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27-3-14
Section 27-3-14 Deposit requirements - Alien insurers - Generally. (a) An alien insurer shall
not have authority to transact insurance in this state unless it has and maintains within
the United States as deposits with trustees, public depositaries or in trust institutions
approved by the commissioner under Section 27-3-15 assets available for discharge of its United
States insurance obligations, which assets shall be in amount not less than the outstanding
liabilities of the insurer arising out of its insurance transactions in the United States
together with the greater of the following sums: (1) The largest deposit required by Section
27-3-11 to be made by foreign insurers transacting like kinds of insurance; or (2) $300,000.00.
(b) Of the amount deposited by an alien insurer, an amount not less than that required under
subdivisions (a)(1) or (a)(2) of this section shall be deposited and maintained on deposit
in cash or securities eligible for deposit under Section 27-6-3 with the...
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36-27-9
Section 36-27-9 Payment of member's and employer's contributions for county engineers by State
Department of Transportation. Membership payments of county engineers eligible for participation
as members of the Employees' Retirement System of Alabama under Section 36-27-4, to the extent
of the State Department of Transportation contribution to the county for the engineer's salary,
shall be made as follows: (1) The State Director of Transportation shall cause to be deducted
from the state's payment to the county for the engineer's salary the member's contribution
and employer's contribution at the rates provided by law and remit the contribution to the
Employees' Retirement System of Alabama in the same manner as for department employees. The
State Department of Transportation shall further contribute to the employing county an amount
equal to the employer's contribution for the county engineer retirement from the same funds
from which state's contribution for salary occurred, said...
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27-41-15
Section 27-41-15 Particular investments - Obligations of American and Canadian institutions
generally. An insurer may invest in secured and unsecured obligations bearing interest at
a fixed rate, with mandatory principal and interest being due at specified times, of any solvent
institution engaged in any lawful business and existing under the laws of the United States
or any state of the United States or Canada or any province thereof if the issuing institution
has not defaulted in the payment of principal and interest on any of its fixed interest obligations
during the five years preceding the date of investment; provided, that the obligations of
an institution which has not been in existence for a period of five years shall be deemed
eligible for investment under this section if the institution has not defaulted in the payment
of principal and interest on any of its fixed obligations during the period of its existence
and if such institution meets the other requisites of this...
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36-29-1
Section 36-29-1 Definitions. When used in this chapter, the following terms shall have the
following meanings, respectively, unless the context clearly indicates otherwise: (1) BOARD.
The State Employees' Insurance Board. (2) CLASS. An employee or retiree shall be included
in one of the following classes: (i) active employee single, (ii) active employee family,
(iii) non-Medicare retiree single, (iv) non-Medicare retiree family, (v) Medicare retiree
single, (vi) Medicare retiree family, (vii) non-Medicare retiree with Medicare eligible dependent(s),
or (viii) Medicare retiree with non-Medicare dependent(s). (3) EMPLOYEE. A person who works
full time for the State of Alabama or for a county health department and who receives his
or her full compensation on a monthly basis through means of a state warrant drawn upon the
State Treasury or by check drawn by the Treasurer of the Alabama State Port Authority or by
check drawn by the treasurer of the Alabama state agency for surplus property...
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8-37-3
Section 8-37-3 (Effective January 1, 2018) GAP waivers authorized; charges; insurance; creditor
requirements. (a) GAP waivers may be offered, sold, or provided to borrowers in this state
under this chapter. (b) GAP waivers, at the option of the creditor that offers the GAP waiver,
may be sold for a single payment or may be offered with a monthly or periodic payment option.
(c) Notwithstanding any other provision of law and subject to Section 8-37-7, any cost to
the borrower for a GAP waiver entered into in compliance with The Truth in Lending Act, 15
U.S.C. §1601 et seq., and its implementing regulations, as they may be amended from time
to time, shall be separately stated and is not to be considered a finance charge or interest.
