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SB170
SB170 By Senator Blackwell ENROLLED, An Act, Relating to the State Insurance Department and
the regulation of insurance; to add Chapter 29A to Title 27, Code of Alabama 1975; to provide
requirements for maintaining a risk management framework and completing an Own Risk and Solvency
Assessment (ORSA), with instructions for filing an ORSA Summary Report with the Commissioner
of Insurance; and to provide that documents and other information from an insurer in an assessment
would be confidential and privileged except as otherwise provided in this act. BE IT ENACTED
BY THE LEGISLATURE OF ALABAMA: Section 1. Chapter 29A is added to Title 27, Code of Alabama
1975, to read as follows: Chapter 29A. Risk Management and Own Risk and Solvency Assessment.
§27-29A-1. Purpose and Scope. (a) The purpose of this chapter is to provide the requirements
for maintaining a risk management framework and completing an Own Risk and Solvency Assessment
(ORSA) and provide guidance and instructions for filing...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB170.htm - 17K - Match Info - Similar pages
HB65
164062-4:n:01/25/2016:FC/tj LRS2015-122R3 HB65 By Representative Hill (M) RFD Insurance Rd
1 02-FEB-16 SYNOPSIS: This bill would provide further for the regulation of insurance by requiring
certain insurers to maintain a risk management framework and complete an Own Risk and Solvency
Assessment (ORSA) to be filed with the Commissioner of Insurance; by adopting a law substantially
similar to the Risk Management and Own Risk and Solvency Assessment Model Act developed by
the National Association of Insurance Commissioners. The bill would provide that documents
and other information from an insurer in an assessment would be confidential and privileged
except as otherwise provided in the bill. A BILL TO BE ENTITLED AN ACT Relating to the State
Insurance Department and the regulation of insurance; to add Chapter 29A to Title 27, Code
of Alabama 1975; to provide requirements for maintaining a risk management framework and completing
an Own Risk and Solvency Assessment (ORSA), with...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB65.htm - 18K - Match Info - Similar pages
HB270
cell captive insurance companies. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections
27-31B-2, 27-31B-3, 27-31B-6, 27-31B-8, 27-31B-9, 27-31B-12, 27-31B-16, 27-31B-19, 27-31B-20,
27-31B-22, and 27-31B-24, Code of Alabama 1975, are amended to read as follows: §27-31B-2.
"As used in this chapter, the following terms shall have the following meanings, unless
the context clearly indicates otherwise: "(1) AFFILIATED COMPANY. Any company in the
same corporate system as a parent, an industrial insured, or a member organization
by virtue of common ownership, control, operation, or management. "(2) ALIEN CAPTIVE
INSURANCE COMPANY. Any insurance company formed to write insurance business for its parents
and affiliates and licensed pursuant to the laws of an alien jurisdiction which imposes statutory
or regulatory standards in a form acceptable to the commissioner on companies transacting
the business of insurance in that jurisdiction. "(3) ASSOCIATION. Any legal association
of...
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HB85
after the due date of the premium in default, an actuarially equivalent alternative paid-up
nonforfeiture benefit which provides a greater amount or longer period of death benefits or,
if applicable, a greater amount or earlier payment of endowment benefits. (2) That, upon surrender
of the policy within 60 days after the due date of any premium payment in default after premiums
have been paid for at least three full years in the case of ordinary insurance or five full
years in the case of industrial insurance, the insurer will pay, in lieu of any paid-up
nonforfeiture benefit, a cash surrender value of such amount as may be specified in this article.
(3) That a specified paid-up nonforfeiture benefit shall become effective as specified in
the policy unless the person entitled to make such election elects another available option
not later than 60 days after the due date of the premium in default. (4) That, if the policy
shall have become paid up by completion of all premium payments,...
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SB169
after the due date of the premium in default, an actuarially equivalent alternative paid-up
nonforfeiture benefit which provides a greater amount or longer period of death benefits or,
if applicable, a greater amount or earlier payment of endowment benefits. (2) That, upon surrender
of the policy within 60 days after the due date of any premium payment in default after premiums
have been paid for at least three full years in the case of ordinary insurance or five full
years in the case of industrial insurance, the insurer will pay, in lieu of any paid-up
nonforfeiture benefit, a cash surrender value of such amount as may be specified in this article.
(3) That a specified paid-up nonforfeiture benefit shall become effective as specified in
the policy unless the person entitled to make such election elects another available option
not later than 60 days after the due date of the premium in default. (4) That, if the policy
shall have become paid up by completion of all premium payments,...
