Section 35-12-89 Requests for reports and examination of records. (a) The Treasurer may require
a person who has not filed a report, or a person who the Treasurer believes has filed an inaccurate,
incomplete, or false report, to file a verified report in a form specified by the Treasurer.
The report must state whether the person is holding property reportable under this article,
describe property not previously reported or as to which the Treasurer has made inquiry, and
specifically identify and state the amounts of property that may be in issue. (b) The Treasurer,
at reasonable times and upon reasonable notice, may examine the records of any person to determine
whether the person has complied with this article. The Treasurer may conduct the examination
even if the person believes it is not in possession of any property that shall be reported,
paid, or delivered under this article. The Treasurer may contract with any other person to
conduct the examination on behalf of the Treasurer....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-12-89.htm - 3K - Match Info - Similar pages
27-6-3
Section 27-6-3 Deposits of insurers - Composition. (a) All such deposits required under Sections
27-3-11, 27-3-12, and 27-3-14 for authority to transact insurance in this state shall consist
of certified checks, or certificates of deposit or any combination of securities, the market
value of which is readily ascertainable, and, if negotiable by delivery or assignment, of
the kinds described below: (1) United States government obligations; (2) State, county, municipal,
and school obligations; (3) Public improvement obligations; (4) Housing authority obligations;
(5) Obligations, stock of certain federal agencies; (6) Canadian governmental obligations;
(7) International banks; (8) Corporate obligations; (9) Equipment trust obligations; and (10)
Railroad leased lines, terminal obligations. (b) All such deposits required of a domestic
insurer pursuant to the laws of another state, province, or country shall be comprised of
securities, if negotiable by delivery or assignment, of the kind,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-6-3.htm - 3K - Match Info - Similar pages
27-6-7
Section 27-6-7 Securities and assets - Power of attorney to sell, etc. In lieu of the assignment,
transfer, or conveyance of securities and assets to the commissioner as provided for in subsection
(a) of Section 27-6-6 and at all events in connection with any deposit heretofore or hereafter
made through the commissioner, the commissioner may require or permit the depositing insurer
to deliver to him a power of attorney, executed by the lawful owner of such securities or
assets, authorizing the commissioner to transfer, sell, or exchange the same for the purposes
of the law under which the same are deposited or held on deposit. The power of attorney shall
specifically describe each of the securities and assets covered thereby and shall not be a
general power of attorney covering all securities and assets on deposit or thereafter deposited.
(Acts 1953, No. 727, p. 981, §1; Acts 1971, No. 407, p. 707, §103.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-6-7.htm - 1K - Match Info - Similar pages
22-32-5
Section 22-32-5 Radiation Safety Fund; licensing and inspection fees; bond of contractor-leasor;
perpetual care fund; operating fund; compact commission fund; royalty fees; appropriation.
(a) There is hereby created a Radiation Safety Fund into which the State Treasurer shall deposit
the licensing, application, and inspection fee of the Radiation Control Agency. The Radiation
Control Agency is authorized to collect for deposit into the Radiation Safety Fund application,
licensing and inspection fees equal to 75 percent of those fees charged by the U.S. Nuclear
Regulatory Commission for issuing similar licenses. This authority applies only to the specific
licenses issued by the Radiation Control Agency. The funds available in the Radiation Safety
Fund are appropriated to the State Health Department for the purpose of Title 22, Chapter
14. The moneys in this fund may be carried over from one fiscal year to the next provided
that any unencumbered funds in excess of $100,000.00 on...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-32-5.htm - 5K - Match Info - Similar pages
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
31-2-14
Section 31-2-14 Bonds of persons responsible for public or military property or public funds.
(a) Persons required to give bond. Any person to whom public or military property is issued
at any time, or to whom any public money is paid or who disburses any such funds, may be required
to give bond in a surety company conditioned faithfully to perform the duties of his office,
in such amounts and under such rules and regulations established by the Adjutant General,
to use all care in the safekeeping of military stores and property committed to his custody,
to account for the same and to deliver to his successor, or to any other person authorized
to receive the same, all such military property and to properly account for all public money
received by him, and for all public money disbursed, the bonds to be approved by the Adjutant
General, and the premiums thereon to be paid by the state; provided, that no person shall
be held liable for loss of public money deposited in any state or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/31-2-14.htm - 2K - Match Info - Similar pages
34-15-1
Section 34-15-1 Definitions. For the purposes of this chapter, the following terms shall have
the meanings respectively ascribed to them by this section: (1) HOTEL. Such term includes
any establishment where sleeping or sleeping and eating accommodations are advertised or held
out to be available to transients, whether such establishment be known as a hotel, apartment
hotel, inn, tavern, club, resort, tourist home, tourist court, motel, court, motor court,
motor lodge, or by other like term and regardless of the number of rooms, suites, or cabins
available, but this term shall not be construed to include apartments, clubs, trailer courts,
boardinghouses, rooming houses, or portions thereof where single night accommodations are
not advertised or held out to be available. (2) SAFE DEPOSITORY. Such term includes a safe,
vault, safety deposit box, or other depository for the safekeeping of valuables. (3) VALUABLES
or VALUABLE ARTICLES. Such term includes money, jewelry, watches, plate or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-15-1.htm - 1K - Match Info - Similar pages
27-27-12
Section 27-27-12 Deposit of solicitation permit funds in escrow - Requirement. (a) All funds
received in Alabama pursuant to a solicitation permit, other than advance premiums for insurance
which are subject to Section 27-27-18, shall, by the permit holder, be deposited and held
in escrow in a bank or trust company located in this state under an agreement approved by
the commissioner. (b) No part of such funds shall be withdrawn from such deposit, except:
(1) For the payment of promotion, sales, and organization expenses as authorized by the solicitation
permit, and funds for such purposes may be withheld from the deposit; (2) For the purpose
of making any deposit with the commissioner required for the issuance of a certificate of
authority to an insurer; (3) If the proposed organization is not to be an insurer, upon completion
of payments on securities subscriptions made under the solicitation permit and deposit or
appropriation of such funds to the purposes specified in the...
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