If the charge for a GAP waiver is financed, the charge shall be separately itemized on the
finance agreement. (d) A retail seller shall insure its GAP waiver obligations under a contractual
liability or other insurance policy issued by an insurer. A creditor,...
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11-51-58
Section 11-51-58 Collection of insolvent taxes; monthly reports, payment and settlement of
same. It shall be the duty of the county tax collector to collect insolvent municipal taxes
and make monthly reports, payment and settlement thereof with the city or town treasurer of
each municipality in the same manner and way and at the same time that he is required to do
in regard to state and county taxes under the provisions of law in regard to state and county
offices. (Acts 1931, No. 300, p. 337; Acts 1939, No. 57, p. 67; Code 1940, T. 37, §715.)...
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2-3A-33
Section 2-3A-33 Alabama Agricultural, Forestry, and Veterinary Medicine Facilities Improvement
Fund. The proceeds derived from the sale of each series of the bonds issued pursuant to Section
2-3A-30 shall be paid into the State Treasury upon receipt thereof, and the State Treasurer
shall keep such proceeds, as well as all income received from the investment and reinvestment
of such proceeds (including income derived from the investment and reinvestment of previously
derived income), in a special fund in the State Treasury, designated "The Alabama Agricultural,
Forestry, and Veterinary Medicine Facilities Improvement Fund," pending the expenditure
of such proceeds and income for the purposes hereinafter authorized and as required by Amendment
618. All proceeds so deposited in the State Treasury shall be continuously invested by the
State Treasurer in investments of the same kind as those in which the State Treasurer is at
the time legally authorized to invest moneys held in the General...
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2-3A-53
Section 2-3A-53 Alabama Agricultural and Textile Technology Facilities Improvement Fund. The
proceeds derived from the sale of each series of the bonds issued pursuant to Section 2-3A-50
shall be paid into the State Treasury upon receipt thereof, and the State Treasurer shall
keep such proceeds, as well as all income received from the investment and reinvestment of
such proceeds (including income derived from the investment and reinvestment of previously
derived income), in a special fund in the State Treasury, designated "The Alabama Agricultural
and Textile Technology Facilities Improvement Fund," pending the expenditure of such
proceeds and income for the purposes hereinafter authorized and as required by Amendment 619.
All proceeds so deposited in the State Treasury shall be continuously invested by the State
Treasurer in investments of the same kind as those in which the State Treasurer is at the
time legally authorized to invest moneys held in the General Fund of the state, and...
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25-4-70
Section 25-4-70 Accrual; time and manner of payment; services in employ of Indian tribe. (a)
After contributions have been due under this chapter for two years, benefits shall become
payable from the fund to any employee who thereafter is or becomes unemployed and eligible
for benefits, and shall be paid through unemployment offices or such other agencies at such
times and in such manner as the secretary may prescribe. (b) Benefits based on service in
employment defined in subdivisions (a)(2) and (a)(3) of Section 25-4-10 shall be payable in
the same amount, on the same terms and subject to the same conditions as compensation payable
on the basis of other service subject to this chapter; except, that: (1) With respect to any
week of unemployment beginning after December 31, 1977, benefits shall not be paid based on
service in an instructional, research, or principal administrative capacity for any educational
institution for any such week commencing during the period between two...
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27-27-10
Section 27-27-10 Solicitation permit - Bond or deposit in lieu thereof; waiver of same. (a)
Except as to proposed domestic insurers which are subject to the requirements of Section 27-27-16,
the commissioner shall not issue a solicitation permit until the applicant therefor has filed
with him 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 proposed Alabama investors in and creditors
of the proposed organization. (b) The bond shall be conditioned upon the payment of costs
incurred by the state in event of any legal proceedings for liquidation or dissolution of
the proposed organization before completion of organization or in event a certificate of authority
is not granted and upon a full accounting for funds received until the proposed insurer has
been granted its certificate of authority or until the proposed corporation, syndicate, organization,
or financing has been completed as defined in the...
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