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HB459
attorneys, engineers, consultants, and other professionals as the board shall deem necessary
for the conduct of the business of the institute. "(13) To provide grants to educational,
governmental, nonprofit, community-based, workforce development, economic development, and
other organizations and associations engaged in the education, recruitment, training, placement,
and professional development of persons engaged in activities leading to the furtherance of
careers in commercial and industrial construction in accordance with the purposes of
the institute. "(14) To cooperate or partner, or both, with regional and national organizations
promoting construction workforce development, including the sharing of non-monetary marketing
and educational resources and databases, in furtherance of the purposes of the institute.
"(15) To do all things necessary or convenient to carry out the powers and purposes conferred
by this section. "(16) To exercise any and all powers permissible under...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB459.htm - 141K - Match Info - Similar pages
HB129
Rep(s). By Representative Hill (J) HB129 ENROLLED, An Act, To amend Section 27-25-3 of the
Code of Alabama 1975, relating to the licensure of title insurance agents by the State Insurance
Department, to exempt licensed attorneys from licensure. BE IT ENACTED BY THE LEGISLATURE
OF ALABAMA:Section 1. Section 27-25-3 of the Code of Alabama 1975, is amended to read as follows:
§27-25-3. "For the purposes of this chapter, the following terms shall have the following
meanings: "(1) ABSTRACT OF TITLE. A compilation or summary of all instruments of public
record of whatever kind or nature which in any manner affect title to a specified parcel of
real property. "(2) BUSINESS ENTITY. A domestic entity properly formed and existing under
Title 10A. "(3) COMMISSIONER. The Commissioner of the Alabama Department of Insurance.
"(4) INDIVIDUAL. A natural person. "(5) NAIC. The National Association of Insurance
Commissioners, its subsidiaries and affiliates, and any successor thereof. "(6) OPINION
OF...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB129.htm - 6K - Match Info - Similar pages
SB65
172594-1:n:12/02/2015:FC/th LRS2015-3308 SB65 By Senator Ward RFD Judiciary Rd 1 02-FEB-16
SYNOPSIS: Under existing law, a licensed attorney who serves as an agent for a title insurance
company is also required to be licensed by the State Insurance Department. This bill would
exempt licensed attorneys from licensure as title insurance agents. A BILL TO BE ENTITLED
AN ACT To amend Section 27-25-3 of the Code of Alabama 1975, relating to the licensure of
title insurance agents by the State Insurance Department, to exempt licensed attorneys from
licensure. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 27-25-3 of the Code
of Alabama 1975, is amended to read as follows: §27-25-3. "For the purposes of this
chapter, the following terms shall have the following meanings: "(1) ABSTRACT OF TITLE.
A compilation or summary of all instruments of public record of whatever kind or nature which
in any manner affect title to a specified parcel of real property. "(2) BUSINESS ENTITY.
A...
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HB38
Rep(s). By Representatives Tuggle, Mooney, Wingo, Hill (M), Weaver, Harper, Fridy, Chesteen,
Lee, Ledbetter, Wilcox, Sanderford, Clouse, Boothe, McCutcheon, Baker, McMillan, Millican,
Greer, Martin, Beckman, Fincher, Pettus, Garrett, Carns, Shedd, Poole, Hubbard, Faulkner,
South and Johnson (K) HB38 ENGROSSED A BILL TO BE ENTITLED AN ACT To amend Section 40-2A-3,
Code of Alabama 1975, to revise the definitions of Taxpayer Advocate and taxpayer assistance
order; to amend Section 40-2A-4, Code of Alabama 1975, relating to the Taxpayer Advocate;
to provide for the appointment of the advocate by the Governor; to require the advocate to
maintain a public website; to require the advocate to promote the interests of taxpayers involved
in disputes where an ambiguity in tax law exists; to remove the assistant commissioner's authority
to approve taxpayer assistance orders; to require an annual report to certain legislative
committees regarding tax law ambiguities; to provide for additional...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB38.htm - 27K - Match Info - Similar pages
SB335
SB335 By Senator Sanford ENROLLED, An Act, To amend Sections 40-2A-3, 40-2A-6, 40-2A-12, 40-2A-13,
40-2A-14, and 40-2A-15 of the Code of Alabama 1975, relating to the Alabama Taxpayers' Bill
of Rights and Uniform Revenue Procedures Act; to further define terms; to further require
signed and dated written authorization for examining the books and records of a taxpayer under
certain conditions; to require certain disclosures; to further provide the time frame in which
a private auditing or collecting firm engaged by a self-administered municipality or county
may commence an examination; to require certain confidentiality requirements; to provide for
an independent hearing or appeals officer; to require a public official or employee of the
taxing authority sign the final assessment; to provide minimum education requirements for
examiners of private auditing or collecting firms; and to require the Alabama Local Tax Institute
of Standards and Training Board to establish a hotline to...
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