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https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-27/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-27 - Witnesses and Evidence for Examination, Investigation, or Hearing - Compelling Tes... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-27 - Witnesses and Evidence for Examination, Investigation, or Hearing - Compelling Testimony or Production of Documents, etc.; Immunity From Prosecution. | Section 27-2-27
Witnesses and evidence for examination, investigation, or hearing - Compelling testimony or production of documents, etc.; immunity from prosecution.
(a) If any individual asks to be excused from attending or testifying or from producing any books, papers, records, contracts, correspondence, or other do... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-28/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-28 - Hearings - Power to Hold. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-28 - Hearings - Power to Hold. | Section 27-2-28
Hearings - Power to hold.
(a) The commissioner may hold hearings for any purpose within the scope of this title deemed by him to be necessary.
(b) The commissioner shall hold a hearing if required by any provision, or upon written demand therefor by a person aggrieved by any act, threatened act or failu... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-29/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-29 - Hearings - Notice. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-29 - Hearings - Notice. | Section 27-2-29
Hearings - Notice.
(a) Except where a longer period of notice is provided by other provisions of this title relative to particular matters, not less than 10 days in advance the commissioner shall give notice of the time and place of the hearing, stating the matters to be considered thereat. If the perso... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-30/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-30 - Hearings - How Conducted. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-30 - Hearings - How Conducted. | Section 27-2-30
Hearings - How conducted.
(a) A hearing may be held in the department at Montgomery, Alabama, or at any other place in this state more convenient to parties and witnesses, as the commissioner determines. The commissioner or his deputy or examiner shall preside at the hearing and shall expedite the heari... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-31/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-31 - Hearings - Order. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-31 - Hearings - Order. | Section 27-2-31
Hearings - Order.
(a) In the conduct of hearings under this title and making his order thereon, the commissioner shall act in a quasi-judicial capacity.
(b) Within 30 days after termination of the hearing, or of any rehearing thereof or reargument thereon, or within such other period as may be specified... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-32/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-32 - Hearings - Appeals. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-32 - Hearings - Appeals. | Section 27-2-32
Hearings - Appeals.
(a) An appeal from the commissioner shall be taken only from an order on hearing, or as to a matter on which the commissioner has refused or failed to hold a hearing after demand therefor under Section 27-2-28 or as to a matter as to which the commissioner has refused or failed to ma... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-33/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-33 - Order of Supervision - Authority of Commissioner; Reasons for Issuance. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-33 - Order of Supervision - Authority of Commissioner; Reasons for Issuance. | Section 27-2-33
Order of supervision - Authority of commissioner; reasons for issuance.
The Commissioner of Insurance is empowered to place an insurance company under supervision, after a hearing thereon, by appropriate order, for the following reasons:
(1) When an insurance company has been notified under the provisio... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-34/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-34 - Order of Supervision - Appointment of Supervisor; Acts Which May Be Prohibited Dur... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-34 - Order of Supervision - Appointment of Supervisor; Acts Which May Be Prohibited During Period of Supervision. | Section 27-2-34
Order of supervision - Appointment of supervisor; acts which may be prohibited during period of supervision.
During the period of supervision the commissioner may appoint a supervisor and may provide that the insurer may not do the following things during the period of supervision without the prior appr... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-35/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-35 - Order of Supervision - Withdrawal of Order; Duration of Order. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-35 - Order of Supervision - Withdrawal of Order; Duration of Order. | Section 27-2-35
Order of supervision - Withdrawal of order; duration of order.
The commissioner shall withdraw the supervision order immediately upon determination that the reasons for the supervision set forth in Section 27-2-33 have been corrected or no longer exist, but in no event shall the supervision order last l... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-36/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-36 - Order of Supervision - Effect on Rehabilitation, Liquidation, and Delinquency Proc... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-36 - Order of Supervision - Effect on Rehabilitation, Liquidation, and Delinquency Proceedings. | Section 27-2-36
Order of supervision - Effect on rehabilitation, liquidation, and delinquency proceedings.
