27-21A-27
Section 27-21A-27 Acquisition of control of or merger of a health maintenance organization.
No person may make a tender for or a request or invitation for tenders of, or enter into an
agreement to exchange securities for or acquire in the open market or otherwise, any voting
security of a health maintenance organization or enter into any other agreement if, after
the consummation thereof, that person would, directly or indirectly, (or by conversion or
by exercise of any right to acquire) be in control of the health maintenance organization,
and no person may enter into an agreement to merge or consolidate with or otherwise to acquire
control of a health maintenance organization, unless at the time any offer, request, or invitation
is made or any agreement is entered into, or prior to the acquisition of the securities if
no offer or agreement is involved, the person has filed with the commissioner and has sent
to the health maintenance organization, information required by Section...
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34-27-69
Section 34-27-69 Surety bond; suspension, etc., of license for violation of article; reinstatement;
relicensure; board must be notified of initiation, etc., of legal action. (a) Every applicant
for a license under this article, either original or renewal, shall furnish a surety bond
payable to the State of Alabama in the amount of $5,000 if a time-sharing salesman or $10,000
if a broker, with a surety company authorized to do business in Alabama, which bond shall
provide that the obligor therein will pay up to $5,000 or $10,000, respectively, the aggregate
sum of all judgments which may be recovered against such licensee for actual loss or damage
arising from his or her activities conducted under this article. Said bond shall be filed
with the Alabama Real Estate Commission prior to the issuance of such license. A new bond
or a renewal or continuation of the original bond shall be required for each licensing period.
If a continuous bond is filed with the commission prior to the...
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11-50-323
Section 11-50-323 Construction of article; jurisdiction, etc., of State Board of Health and
state Public Service Commission. Neither this article nor any provision contained in this
article shall be construed as a restriction or limitation upon any power, right, or remedy
which any corporation organized under Sections 11-50-230 through 11-50-241, as amended, or
organized or the certificate of incorporation of which is amended under the provisions of
this article may have in the absence thereof, but shall be construed as cumulative and independent
of any such power, right, or remedy. No proceedings, notice, or approval shall be required
for the incorporation of such corporation or the amendment of its articles of incorporation,
the acquisition of any property or systems or the making of any loans or the issuance of bonds
or instruments in evidence thereof or as security therefor, except as prescribed in this article,
any other law to the contrary notwithstanding; provided, however, that...
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19-4-2
Section 19-4-2 Deposit of securities authorized; merger, etc., of certificates representing
securities; transfer of ownership, etc., of securities; maintenance of records by fiduciary;
rules and regulations governing banks acting as fiduciaries; certification by fiduciary of
securities deposited. (a) Notwithstanding any other provision of law to the contrary, any
fiduciary holding securities in a fiduciary capacity is authorized, in the absence of specific
provision to the contrary in the governing instrument or court order under which the fiduciary
is acting, to deposit or arrange for the deposit of such securities in a clearing corporation.
(b) When such securities are so deposited, certificates representing securities of the same
class of the same issuer may be merged and held in bulk in the name of the nominee of such
clearing corporation with any other such securities deposited in such clearing corporation
by any person regardless of the ownership of securities and certificates of...
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27-31B-22
Section 27-31B-22 Protected cell captive insurance companies. (a) One or more sponsors may
form a protected cell captive insurance company under this chapter. (b) A protected cell captive
insurance company formed or licensed under this chapter may establish and maintain one or
more protected cells to insure risks of one or more participants, subject to all of the following
conditions: (1) Each protected cell shall be accounted for separately on the books and records
of the protected cell captive insurance company to reflect the financial condition and results
of operations of the protected cell, net income or loss, dividends or other distributions
to participants, and other factors as may be provided in the participant contract or required
by the commissioner. (2) The assets of a protected cell shall not be chargeable with liabilities
arising out of any other insurance business the protected cell captive insurance company may
conduct. (3) No sale, exchange, or other transfer of assets...
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27-6-15
Section 27-6-15 Release of deposit - Generally. (a) All deposits in this state made under this
title shall be held on deposit as long as there is outstanding any liability of the insurer
with respect to which the deposit was made. (b) Any such deposit shall be released and returned:
(1) To the insurer upon extinguishment by reinsurance in an insurer authorized to transact
such insurance in this state, or otherwise, of all liability of the insurer for the security
of which the deposit is held; (2) To the insurer during solvency, to the extent such deposit
is in excess of the amount required; or (3) Upon proper order of a court of competent jurisdiction,
to the receiver, conservator, rehabilitator, or liquidator of the insurer or to any other
properly designated official, or officials, who succeed to the management and control of the
insurer's assets. (c) The Treasurer shall release any such deposit, or part thereof, upon
written authorization of the commissioner and of the insurer or...
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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,...
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32-7A-5
Section 32-7A-5 Exceptions. This chapter shall not apply to any of the following vehicles or
operators: (1) Trailers as defined in Section 40-12-240, including, but not limited to, semitrailers,
travel trailers, boat trailers, pole trailers, and utility trailers. (2) Motor vehicles owned
and operated by the United States or any agency thereof, the State of Alabama, or any political
or governmental subdivision thereof. (3) Any motor vehicle which is subject to the supervision
and regulation of the Federal Motor Carrier Safety Administration or the Alabama Public Service
Commission and for which the owner and/or operator has filed evidence of financial responsibility,
the liability under which is not less than that required of the operator of a motor vehicle
under the terms of this chapter. (4) Motor vehicles covered by a certificate of self-insurance
issued by the director under the provisions of Section 32-7-34. (5) Other motor vehicles complying
with laws which require the vehicles to...
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34-11-14
Section 34-11-14 Persons and acts exempt from chapter. This chapter shall not be construed
to prevent or to affect any of the following: (1) The practice of any other legally recognized
profession or trade. (2) The work of an engineer intern or land surveyor intern, employee,
or a subordinate of any person holding a certificate of licensure under this chapter, or any
employee of a person practicing lawfully under paragraph b of subdivision (1) of Section 34-11-4,
provided the work does not include final engineering or land surveying designs or decisions
and is done under the responsible charge of and verified by an individual holding a certificate
of licensure under this chapter. (3) The practice of officers and employees of the government
of the United States while engaged within this state in the practice of engineering or land
surveying for the government. This exception does not extend to any engineer or land surveyor
engaged in the practice of professional engineering or land...
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11-50-241
Section 11-50-241 Construction of division; jurisdiction, etc., of State Board of Health and
state Public Service Commission. (a) Neither this division nor anything contained in this
division shall be construed as a restriction or limitation upon any power, right, or remedy
which any corporation now in existence or hereafter formed may have in the absence thereof,
but shall be construed as cumulative and independent of any such power, right or remedy. No
proceedings, notice, or approval shall be required for the incorporation of such corporation,
the acquisition of any property, or the making of any loans or issuance of instruments in
evidence thereof or as security therefor, except as prescribed in this division, any other
law to the contrary notwithstanding; provided, however, that nothing in this division shall
be construed to suspend the jurisdiction of the State Board of Health as may be otherwise
provided by law. (b) Any corporation organized under the provisions of this division...
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