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27-43-9
Section 27-43-9 Bond or deposit requirements. (a) To assure the faithful performance of its
obligations in the event of insolvency, each corporation authorized under Section 27-43-8
shall, through the commissioner, deposit and maintain with the Treasurer of the State securities
of the type eligible for deposit by insurers under Section 27-6-3, which securities shall
have at all times a market value as follows: (1) An insurer which has transacted no legal
expense insurance in this state prior to January 1, 1982, shall, prior to the issuance of
its certificate of authority and before receiving any premiums, place in trust with the Treasurer
of the State, through the commissioner an initial amount of $50,000.00; (2) An insurer transacting
a legal expense insurance business in this state prior to January 1, 1982, and having in force
in this state less than $300,000.00 of gross written premiums, membership fees, or similar
charges shall place in trust with the Treasurer of the State,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-43-9.htm - 4K - Match Info - Similar pages
27-4A-2
Section 27-4A-2 Definitions. For the purposes of this chapter only, the following terms, unless
the context clearly indicates otherwise, shall have the meanings: (1) ANNUITY CONSIDERATIONS.
All sums received as consideration for annuity contracts. (2) COMMISSIONER. The Commissioner
of Insurance of the State of Alabama. (3) DEPARTMENT. The Department of Insurance of the State
of Alabama. (4) DOMESTIC INSURER. Any insurer organized under the laws of the State of Alabama
which maintains its principal office and chief place of business in the State of Alabama.
(5) FOREIGN INSURER. Any insurer organized under the laws of any country or of any state of
the United States other than the State of Alabama and any insurer organized under the laws
of Alabama which maintains its principal office or chief place of business outside the State
of Alabama. (6) INSURER. Every insurer as defined in Section 27-1-2, and every other insurance
company or association charging a premium for contracts entered...
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5-2A-24
Section 5-2A-24 Examination of small loan companies; fees. The Superintendent of Banks may
at any reasonable time cause an examination to be made of any small loan company, finance
company, and other individual or person holding any license from the State Banking Department
at the licensee's place of business of the records and transactions of such licensee to determine
compliance with the laws of Alabama. Each licensee shall pay to the State Banking Department
the actual cost of each examination, the amount of which shall be reasonably prescribed under
uniform and equitable rules and regulations promulgated by the Superintendent of Banks. All
such fees shall be paid into the special fund set up by the State Treasurer pursuant to Section
5-2A-20, and used in the supervision and examination of licensees. (Acts 1980, No. 80-444.)...
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22-30D-5
Section 22-30D-5 Alabama Drycleaning Environmental Response Trust Fund. (a) There is hereby
created the Alabama Drycleaning Environmental Response Trust Fund, hereinafter referred to
as the "fund." The fund as so created shall be administered and used by the board
as a drycleaning industry self-insurance program for the benefit of those persons electing
to be covered by this chapter within the time(s) specified in accordance with the provision
of this chapter and as a revolving fund for carrying out the purposes of this chapter. To
the fund shall be credited all registration fees collected by the Department of Revenue, which
monies shall be credited to the fund pursuant to this chapter and invested as permitted by
law by the State Treasurer for the benefit of the fund. Charges against the fund shall be
made in accordance with this chapter. Use of the fund and participation in any remedial program
by an adjacent landowner is voluntary. Nothing in this chapter requires participation by...
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32-5-313
Section 32-5-313 Disposition of funds. All moneys collected pursuant to Section 12-14-14 and
Section 12-19-1, et seq., for disbursement to the State Drivers' Fund shall be forwarded by
the officer of the court who collects the same to the State Treasurer, no less than once a
month and not later than the 15th day of each month. All amounts so received shall be credited
to special funds to be designated the "Driver Education and Training Fund," "Alabama
College System Truck Driver Training Consortium Fund," the "Catastrophic Trust Fund
for Special Education," and the "Alabama Traffic Safety Center Fund," and of
the amounts so received, an amount equal to 21 percent thereof is hereby appropriated to the
State Department of Education for the sole purpose of instituting and conducting a program
of prelicensing driver education and training; an amount equal to 36 percent thereof is hereby
appropriated to the state Department of Postsecondary Education to be distributed equally
to the...