The provisions of Chapter 32 of this title concerning rehabilitation and liquidation shall not be stayed during the period of supervision and the commencement of delinquency proceedings under Section 27-32-4, may ... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-37/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-37 - Order of Supervision - Form and Content; Appeal. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-37 - Order of Supervision - Form and Content; Appeal. | Section 27-2-37
Order of supervision - Form and content; appeal.
The order of supervision issuing after the hearing shall follow the provisions of Section 27-2-18, and may be appealed in the same manner as orders falling under the provisions of Section 27-2-32.
(Acts 1975, No. 217, p. 742, §5; Acts 1977, No. 409, p. 54... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-38/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-38 - Order of Supervision - Notice and Hearing as to Issuance. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-38 - Order of Supervision - Notice and Hearing as to Issuance. | Section 27-2-38
Order of supervision - Notice and hearing as to issuance.
No order of supervision shall be issued by the commissioner until the insurance company has been given notice of the commissioner's intentions to place the company under supervision, the appropriate reasons for supervision set out in Section 27-2... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-1/section-27-2-39/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 1 - General Provisions.›Section 27-2-39 - Creation of Insurance Department Fund; Payment of Fees, Etc. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 1 - General Provisions. › Section 27-2-39 - Creation of Insurance Department Fund; Payment of Fees, Etc. | Section 27-2-39
Creation of Insurance Department Fund; payment of fees, etc.
THIS SECTION WAS AMENDED BY ACT 2022-148 IN THE 2022 REGULAR SESSION, EFFECTIVE OCTOBER 1, 2022. TO SEE THE AMENDED VERSION, SEE THE VERSION LABELED PENDING.
(a) There is created a fund in the State Treasury designated the "Insurance Departmen... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-2/section-27-2-50/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 2 - Receivership Division.›Section 27-2-50 - Established; Appointment, Term of Office, and Compensation of Chief. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 2 - Receivership Division. › Section 27-2-50 - Established; Appointment, Term of Office, and Compensation of Chief. | Section 27-2-50
Established; appointment, term of office, and compensation of chief.
There is hereby established within the Department of Insurance a Receivership Division to be managed and headed by a chief of said division. The chief of said Receivership Division shall be appointed by the Commissioner of Insurance an... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-2/section-27-2-51/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 2 - Receivership Division.›Section 27-2-51 - Bond of Chief. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 2 - Receivership Division. › Section 27-2-51 - Bond of Chief. | Section 27-2-51
Bond of chief.
The Chief of the Receivership Division shall make bond payable to the State of Alabama in the amount of $75,000.00, conditioned upon faithful performance of his duties, the premiums of which shall be borne by the state. In addition each receivership court may require adequate bond of said... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-2/section-27-2-52/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 2 - Receivership Division.›Section 27-2-52 - Offices, Equipment, and Personnel; Operating Expenses. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 2 - Receivership Division. › Section 27-2-52 - Offices, Equipment, and Personnel; Operating Expenses. | Section 27-2-52
Offices, equipment, and personnel; operating expenses.
The Commissioner of Insurance shall furnish offices, equipment, operating expenses, and necessary personnel to maintain and operate the Receivership Division. The operating expenses of said division shall as far as practical be paid from the receive... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-2/section-27-2-53/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 2 - Receivership Division.›Section 27-2-53 - Appointment of Chief as Receiver - Generally. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 2 - Receivership Division. › Section 27-2-53 - Appointment of Chief as Receiver - Generally. | Section 27-2-53
Appointment of chief as receiver - Generally.
Upon the Commissioner of Insurance bringing delinquency proceedings against any insurer pursuant to this title, or other insurance laws of the state, the proper circuit court having jurisdiction thereof shall appoint the Chief of the Receivership Division as... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-2/section-27-2-54/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 2 - Receivership Division.›Section 27-2-54 - Appointment of Chief as Receiver - Existing Receiverships. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 2 - Receivership Division. › Section 27-2-54 - Appointment of Chief as Receiver - Existing Receiverships. | Section 27-2-54
Appointment of chief as receiver - Existing receiverships.
