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27-41-24
Section 27-41-24 Particular investments - Loans secured by pledges of securities or pledges
or assignments of life insurance policies. An insurer may invest in loans with a maturity
not in excess of five years from the date thereof which are secured by pledge of securities
eligible for investment under this chapter or by the pledge or assignment of life insurance
policies issued by insurers authorized to transact insurance in this state. On the date made,
no such loan shall exceed in amount 75 percent of the market value of the collateral pledged;
except, that loans upon the pledge of United States government bonds and loans upon the pledge
or assignment of life insurance policies shall not exceed 95 percent of the market value of
the bonds or the cash surrender value of the policies pledged. The amount so loaned shall
be included in the maximum amount of funds permitted under this chapter to be invested in
a single person. (Acts 1977, No. 408, p. 530, ยง24.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-41-24.htm - 1K - Match Info - Similar pages
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
37-15-4.1
Section 37-15-4.1 Design or survey locate requests. THIS SECTION WAS AMENDED BY ACT 2019-407
IN THE 2019 REGULAR SESSION, EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Any person may submit a design or survey locate request to the One-Call Notification System.
The design or survey locate request shall describe the tract or parcel of land for which the
design or survey locate request has been submitted with sufficient particularity as defined
by policies developed and promulgated by the One-Call Notification System to enable the facility
operator to ascertain the precise tract or parcel of land involved and state the name, address,
telephone number, and facsimile number of the person who has submitted the design or survey
locate request and the company name of the project owner. (b) Within five working days after
a design or survey locate request has been submitted to the One-Call Notification System for
a proposed project, the operator shall respond by one...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-15-4.1.htm - 2K - Match Info - Similar pages
40-9A-3
Section 40-9A-3 Tax assessors to forward information to Department of Revenue. Every tax assessor
shall, not later than March 1, 1993, forward to the Department of Revenue the following information:
(a) A complete listing of all real property located in the county which is subject to a lease
with a public authority, county, or municipality of the State of Alabama. (b) A complete listing
of all personal property located in the county which is subject to a lease with a public authority,
county, or municipality of the State of Alabama. (c) A complete listing of the purchase price
and date of acquisition of such real and personal property. (d) A complete listing of the
estimated fair and reasonable market value of such real and personal property. (e) The estimated
tax revenue produced by such real and personal property if taxed at the rates applicable to
taxable property located in the same jurisdiction. (f) A list of all lessees which have not
filed the required information by January 1,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9A-3.htm - 1K - Match Info - Similar pages
15-22-1.1
Section 15-22-1.1 Interstate Compact for Adult Offender Supervision. Whereas: The Interstate
Compact for the Supervision of Parolees and Probationers was established in 1937, it is the
earliest corrections "compact" established among the states and has not been amended
since its adoption over 62 years ago; Whereas: This compact is the only vehicle for the controlled
movement of adult parolees and probationers across state lines, and it currently has jurisdiction
over more than a quarter of a million offenders; Whereas: The complexities of the compact
have become more difficult to administer, and many jurisdictions have expanded supervision
expectations to include currently unregulated practices such as victim input, victim notification
requirements, and sex offender registration; Whereas: After hearings, national surveys, and
a detailed study by a task force appointed by the National Institute of Corrections, the overwhelming
recommendation has been to amend the document to bring about...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/15-22-1.1.htm - 43K - Match Info - Similar pages
2-6-78
Section 2-6-78 Disposition of proceeds from sale of securities. All proceeds derived from the
sale of any securities of the corporation, other than refunding securities, shall be deposited
in the State Treasury and carried in a special account or accounts, and may be withdrawn solely
for the purposes and in the amounts set out below: (1) No more than 60 percent of the said
proceeds shall be used for the acquisition, construction and installation of a market facility
by the Board of Agriculture and Industries. Withdrawals for such purpose shall be upon requisition
by or pursuant to authority of the Board of Agriculture and Industries addressed and presented
to the State Comptroller and paid out by the warrant of the Comptroller upon the State Treasury,
to be used only to pay the following: a. The cost of materials, supplies and labor used in
the construction of the market facility; b. The cost of acquisition and installation of equipment
for the market facility; c. The cost of acquiring...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-78.htm - 4K - Match Info - Similar pages
16-1-24.3
Section 16-1-24.3 Local boards of education to implement policies requiring expulsion of students
who possess firearms in school areas. (a) All city and county boards of education shall develop
and implement local policies and procedures requiring the expulsion of students, for a period
of one year, who are determined to have brought to school or have in their possession a firearm
in a school building, on school grounds, on school buses, or at other school-sponsored functions.
Notwithstanding the foregoing, city and county boards of education and the local superintendent
of education of each board may modify the expulsion requirement for a student on a case-by-case
basis. Students who are expelled for violation of this section shall not be allowed to attend
regular school classes in any public school in the state during the expulsion period. Students
who are expelled from schools for firearm possession may be permitted to attend alternative
schools designed to provide education...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-1-24.3.htm - 3K - Match Info - Similar pages
27-29-6.2
Section 27-29-6.2 Group-wide supervisor for internationally active insurance group. (a)(1)
The commissioner may act as the group-wide supervisor for any internationally active insurance
group in accordance with this section. The commissioner may otherwise acknowledge another
regulatory official as the group-wide supervisor where the internationally active insurance
group meets any of the following: a. Does not have substantial insurance operations in the
United States. b. Has substantial insurance operations in the United States, but not in this
state. c. Has substantial insurance operations in the United States and this state, but the
commissioner has determined pursuant to the factors set forth in subsections (b) and (f) that
the other regulatory official is the appropriate group-wide supervisor. (2) An insurance holding
company system that does not otherwise qualify as an internationally active insurance group
may request that the commissioner make a determination or acknowledgment...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-29-6.2.htm - 10K - Match Info - Similar pages
32-7-6
Section 32-7-6 Security required; suspensions; applicability. (a) If 20 days after the receipt
of a report of a motor vehicle accident within this state which has resulted in bodily injury
or death, or damage to the property of any one person in excess of five hundred dollars ($500),
the director does not have on file evidence satisfactory that the person who would otherwise
be required to file security under subsection (b) of this section has been released from liability,
or has been finally adjudicated not to be liable, or has executed a duly acknowledged written
agreement or conditional release providing for the payment of an agreed amount in installments
with respect to all claims for injuries or damages resulting from the accident, which agreement
or conditional release may include reasonable interest as set out in Section 32-7-7, the director
shall determine the amount of security which shall be sufficient in his or her judgment to
satisfy any judgment or judgments for damages...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7-6.htm - 5K - Match Info - Similar pages
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