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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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-60-2.htm - 45K - Match Info - Similar pages
27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
25-4-56
Section 25-4-56 Payment of interest on moneys advanced by federal government - Creation of
Special Interest Payment Fund; deposits; administration; disposition. There is hereby created
a special fund, to be known as the "Special Interest Payment Fund," into which shall
be deposited all moneys collected under the provisions of Section 25-4-55. All moneys in the
Special Interest Payment Fund shall be deposited, administered and disbursed in the same manner
and under the same conditions and requirements as is provided by law in Section 25-4-31. Moneys
in this fund shall be used by the secretary for the payment of interest on moneys advanced
by the federal government, shall be continuously available to the secretary for expenditures
in accordance with the provisions of Sections 25-4-55 through 25-4-58 and appropriate federal
laws and shall not lapse at any time. Any interest earned on moneys in this special fund shall
accrue to the special fund. (Acts 1983, 2nd Ex. Sess., No. 83-178, p....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-56.htm - 1K - Match Info - Similar pages
41-14A-8
Section 41-14A-8 Contingent liability. Every qualified public depository that is solvent shall
guarantee public depositors against loss caused by the default or insolvency of other qualified
public depositories according to the terms of this chapter and shall enter into an agreement
of contingent liability with the State Treasurer on behalf of the Loss Payment Fund, which
agreement shall be in a form which is prescribed or approved by the board of directors, and
which, when executed, shall become a part of the official records of the SAFE Program. The
qualified public depository shall submit to the State Treasurer evidence that the depository's
contingent liability agreement has been approved by the board of directors or other governing
body of the qualified public depository and shall become a part of the official records of
the qualified public depository. (Act 2000-748, p. 1669, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-14A-8.htm - 1K - Match Info - Similar pages
25-4-142
Section 25-4-142 Employment Security Administration Fund; Special Employment Security Administration
Fund; replacement of certain funds. (a) There shall be in the State Treasury a fund to be
known as the Employment Security Administration Fund. All moneys which are deposited or paid
into this fund are hereby appropriated and made available to the secretary for expenditure
in accordance with the provisions of this chapter, and shall not lapse at any time or be transferred
to any other fund. All moneys in this fund, which are received from the federal government
or any agency thereof, or which are appropriated by this state for the administration of this
chapter, except money received pursuant to the provisions of subdivision (6) of Section 25-4-30,
shall be expended solely for the purposes and in the amounts found necessary by the authorized
cooperating federal agencies for the proper and efficient administration of this chapter.
The fund shall consist of all moneys appropriated by this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-142.htm - 8K - Match Info - Similar pages
24-1A-5
Section 24-1A-5 Powers of authority. The authority shall have the following powers: (1) To
have succession by its corporate name until the principal of and interest on the bonds shall
have been fully paid and until it shall have been dissolved as provided in this chapter; (2)
To sue and be sued and to prosecute and defend in any court having jurisdiction of the subject
matter and of the parties thereto; (3) To adopt and use a corporate seal and to alter the
seal at pleasure; (4) To establish a fiscal year; (5) To maintain an office in the City of
Montgomery; (6) To adopt, and from time to time amend and repeal, bylaws and rules and regulations,
not inconsistent with this chapter, to carry into effect the powers and purposes of the authority
in the conduct of its business; (7) To purchase mortgage loans from mortgage lenders; (8)
To contract with mortgage lenders for the origination of, or the servicing, of mortgage loans
to be made by such mortgage lenders and the servicing of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-5.htm - 7K - Match Info - Similar pages
41-14A-10
Section 41-14A-10 SAFE Loss Payment Fund. (a) In order to facilitate the administration of
this chapter, there is created the SAFE Loss Payment Fund, which shall be held and administered
by the State Treasurer, for the account of the SAFE Program, separate and apart from the State
General Fund. The proceeds from the sale of securities pledged as collateral or from any assessment
pursuant to Section 41-14A-9 shall be deposited into the Loss Payment Fund. The amounts on
deposit in the Loss Payment Fund shall be disbursed as necessary in accordance with the provisions
of this chapter in order to pay losses to public depositors and for such other purposes as
may be expressly provided for in this chapter. (b) The State Treasurer is authorized to pay
any losses to public depositors from the Loss Payment Fund. The term "losses," for
purposes of this chapter, shall also include losses of interest or other accumulations to
the public depositor as a result of penalties for early withdrawal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-14A-10.htm - 2K - Match Info - Similar pages
2-9-40
Section 2-9-40 Sources of fund; expenditures from fund. There shall be maintained in the State
Treasury the fund now existing therein and designated as the "Egg Inspection Fund"
into which fund there shall be deposited all amounts received pursuant to any cooperative
agreement with the United States Department of Agriculture or other federal departments or
agencies which provide for inspection and grading of eggs or other related or similar duties
incident thereto which involve the inspection, grading or determination of the condition or
quality of eggs or egg products. There shall also be deposited into said "Egg Inspection
Fund" any amounts available by appropriation or otherwise for the administration and
enforcement of the provisions and requirements of Chapter 12 of this title, which said amounts
so deposited or transferred into said fund shall be used and expended for payment of salaries,
other expenses, equipment purchases necessary for and incident to the administration and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-9-40.htm - 1K - Match Info - Similar pages
8-17-255
Section 8-17-255 Sums collected to be credited to State Fire Marshal's Fund. All sums received
through the payment of fees, the recovery of civil penalties, grants, and appropriations by
the Legislature shall be deposited in the State Treasury and credited to the State Fire Marshal's
Fund. This fund shall be available to the State Fire Marshal for expenditure in the administration
and enforcement of this article, training, and research programs. Provided, however, that
no funds shall be withdrawn or expended except as budgeted and allocated according to Sections
41-4-80 to 41-4-96 and Sections 41-19-1 to 41-19-12, inclusive, and only in amounts as stipulated
in the general appropriations bills or other appropriations bills. Any unencumbered and any
unexpended balance of this fund remaining at the end of any fiscal year shall not lapse or
revert to the General Fund, but shall be carried forward for the purposes of this article
until expended. (Acts 1993, No. 93-713, p. 1391, §16.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-17-255.htm - 1K - Match Info - Similar pages
22-4B-3
Section 22-4B-3 Loans for nursing degree - Eligibility - Contract - Cancellation of loan -
Recovery of unpaid balance. (a) Within the limits of the funds appropriated for or otherwise
available to the loan program, the board shall be authorized to grant to each applicant deemed
by the board to be qualified, a loan for the purposes of acquiring a nursing degree as defined
in Section 22-4B-1, upon such terms and conditions as may be imposed by the board and as provided
for in this section. (b) In order to be eligible, a loan applicant must: (1) Be a citizen
and a bona fide resident of the State of Alabama; (2) At the time of application, have been
an employee of the department for at least three years in a position not requiring a nursing
degree; (3) Be accepted by and attend an accredited school of nursing approved and designated
by the board; and (4) Agree to work as a nurse for the department or for a federally-funded
community health center in an underserved or rural area of Alabama...
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