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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;...
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45-49-83.41
Section 45-49-83.41 Creation; procedures; collection and distribution of funds; enforcement.
The District Attorney for the Thirteenth Judicial Circuit of Alabama may establish a Recovery
Unit of the Special Services Division. The district attorney, after electing to establish
the unit, shall assign sufficient staff and resources to effectively operate the unit. The
recovery unit shall be created for the purpose of the administration, collection, and enforcement
of court costs, fines, fines for failure to appear in court, victim compensation assessments,
bail bond forfeitures, restitution, or other payments which are ordered in any criminal proceeding,
quasi-criminal, or any other court proceeding by any court including, but not limited to,
municipal courts, district courts, and circuit courts payable to the state, the county, to
any municipality, or town within the Thirteenth Judicial Circuit, to any crime victim on any
court order or judgment entered which has not been otherwise...
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25-4-78
Section 25-4-78 Disqualifications for benefits. An individual shall be disqualified for total
or partial unemployment for any of the following: (1) LABOR DISPUTE IN PLACE OF EMPLOYMENT.
For any week in which an individual's total or partial unemployment is directly due to a labor
dispute still in active progress in the establishment in which he or she is or was last employed.
For the purposes of this section only, the term labor dispute includes any controversy concerning
terms, tenure, or conditions of employment, or concerning the association or representation
of persons in negotiating, fixing, maintaining, changing, or seeking to arrange terms or conditions
of employment, regardless of whether the disputants stand in the proximate relation of employer
and employee. This definition shall not relate to a dispute between an individual worker and
his or her employer. (2) VOLUNTARILY QUITTING WORK. If an individual has left his or her most
recent bona fide work voluntarily without good...
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5-2A-2
Section 5-2A-2 Offices, venue. The State Banking Department shall locate and maintain its principal
office in the City of Montgomery, Alabama, from which place it shall perform its duties and
transact its business. Unless otherwise provided in Chapters 1A through 13B and Chapter 20
of this title, all actions in which the superintendent, the Banking Department or its employees,
the Banking Board or its members are named or joined shall be brought in the Circuit Court
of Montgomery County. (Acts 1980, No. 80-658, §5-2-2; Acts 1995, No. 95-115, p. 134, §68.)...
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5-11A-30
Section 5-11A-30 Transfer between related institutions. Absent written objection from the Superintendent
of the State Banking Department, a bank, trust company or trust department (hereinafter to
be known as the "transferor") may transfer one or more fiduciary accounts administered
by such bank, trust company or trust department to another bank, trust company or trust department
(hereinafter to be known as the "transferee"); provided, however, that the transferor
and transferee banks are related institutions, as that term is hereinafter defined in Section
5-11A-36, and that the transferee bank has trust powers. (Acts 1989, No. 89-539, p. 1127,
§1.)...
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5-11A-33
Section 5-11A-33 Objection to transfer; hearing on objection; appointment of related institution
as agent. (a) Any person given notice pursuant to Section 5-11A-32 may file a written objection
to the fiduciary transfer with the Superintendent of the State Banking Department, stating
grounds for objection, within 30 days of receipt of notice of the transfer by the person notified
pursuant to Section 5-11A-32. The transferor shall then have 30 days to either: (1) Abandon
the transfer of fiduciary accounts to which objection was given and hold such transfer for
nought, or (2) Apply to the State Banking Department for a hearing on the merits of the objection
to transfer. After such hearing, the State Banking Department shall either approve or deny
the transfer. (b) Nothing herein shall preclude the transferor from appointing a related bank,
trust company or trust department as its agent for the performance of any and all fiduciary
obligations as provided in Section 5-11A-37. (Acts 1989,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-11A-33.htm - 1K - Match Info - Similar pages
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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5-3A-9
Section 5-3A-9 Loans, gifts, favors, etc., to Banking Department employees from banks, employees,
etc., prohibited. (a) No officer, agent or employee of any bank shall offer or give to an
employee of the State Banking Department or his family, and no such employee nor his family
shall solicit or receive anything of value directly or indirectly from a bank, including a
gift, favor, or service or a promise of future employment. Expenses associated with social
occasions afforded such employee shall not be deemed a thing of value within the meaning of
this section or prohibited hereby. (b) No superintendent, assistant superintendent, deputy
superintendent or bank examiner of the State Banking Department shall, either directly or
indirectly, be pecuniarily interested in nor borrow from a state bank. Debts now existing
and any debt which may be owing at the time of employment to state banks may not be extended
or renewed. (c) Nothing herein shall be construed to prohibit the superintendent...
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16-2-5
Section 16-2-5 Expenses of department. Any funds or appropriations which are available to the
State Superintendent of Education, the State Board of Education or the Department of Education
for use in operating, maintaining or providing for the expenses of the Department of Education
shall be expended in accordance with an annual budget adopted by the State Board of Education
upon recommendation of the State Superintendent of Education; provided, that the total amount
of such budget shall not exceed the appropriations of funds available during that year. Such
funds or appropriations shall be expended for the salaries and expenses of the executive,
supervisory or clerical personnel and for other essential purposes, including compensation
and expenses of the members of the State Board of Education in the discharge of their official
duties as provided by law. (Acts 1935, No. 211, p. 598; Code 1940, T. 52, §35.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-2-5.htm - 1K - Match Info - Similar pages
41-10-758
Section 41-10-758 Creation of special fund. For the benefit of the State of Alabama and the
citizens thereof, there is hereby created a special fund named the BP Settlement Fund which
shall be funded with BP settlement revenues and administered in accordance with this article.
All BP settlement revenues received after September 30, 2017, shall be deposited in the special
fund upon receipt and shall be used first to pay principal, interest, and premium, if any,
and any other amounts due on or with respect to the bonds of the authority. Any BP settlement
revenues determined by the directors of the authority to be in excess of the amounts needed
for the payment of all amounts due with respect to the bonds, may be withdrawn from the special
fund and used to pay costs and expenses incident to the issuance of the bonds, including costs
and expenses incurred by the Department of Finance in the administration of the bonds, may
be transferred to and deposited in the Alabama Trust Fund or the...
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