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27-1-24.1
Section 27-1-24.1 Incentives for homeowners insurance policies with wind coverage in
certain areas. (a) Insurance carriers providing full property and casualty coverage, to specifically
include wind and hail coverage, to property owners within the areas defined in Section
27-1-24, including any portion of the area as it may be expanded from time to time pursuant
to Section 27-1-27, but only on properties that as of the time of writing are insured
for wind coverage through the Alabama Insurance Underwriting Association, may claim as a nonrefundable
credit against the insurance premium tax imposed by Chapter 4A of this title, in an amount
equal to 20 percent of the insurance premium tax otherwise due on the premium written for
the property owners for the taxable year in Zones B4, B5, M4, M5, or successor zones; and
35 percent of the insurance premium tax otherwise due on the premium written for the property
owners for the taxable year in Zones Gulf Front, B1, B2, B3, M1, M2, M3, or...
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34-7B-26
Section 34-7B-26 Application and licensure requirements to operate school. (a) Before
being licensed by the board to operate a school, an applicant shall satisfy all of the requirements
of this section. (1) An applicant shall submit to the board all of the following: a.
A bond, in the amount of fifty thousand dollars ($50,000) to protect potential students in
the event of closure. b. Proof of sufficient liability insurance coverage. c. A current financial
statement prepared by a reputable source and, if required by the board, a letter of credit.
d. A list of equipment owned by the school. e. A sample of student contract agreements and
financial forms relating to tuition, grants, and scholarships. f. Furnish affidavits from
an adequate number of prospective students as approved by the board stating their intent to
enroll when the school opens. (2) The applicant, owner, proposed dean, or proper corporate
executive may be required to appear before the board. (3) The applicant shall...
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8-19C-2
Section 8-19C-2 Database of subscribers objecting to telephone solicitations. (a) No
person or entity may make or cause to be made any telephone solicitation to the telephone
line of any residential subscriber in this state who has given notice to the commission of
his or her objection to receiving telephone solicitations. (b)(1) The commission shall establish
and operate a database to compile a list of telephone numbers of residential subscribers who
object to receiving telephone solicitations. The commission shall have the database in operation
before July 1, 2000. (2) The database may be operated by the commission or by another entity
under contract with the commission. (3) Before July 1, 2000, the commission shall promulgate
regulations which shall include all of the following: a. A requirement that each local exchange
company and each competing local exchange carrier shall inform on an annual basis its residential
subscribers of the opportunity to provide notification to the...
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10A-1-8.02
Section 10A-1-8.02 Mergers of entities. (a) A merger of two or more entities, whether
the other entity or entities are the same or another form of entity, may be accomplished as
provided in this section. (1) CORPORATIONS. a. In the case of a corporation, other
than a nonprofit corporation, that is a party to a merger, a plan of merger must be approved
in accordance with the procedures and by the stockholder vote required by Article 11 of Chapter
2A. If the governing documents of the corporation provide for approval of a merger by less
than all of the corporation's stockholders, approval of the merger shall constitute corporate
action subject to appraisal rights pursuant to Article 13 of Chapter 2A, as applicable. No
merger of a corporation into a general or limited partnership may be effected without the
consent in writing of each stockholder who will have personal liability with respect to the
surviving entity, notwithstanding any provision in the governing documents of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-8.02.htm - 17K - Match Info - Similar pages
11-2-7
Section 11-2-7 Discharge of sureties on bonds. Any person or corporation who is surety
upon the official bond of any county official or county employee may discharge himself or
itself of the suretyship upon making sworn application in writing addressed to the official,
county commission, board, or commission required to approve the bonds, setting forth the reason
for requesting discharge. Upon the filing of the application, the official, board, or commission
to whom the application is addressed shall forthwith cause personal written notice to be served
upon the county official or county employee as principal fixing a day not less than 15 nor
more than 30 days after the date of the filing of the application requiring the county official
or county employee to provide a new bond. Upon the failure of the county official or county
employee to provide the bond within the time specified in the notice, he or she vacates his
or her office or employment, and the official, county commission,...
