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27-36A-18
Section 27-36A-18 Confidentiality. (a) For purposes of this section, "confidential information"
shall mean all of the following: (1) A memorandum in support of an opinion submitted under
Section 27-36A-4 and any other documents, materials, and other information, including, but
not limited to, all working papers, and copies thereof, created, produced, or obtained by
or disclosed to the commissioner or any other person in connection with such memorandum. (2)
All documents, materials, and other information, including, but not limited to, all working
papers, and copies thereof, created, produced, or obtained by or disclosed to the commissioner
or any other person in the course of an examination made under subsection (f) of Section 27-36A-15;
provided, however, that if an examination report or other material prepared in connection
with an examination made under Chapter 2 is not held as private and confidential information
under Section 27-2-24, an examination report or other material...
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27-5A-2
Section 27-5A-2 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ACTUARY. A person
who is a member in good standing of the American Academy of Actuaries. (2) COMMISSIONER. The
Alabama Commissioner of Insurance. (3) CONTROLLING PERSON. Any person, firm, association,
or corporation who directly or indirectly has the power to direct or cause to be directed,
the management, control, or activities of the reinsurance intermediary. (4) INSURER. Any person,
firm, association, or corporation duly licensed in this state pursuant to the applicable provisions
of the insurance law as an insurer. (5) LICENSED PRODUCER. An insurance producer or reinsurance
intermediary licensed pursuant to the applicable provision of the insurance law. (6) QUALIFIED
U.S. FINANCIAL INSTITUTION. An institution that: a. Is organized or, in the case of a U.S.
office of a foreign banking organization, licensed,...
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5-2A-63
Section 5-2A-63 Savings and Loan Board; appeals from orders, etc., of commissioner or board.
(a) There is hereby created a Savings and Loan Board, consisting of the Savings and Loan Commissioner,
who shall be the ex officio chairman of the board and four persons who shall be appointed
by the Governor and who shall be persons with actual practical experience for at least three
years in the operation and management of an institution of the savings and loan type. The
members of the board shall serve without compensation; except that members shall be paid their
travelling expenses in connection with the performance of their duties as members of the board
plus $10.00 per diem while engaged in the performance of such duties. Such travelling expenses
shall be paid out of the treasury. The board shall have such rights, powers and privileges
and shall be subject to such duties as are provided by Chapter 16 of this title. The board
shall maintain in the office of the commissioner permanent...
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5-3A-34
Section 5-3A-34 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR SESSION,
EFFECTIVE APRIL 4, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Examination reports of
service providers created or obtained by the superintendent or State Banking Department are
confidential subject to Sections 5-3A-3 and 5-3A-11. The superintendent may furnish a copy,
or portions thereof, of a report of any examination performed by the superintendent of the
performance, condition, and affairs of any service provider and any other information obtained
through examination of the service provider to entities as provided in Section 5-3A-3, including
the board of directors of the serviced bank, under the same terms and with the same limitations
as set forth for other examination reports, data, and information under Section 5-3A-3. Additionally,
the superintendent may furnish copies of his or her reports of examination, and any other
information obtained through examination of the service...
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27-13-28
Section 27-13-28 Annual statistical reports of insurers. Every insurer shall file annually,
on or before July 1, with the rating organization of which it is a member or subscriber, or
with such other common agency representing a group of insurers as the department may approve,
and with the department a statistical report showing a classification schedule of its premiums
and its losses on all kinds of insurance to which this article is applicable, together with
such other information as the department may deem necessary for the proper determination of
the reasonableness and adequacy of rates. Such statistical report filed with the rating organization
may be consolidated and filed by such common agency. Such data shall be kept and reports made
in such manner and on such forms as may be prescribed by the commissioner. All such annual
filings with the department shall be kept under lock and key, and any official or employee
of the department who shall divulge the contents or permit the...
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25-2-27
Section 25-2-27 Minimizing adverse effects on certain unemployed and underemployed workers.
(a) In order to assist employees who become unemployed or underemployed as the result of a
substantial layoff at or the closing of any plant or industry in Alabama, the Secretary of
Labor is hereby directed to provide written material which deals with these problems and offers
appropriate suggestions to such workers and to meet with management at such plants or industries
and with labor organizations or other organizations including such employees in an attempt
to minimize the financial burden on such employees. (b) The Secretary of Labor is authorized
to assist and organize cooperative efforts of such employees or groups to which such employees
belong in an effort to minimize the adverse impact of such plant or industry layoff or closing
upon such employees and the Secretary of Labor is further directed and authorized, to the
extent he or she deems advisable, to engage in whatever other acts or...
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27-1-24
Section 27-1-24 Alabama Insurance Underwriting Association. (a) Every insurer authorized to
write and engaged in writing, on a direct basis, fire and extended coverage insurance in Alabama
shall be and remain a member of the Alabama Insurance Underwriting Association, an unincorporated
nonprofit joint underwriting association organized in 1970 and in continuous existence from
1970 through November 1, 2008. Every such insurer shall be and remain a member of the association
so long as the association is in existence as a condition of such insurer's authority to continue
to transact the business of insurance in Alabama. An insurer that ceases to be a member of
the association due to withdrawal from the business of insurance in Alabama or its withdrawal
from writing fire and extended coverage insurance in Alabama remains liable to the association
as to contracts entered into during the insurer's membership in the association to the same
extent and effect as if the insurer's membership in...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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24-1A-4
Section 24-1A-4 Members, officers and directors; appointment; qualifications; meetings of board
and public notice thereof; salaries; record of proceedings; copies of proceedings as evidence;
permanent maintenance of official record; members, officers, etc., not personally liable;
legislative oversight committee established; composition; appointment; expenses. (a) The applicants
named in the application, being the seven initial appointees of the Governor by congressional
districts, the Director of Finance ex officio and the Superintendent of Banks ex officio,
and their respective successors in office, together with the State Treasurer ex officio, an
appointee of the Governor from the state at large and the appointees of the Speaker of the
House and the Lieutenant Governor, and their respective successors in office, shall constitute
the members of the authority. The Governor shall, as soon as convenient after the passage
of this chapter, appoint one person from each of the now existing...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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