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39-1-1
Section 39-1-1 Bonds required of persons contracting for public works; commencement,
etc., of actions upon bond by persons supplying labor, etc., to contractor; offer to accept
judgment; notice of completion of project by contractor and final settlement; applicability.
(a) Any person entering into a contract with an awarding authority in this state for the prosecution
of any public works shall, before commencing the work, execute a performance bond, with penalty
equal to 100 percent of the amount of the contract price. In addition, another bond, payable
to the awarding authority letting the contract, shall be executed in an amount not less than
50 percent of the contract price, with the obligation that the contractor or contractors shall
promptly make payments to all persons supplying labor, materials, or supplies for or in the
prosecution of the work provided in the contract and for the payment of reasonable attorneys'
fees incurred by successful claimants or plaintiffs in civil...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-1-1.htm - 6K - Match Info - Similar pages
2-31-6
Section 2-31-6 Fire and extended coverage insurance required; certificate filed with
commissioner; cancellation. Before a license shall be issued to the applicant, he shall file
with the commissioner a certificate which shall indicate that he has a fire and extended coverage
insurance policy in effect and in amount that shall cover the grain of all depositors while
in his custody for the full insurance values against loss or damage by fire, lightning, tornado,
cyclones, explosions, windstorms, and such other perils as may be required by statute or the
commissioner. The name and address of the operator and location of each person in the insurance
policy shall correspond with the same in the application. Every fire and extended coverage
insurance policy so filed shall contain a provision that it may not be cancelled by the principal
or insurance company, except on 90 days prior notice in writing, by certified mail, to the
commissioner mailed on the same day to the principal. The...
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27-14-19.1
Section 27-14-19.1 Electronic delivery of property or casualty insurance policy. (a)
As used in this section, each of the following words shall have the following meanings:
(1) DELIVERED BY ELECTRONIC MEANS or ELECTRONIC DELIVERY. Any of the following: a. Delivery
to an electronic mail address at which a party has consented to receive notices or documents.
b. Posting on an electronic network or site accessible via the Internet, mobile application,
computer, mobile device, tablet, or any other electronic device, together with separate notice
of the posting which shall be provided 1. by electronic mail to the address at which the party
has consented to receive notice or 2. by any other delivery method that has been consented
to by the party. (2) PARTY. A recipient of any notice or document required as part of an insurance
transaction, including, but not limited to, an applicant, an insured, a policyholder, or an
annuity contract holder. (b) Subject to the requirements of this section,...
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27-42-5
Section 27-42-5 Definitions. As used in this chapter, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
ACCOUNT. Any one of the three accounts created by Section 27-42-6. (2) AFFILIATE. A
person who directly, or indirectly, through one or more intermediaries, controls, is controlled
by, or is under common control with another person on December 31 of the year immediately
preceding the date the insurer becomes an insolvent insurer. (3) ASSOCIATION. The Alabama
Insurance Guaranty Association created under Section 27-42-6. (4) CLAIMANT. Any insured
making a first party claim or any person instituting a liability claim. The term does not
include a person who is an affiliate of an insolvent insurer. (5) COMMISSIONER. The Commissioner
of Insurance of the State of Alabama. (6) CONTROL. The possession, direct or indirect, of
the power to direct or cause the direction of the management and policies of a person, whether...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-42-5.htm - 5K - Match Info - Similar pages
8-32-8
Section 8-32-8 Cancellation of reimbursement insurance policy. To the extent applicable,
an insurer that issued a reimbursement insurance policy shall not terminate the policy until
a notice of termination in accordance with Chapter 40 of Title 27 has been mailed or delivered
to the commissioner. The termination of a reimbursement insurance policy shall not reduce
the issuer's responsibility for service contracts sold by providers which it insured prior
to the date of the termination. (Acts 1997, No. 97-445, p. 753, §8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-32-8.htm - 831 bytes - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-1-24.1.htm - 3K - Match Info - Similar pages
27-14-11.1
Section 27-14-11.1 Contents of policies - Denial or reduction of benefits due to Medicaid
eligibility void. (a) For purposes of this section, "private insurer" is
defined as any of the following: (1) Any commercial insurance company offering health or casualty
insurance to individuals or groups, including both experience-rated contracts and indemnity
contracts. (2) Any profit or nonprofit prepaid plan offering either medical services or full
or partial payment for the diagnosis or treatment of an injury, disease, or disability. (3)
Any organization administering health or casualty insurance plans for professional associations,
unions, fraternal groups, employer-employee benefit plans, and any similar organization offering
these payments or services, including self-insured and self-funded plans. (4) Any health insurer,
including group health plans, as defined in Section 607(1) of the Employee Retirement
Income Security Act of 1974, self-insured plans, service benefit plans, managed care...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-14-11.1.htm - 3K - Match Info - Similar pages
27-7-4.2
Section 27-7-4.2 Licenses - Applicability to insurance producer. (a) Nothing in this
chapter shall be construed to require an insurer to obtain an insurance producer license.
In this section, the term "insurer" does not include an insurer's officers,
directors, employees, subsidiaries, or affiliates. (b) A license as an insurance producer
shall not be required of any of the following: (1) An officer, director, or employee of an
insurer or of an insurance producer, provided that the officer, director, or employee does
not receive any commission on policies written or sold to insure risks residing, located,
or to be performed in this state and any of the following: a. The officer, director, or employee's
activities are executive, administrative, managerial, clerical, or a combination of these,
and are only indirectly related to the sale, solicitation, or negotiation of insurance. b.
The officer, director, or employee's function relates to underwriting, loss control, inspection,
or the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-7-4.2.htm - 4K - Match Info - Similar pages
39-2-9
Section 39-2-9 Approval of bonds, etc., and completion of execution of contracts by
awarding authorities. The awarding authority shall approve the contractor's bonds meeting
the requirements of Section 39-2-8 and the contractor's evidence of insurance meeting
the requirements of the bid documents, as well as complete the execution of the contract,
within 20 days after their presentation by the contractor unless the successful contractor
agrees in writing to a longer period. (Acts 1947, No. 492, p. 338, §8; Acts 1997, No. 97-225,
p. 348, §1.)...
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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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