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41-15-12
Section 41-15-12 Appropriation for payment of excess fire or tornado losses; reimbursement.
There is hereby appropriated from the Treasury the sum of $100,000.00 to be available only
in case the loss by fire or tornado in any year shall exceed the premiums collected under
the provisions of this chapter, and then only in such amount as may be required in addition
to the amount of funds on deposit in the State Insurance Fund at the time of said loss for
the payment thereof, less the amounts set aside in this chapter for the purpose of administration
of the provisions of this chapter. The first surplus next thereafter accruing to such fund
shall be used to reimburse the Treasury for any amount which may have been drawn therefrom
under this appropriation. (Acts 1923, No. 593, p. 769; Code 1923, §8546; Acts 1936-37, Ex.
Sess., No. 219, p. 260; Code 1940, T. 28, §324.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-15-12.htm - 1K - Match Info - Similar pages
14-12-4
Section 14-12-4 Payment of costs of operating schools; preparation and consideration of annual
estimate of costs. (a) The total costs of operating the schools authorized by this chapter
shall be borne entirely by the state and shall be paid from the Alabama Special Educational
Trust Fund. (b) Such costs shall be considered annually, upon the recommendation of the State
Department of Education, by the joint interim committee made up of the Ways and Means Committee
of the House and the Finance and Taxation Committee of the Senate. An estimate of costs for
the 1977-78 school year and each succeeding year shall be made to the above mentioned committee
when the budget estimates are presented by the State Department of Education. (Acts 1976,
No. 585, p. 796, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-12-4.htm - 1K - Match Info - Similar pages
22-3A-11
Section 22-3A-11 Sale of bonds. Bonds of the authority (including refunding bonds) may be sold
at such price(s) and at such time(s) as the directors may consider advantageous, either at
public sale through competitive bidding or by private sale through negotiation with the prospective
purchaser. The authority may fix the terms and conditions under which each sale of bonds may
be held. The authority may pay out of the proceeds from the sale of the bonds all expenses,
including, but not limited to, fees, premiums, discounts, insurance premiums and commissions
and letters of credit or other credit enhancement fees, as the directors may deem necessary
or advantageous. Neither a public hearing nor consent by the State Department of Finance or
any other department or agency shall be a prerequisite to the issuance of any of the bonds.
All bonds issued by the authority shall contain a recital that they are issued pursuant to
the provisions of this chapter, which recital shall be conclusive...
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23-1-244
Section 23-1-244 License - Issuance, revocation, and renewal; fees. The director shall have
the sole authority to issue licenses for the establishment, maintenance, and operation of
junkyards within the limits defined in this division, and may revoke said licenses at any
time a junkyard fails to conform to the requirements of this division, and shall charge therefor
a fee of $25.00, payable annually in advance. All licenses issued under this section shall
expire on January 1 following the date of issue. Licenses may be renewed from year to year
upon payment of the requisite fee. Proceeds from such fees shall be deposited with the State
Treasurer for credit to the State Department of Transportation Public Road and Bridge Fund.
(Acts 1967, No. 643, p. 1455, §5.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-244.htm - 1K - Match Info - Similar pages
25-5-8
Section 25-5-8 Employers' options to secure payment of compensation. (a) Option to insure risks.
An employer subject to this chapter may secure the payment of compensation under this chapter
by insuring and keeping insured his or her liability in some insurance corporation, association,
organization, insurance association, corporation, or association formed of employers and workers
or formed by a group of employers to insure the risks under this chapter, operating by mutual
assessment or other plans or otherwise. Notwithstanding the foregoing, the insurance association,
organization, or corporation shall have first had its contract and plan of business approved
in writing by the Commissioner of the Department of Insurance of Alabama and have been authorized
by the Department of Insurance to transact the business of workers' compensation insurance
in this state and under the plan. Notwithstanding any other provision of the law to the contrary,
the obligations of employers under law for...
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