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11-50A-17
Section 11-50A-17 Contracts for use of projects; purchase of electric power; payment
of charges; indemnity; enforcement of performance. (a) Any municipality, if authorized by
resolution or ordinance of its governing body, may contract with the authority for the payment
of any rates, tolls, fees, and other charges prescribed in this section and Section
11-50A-18 by the authority for the output, capacity, use or service by the municipality of
any projects or other resources of the authority or any of its facilities or undertakings.
The obligations to pay the amounts contracted to be paid by the municipality to the authority
under the contract or contracts entered into pursuant to the provisions of this section
shall be treated as expenses of operating the electric distribution system of the municipality
for the payment of which the revenues of the municipality derived from the operation of its
electric distribution system (together with any other revenues that may be lawfully pledged...
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25-5-14
Section 25-5-14 Legislative findings and intent as to actions filed by injured employee
against officers, etc., of same employer. The Legislature finds that actions filed on behalf
of injured employees against officers, directors, agents, servants, or employees of the same
employer seeking to recover damages in excess of amounts received or receivable from the employer
under the workers' compensation statutes of this state and predicated upon claimed negligent
or wanton conduct resulting in injuries arising out of and in the course of employment are
contrary to the intent of the Legislature in adopting a comprehensive workers' compensation
scheme and are producing a debilitating and adverse effect upon efforts to retain existing,
and to attract new industry to this state. Specifically, the existence of such causes of action
places this state at a serious disadvantage in comparison to the existing laws of other states
with whom this state competes in seeking to attract and retain...
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27-34-45
Section 27-34-45 Misrepresentations. No person shall cause or permit to be made, issued,
or circulated in any form: (1) Any misrepresentation or false or misleading statement concerning
the terms, benefits, or advantages of any fraternal insurance contract now issued, or to be
issued, in this state or the financial condition of any society; (2) Any false or misleading
estimate or statement concerning the dividends or shares of surplus paid, or to be paid, by
any society on any insurance contract; or (3) Any incomplete comparison of an insurance contract
of one society with an insurance contract of another society or insurer for the purpose of
inducing the lapse, forfeiture, or surrender of any insurance contract. A comparison of insurance
contracts is incomplete: a. If it does not compare in detail: 1. The gross rates and the gross
rates less any dividend or other reduction allowed at the date of the comparison; and 2. Any
increase in cash values and all the benefits provided by each...
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27-42-11
Section 27-42-11 Settlement and payment of claims; recovery. (a) Any person recovering
under this chapter shall be deemed to have assigned his or her rights under the policy to
the association to the extent of his or her recovery from the association. Every insured or
claimant seeking the protection of this chapter shall cooperate with the association to the
same extent as such person would have been required to cooperate with the insolvent insurer.
The association shall have no cause of action against the insured of the insolvent insurer
for any sums it has paid out except for those causes of action the insolvent insurer would
have had if such sums had been paid by the insolvent insurer and except as provided in subsections
(d), (e), (f), (g), and (h) below. In the case of an insolvent insurer operating on a plan
with assessment liability, payments of claims of the association may not operate to reduce
the liability of insureds to the receiver, liquidator, or statutory successor for...
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32-7-22
Section 32-7-22 Motor vehicle liability policy defined; policy provisions. (a) A motor
vehicle liability policy, as the term is used in this chapter, means an owner's or an operator's
policy of liability insurance, certified as provided in Section 32-7-20 or Section
32-7-21 as proof of financial responsibility, and issued, except as otherwise provided in
Section 32-7-21, by an insurance carrier duly authorized to transact business in this
state, to or for the benefit of the person named in the policy as insured. (b) The owner's
policy of liability insurance: (1) Shall designate by explicit description or by appropriate
reference all motor vehicles to be insured; and (2) Shall insure the person named in the policy
and any other person, as insured, using any motor vehicle or motor vehicles designated in
the policy with the express or implied permission of the named insured, against loss from
the liability imposed by law for damages arising out of the ownership, maintenance, or use
of...
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