|
27-5-9
insurance" defined. For the purposes of this title, "wet marine and transportation
insurance" is that part of marine insurance which includes only: (1) Insurance upon vessels,
crafts, hulls and of interests therein or with relation thereto; (2) Insurance of marine builder's
risks, marine war risks, and contracts of marine protection and indemnity insurance; (3) Insurance
of freights and disbursements pertaining to a subject of insurance coming within this section;
and (4) Insurance of personal property and interests therein in course of exportation
from, or importation into, any country and in course of transportation coastwise or on inland
waters, including transportation by land, water or air from point of origin to final destination,
in respect to, appertaining to or in connection with any and all risks or perils of navigation,
transit or transportation, and while being prepared for and while awaiting shipment and during
any delays, storage, transshipment or reshipment...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-5-9.htm - 1K - Match Info - Similar pages
5-19-20
is required by the creditor, is not furnished by the debtor, and is purchased by the creditor,
then upon renewal, refinancing, or payment of the debt before the final maturity date, the
creditor shall refund or credit the debtor with that portion of the premium refunded by the
insurance carrier upon the termination of the insurance. (g) A creditor may not contract for
or receive a separate charge for insurance against loss of or damage to property or against
liability for property damage or personal injuries unless the original amount financed
exclusive of the charges for insurance is three hundred dollars ($300) or more and the value
of the property is three hundred dollars ($300) or more. (h) In no event shall the creditor
have any responsibility or liability for the failure to purchase any insurance permitted by
this section unless the creditor has affirmatively undertaken in writing to purchase the insurance.
(i) A creditor may offer and finance any other insurance in connection...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-19-20.htm - 5K - Match Info - Similar pages
27-23-2
Section 27-23-2 Rights of judgment creditors. Upon the recovery of a final judgment against
any person, firm, or corporation by any person, including administrators or executors, for
loss or damage on account of bodily injury, or death or for loss or damage to property,
if the defendant in such action was insured against the loss or damage at the time when the
right of action arose, the judgment creditor shall be entitled to have the insurance money
provided for in the contract of insurance between the insurer and the defendant applied to
the satisfaction of the judgment, and if the judgment is not satisfied within 30 days after
the date when it is entered, the judgment creditor may proceed against the defendant and the
insurer to reach and apply the insurance money to the satisfaction of the judgment. (Acts
1953, No. 283, p. 350; Acts 1971, No. 407, p. 707, ยง485.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-23-2.htm - 1K - Match Info - Similar pages
11-30-1
for damages suffered as a result of a claim as defined under this chapter. b. Damage to or
loss of property owned or leased by a member county. (2) MEMBER COUNTY. A county which elects
to pool its resources and funds with one or more other counties for the purpose of forming
a liability self-insurance fund. (3) CLAIM. Any claim or suit filed against a member county
for money damages which any person or other entity is legally entitled to recover for damages
suffered as a result of bodily injury, death or property damage caused by a negligent
or wrongful act or omission committed by any employee, officer, or servant of the member county
while acting within the line and scope of his or her employment under circumstances where
the member county would be liable to the claimant for such damages under the laws of the State
of Alabama or any claim filed by a member county for damage to or loss of county property
covered by the liability self-insurance fund. (Acts 1986, No. 86-499, p. 954,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-30-1.htm - 1K - Match Info - Similar pages
32-7-22
any motor vehicle or motor vehicles designated in the policy with the express or implied permission
of the named insured, against loss from the liability imposed by law for damages arising out
of the ownership, maintenance, or use of such motor vehicle or motor vehicles within the United
States of America or the Dominion of Canada, subject to limits exclusive of interest and costs,
with respect to each such motor vehicle, in the amount of not less than the minimum amounts
set for bodily injury or death and for destruction of property under subsection (c)
of Section 32-7-6. (c) The operator's policy of liability insurance shall insure the person
named as insured in the policy against loss from the liability imposed upon him or her by
law for damages arising out of the use by him or her of any motor vehicle not owned by him
or her, within the same territorial limits and subject to the same limits of liability as
are set forth above with respect to an owner's policy of liability...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7-22.htm - 5K - Match Info - Similar pages
27-42-12
Section 27-42-12 Exhaustion of rights; nonduplication of recovery. (a) Any person having a
