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27-15-78
Section 27-15-78 Calculations of adjusted premiums by the nonforfeiture net level premium method.
(a) This section shall apply to all policies issued on or after the operative date of this
section as defined herein. Except as provided in subsection (g), the adjusted premiums for
any policy shall be calculated on an annual basis and shall be such uniform percentage of
the respective premiums specified in the policy for each policy year, excluding extra premiums
on a substandard policy and also excluding any uniform annual contract charge or policy fee
specified in the policy in a statement of the method to be used in calculating the cash surrender
values and paid-up nonforfeiture benefits, that the present value, at the date of issue of
the policy, of all adjusted premiums shall be equal to the sum of: (1) The then present value
of the future guaranteed benefits provided for by the policy. (2) One percent of either the
amount of insurance, if the insurance be uniform in amount, or the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-78.htm - 12K - 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
11-85-40
Section 11-85-40 Powers of Alabama Development Office and local, regional, and joint planning
commissions as to comprehensive advisory planning and research; comprehensive advisory planning
defined. (a) To facilitate the solution of urban and regional planning problems and to provide
for comprehensive advisory planning, including transportation planning, for the state and
its cities, counties, urban areas, and regions, the Alabama Development Office, the various
regional planning commissions presently authorized to be created, the various county planning
commissions presently authorized to be created, the various joint planning commissions presently
authorized to be created, municipalities, and the various municipal planning commissions presently
authorized to be created are each and all hereby empowered and authorized, within the respective
geographical areas as to which planning power has heretofore been delegated to such respective
office, commissions, or other agencies to perform...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-85-40.htm - 4K - Match Info - Similar pages
11-89-7
specified in its certificate of incorporation; (2) To sue and be sued in its own name in civil
actions, except as otherwise provided in this chapter, and to defend civil actions against
it; (3) To adopt and make use of a corporate seal and to alter the same at pleasure; (4) To
adopt and alter bylaws for the regulation and conduct of its affairs and business; (5) To
acquire, receive, and take, by purchase, gift, lease, devise, or otherwise, and to hold property
of every description, real, personal, or mixed, whether located in one or more counties
or municipalities and whether located within or outside the service area; (6) To make, enter
into, and execute such contracts, agreements, leases, and other instruments and to take such
other actions as may be necessary or convenient to accomplish any purpose for which the district
was organized or to exercise any power expressly granted under this section; (7) To plan,
establish, develop, acquire, purchase, lease, construct, reconstruct,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-7.htm - 11K - Match Info - Similar pages
11-92B-10
to hold, keep, improve, maintain, and impose restrictive covenants and land use controls, to
engage in environmental remediation and restoration efforts as required under applicable agreements
with the United States Department of Defense, to equip, furnish, develop, and to transfer,
convey, donate, sell, lease, grant options to, assign, encumber with easements and mortgages
and other security agreements, or otherwise convey or dispose of property of every kind and
character, real, personal, mixed, tangible, and intangible, and any interest therein,
to any person, with the authority receiving adequate consideration, as solely determined by
the authority upon the authority's consideration of tangible and intangible factors in determining
if adequate consideration is to be received by the authority. (5) To make, enter into, and
execute such contracts, agreements, cooperative agreements, leases, loan agreements, orders,
mortgages, deeds, and other legal arrangements and to take...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92B-10.htm - 7K - Match Info - Similar pages
16-22-13
Section 16-22-13 Cost-of-living adjustment for certain public education employees; miscellaneous
pay provisions. (a) The state Budget Officer shall allocate to the State Board of Education,
the boards of trustees of the public universities, the Board of Trustees of the Alabama Institute
for Deaf and Blind, the Board of Youth Services School District, the Board of Directors of
the Alabama School of Fine Arts, and the Board of Trustees of the Alabama High School of Mathematics
and Science for disbursement to the employees thereof funds based on the criteria established
in this section. It is not the intent of this section to make appropriations, but the appropriations
required by this section shall be made in the annual budget act for the public schools and
colleges. (1) CERTIFICATED PERSONNEL (K-12). For the fiscal year beginning October 1, 1998,
and each year thereafter, each cell on the State Minimum Salary Schedule contained in the
annual budget act for the public schools shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-22-13.htm - 8K - Match Info - Similar pages
27-12-14
to any tax payable on account of such insurance, nor relieve any insured named in the policy
nor any employee of such insured who knowingly receives or accepts any rebate, discount, abatement,
credit, or reduction of the premium in violation of subsection (b) of this section, of any
penalty otherwise applicable under this title on account of any such violation. (e) No person
in this state shall advertise, offer, or provide free insurance as an inducement to the purchase
or sale of real or personal property or of services, directly or indirectly, connected
with such real or personal property. (1) For the purposes of this subsection, "free
insurance" is insurance for which no identifiable and additional charge is made to the
purchase of such real property or personal property or services or insurance for which
an identifiable or additional charge is made in an amount less than the cost of such insurance
as to the seller or other person, other than the insurer providing the same. (2)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-12-14.htm - 4K - Match Info - Similar pages
36-25A-7
or lease real property shall be disclosed in the public portion of a meeting prior to the execution
of the contract. If an executive session is utilized pursuant to this exception in addition
to the members of the governmental body, only persons representing the interests of the governmental
body in the transaction may be present during the executive session. This real property discussion
exception shall not apply if: a. Any member of the governmental body involved in the transaction
has a personal interest in the transaction and attends or participates in the executive
session concerning the real property. b. A condemnation action has been filed to acquire the
real property involved in the discussion. (7) To discuss preliminary negotiations involving
matters of trade or commerce in which the governmental body is in competition with private
individuals or entities or other governmental bodies in Alabama or in other states or foreign
nations or to discuss matters or information of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-25A-7.htm - 8K - Match Info - Similar pages
41-16-72
Section 41-16-72 Procurement of professional services. Any other provision of law notwithstanding,
the procurement of professional services by any agency, department, board, bureau, commission,
authority, public corporation, or instrumentality of the State of Alabama shall be conducted
through the following selection process: (1)a. Except as otherwise provided herein, attorneys
retained to represent the state in litigation shall be appointed by the Attorney General in
consultation with the Governor from a listing of attorneys maintained by the Attorney General.
All attorneys interested in representing the State of Alabama may apply and shall be included
on the listing. The selection of the attorney or law firm shall be based upon the level of
skill, experience, and expertise required in the litigation and the fees charged by the attorney
or law firm shall be taken into consideration so that the State of Alabama receives the best
representation for the funds paid. Fees shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16-72.htm - 16K - Match Info - Similar pages
5-18-4
as defined by law, nor to any lawful, bona fide pawnbroking business, nor shall this chapter
apply to any person making loans to their tenants engaged in agriculture, nor to loans by
agricultural suppliers to persons whose principal business is farming, nor shall it apply
to agricultural credit corporations or associations organized under an act of the Congress
of the United States, nor shall it apply to the business of financing the purchase of motor
vehicles, refrigerators, or other personal property, nor shall it apply to loans insured
or guaranteed by the United States or any of its agencies. (c) Evasions. The provisions of
subsection (a) of this section shall apply to any person who seeks to evade its application
by any device, subterfuge, or pretense whatsoever including, but not thereby limiting the
generality of the foregoing: The loan, forbearance, use or sale of credit (as guarantor, surety,
endorser, comaker, or otherwise), money, insurance, goods or things in action;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-18-4.htm - 3K - Match Info - Similar pages
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