claim under an insurance policy, whether or not it is a policy issued by a member insurer,
where the claim under the other policy arises from the same facts, injury, or loss
that gave rise to the covered claim against the association, shall be required first to exhaust
all coverage provided by any such policy. Any amount payable on a covered claim under this
chapter shall be reduced by the full applicable limits stated in the other insurance policy
and the association shall receive a full credit for the stated limits, or, where there are
no applicable stated limits, the claim shall be reduced by the total recovery. Notwithstanding
the foregoing, no person shall be required to exhaust any right under the policy of an insolvent
insurer. (1) A claim under a policy providing liability coverage to a person who may be jointly
and severally liable with, or a joint tortfeasor with, the person covered...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-42-12.htm - 2K - Match Info - Similar pages
27-11-2
Section 27-11-2 Prohibition against transaction of insurance business, etc., in state without
license; exceptions. It shall be unlawful for any insurer to transact the business of insurance
in this state or to enter into a contract for insurance in this state without first obtaining
a license or certificate of authority from the commissioner. This unauthorized insurers law
shall not apply to: (1) Contracts of insurance procured pursuant to the surplus line insurance
law; (2) Transactions in this state involving contracts of insurance lawfully entered into,
written and the policy delivered outside of this state covering subjects of insurance not
resident, located or expressly to be performed in this state at the time of issuance and transactions
subsequent to the making of such contract and the issuance of such policy; (3) Reinsurance
contracts; (4) Transactions in this state involving group or blanket insurance and group annuities
where the master policy or contract was lawfully issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-11-2.htm - 2K - Match Info - Similar pages
27-31A-2
investment policies, and reinsurance agreements. g. Identification of each state in which the
risk retention group has obtained, or sought to obtain, a charter and license, and a description
of its status in each state. h. Other matters as may be prescribed by the Commissioner of
Insurance, or like official, in which the risk retention group is chartered for liability
insurance companies authorized by the insurance laws of that state. (9) PRODUCT LIABILITY.
Liability for damages because of any personal injury, death, emotional harm,
consequential economic damage, or property damage, including damages resulting from the loss
of use of property, arising out of the manufacture, design, importation, distribution, packaging,
labeling, lease, or sale of a product, but does not include the liability of any person for
those damages if the product involved was in the possession of the person when the incident
giving rise to the claim occurred. (10) PURCHASING GROUP. Any group which meets all...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-31A-2.htm - 8K - Match Info - Similar pages
35-8-9
person having an insurable risk may be precluded from obtaining insurance, individually, at
his own expense and for his own benefit, against any risk, whether or not covered by insurance
maintained by the association. Such forms of insurance maintained by the association may include
but are not limited to the following: a. Insurance covering the entire condominium property
against loss by fire and such other hazards as may be desired. b. Liability insurance against
any risk, such as death, personal injury, or damage to property, faced by unit
owners by virtue of their common or limited common ownership in the condominium property,
including but not limited to the acts and omissions of the association, its servants, and
employees. (5) The association may have access to each unit from time to time during reasonable
hours as may be necessary for the maintenance, repair, or replacement of any common elements
or limited common elements therein or accessible therefrom or for making...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-8-9.htm - 4K - Match Info - Similar pages
7-9A-207
Section 7-9A-207 Rights and duties of secured party having possession or control of collateral.
(a) Duty of care when secured party in possession. Except as otherwise provided in subsection
(d), a secured party shall use reasonable care in the custody and preservation of collateral
in the secured party's possession. In the case of chattel paper or an instrument, reasonable
care includes taking necessary steps to preserve rights against prior parties unless otherwise
agreed. (b) Expenses, risks, duties, and rights when secured party in possession. Except as
otherwise provided in subsection (d), if a secured party has possession of collateral: (1)
reasonable expenses, including the cost of insurance and payment of taxes or other charges,
incurred in the custody, preservation, use, or operation of the collateral are chargeable
to the debtor and are secured by the collateral; (2) the risk of accidental loss or damage
is on the debtor to the extent of a deficiency in any effective insurance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-207.htm - 2K - Match Info - Similar pages
|