The Commissioner of Insurance, as receiver in any existing receivership, may petition the proper receivership court to name as receiver thereof the Chief of the Receivership Division as provided for in this article, and upon making an accounting... |
https://law.justia.com/codes/alabama/title-27/chapter-2/article-2/section-27-2-55/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2 - Department and Commissioner of Insurance.›Article 2 - Receivership Division.›Section 27-2-55 - Assumption by Receiver of Certain Former Powers, Duties, etc., of Commissioner. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2 - Department and Commissioner of Insurance. › Article 2 - Receivership Division. › Section 27-2-55 - Assumption by Receiver of Certain Former Powers, Duties, etc., of Commissioner. | Section 27-2-55
Assumption by receiver of certain former powers, duties, etc., of commissioner.
All duties, rights, power, authority and responsibility placed upon the Commissioner of Insurance by Sections 27-32-15 through 27-32-36, or by future law, as receiver of an insurer shall be vested in and assumed by the recei... |
https://law.justia.com/codes/alabama/title-27/chapter-2a/section-27-2a-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2A - Disclosure of Material Transactions.›Section 27-2A-1 - Short Title. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2A - Disclosure of Material Transactions. › Section 27-2A-1 - Short Title. | Section 27-2A-1
Short title.
This chapter shall be known as the Alabama Disclosure of Material Transactions Act.
(Acts 1996, No. 96-784, p. 1426, §2.) |
https://law.justia.com/codes/alabama/title-27/chapter-2a/section-27-2a-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2A - Disclosure of Material Transactions.›Section 27-2A-2 - Report of Material Acquisitions and Dispositions; Confidential Treatment. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2A - Disclosure of Material Transactions. › Section 27-2A-2 - Report of Material Acquisitions and Dispositions; Confidential Treatment. | Section 27-2A-2
Report of material acquisitions and dispositions; confidential treatment.
(a) Every insurer domiciled in this state shall file a report with the commissioner disclosing material acquisitions and dispositions of assets or material nonrenewals, cancellations, or revisions of ceded reinsurance agreements u... |
https://law.justia.com/codes/alabama/title-27/chapter-2a/section-27-2a-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2A - Disclosure of Material Transactions.›Section 27-2A-3 - Materiality; Scope; Information to Be Reported. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2A - Disclosure of Material Transactions. › Section 27-2A-3 - Materiality; Scope; Information to Be Reported. | Section 27-2A-3
Materiality; scope; information to be reported.
(a) Materiality. No acquisitions or dispositions of assets need be reported, pursuant to Section 27-2A-2, if the acquisitions or dispositions are not material. For purposes of this section, a material acquisition (or the aggregate of any series of related ... |
https://law.justia.com/codes/alabama/title-27/chapter-2a/section-27-2a-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2A - Disclosure of Material Transactions.›Section 27-2A-4 - Nonrenewals, Cancellations, or Revisions of Ceded Reinsurance Agreements. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2A - Disclosure of Material Transactions. › Section 27-2A-4 - Nonrenewals, Cancellations, or Revisions of Ceded Reinsurance Agreements. | Section 27-2A-4
Nonrenewals, cancellations, or revisions of ceded reinsurance agreements.
(a) Materiality and scope.
(1) No nonrenewals, cancellations, or revisions of ceded reinsurance agreements need be reported pursuant to Section 27-2A-2 if the nonrenewals, cancellations, or revisions are not material. For purposes... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-1 - Short Title. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-1 - Short Title. | Section 27-2B-1
Short title.
This chapter shall be known as the Alabama Risk-Based Capital (RBC) for Insurers Act.
(Acts 1996, No. 96-784, p. 1426, §6.) |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-2 - Definitions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-2 - Definitions. | Section 27-2B-2
Definitions.
As used in this chapter, these terms shall have the following meanings:
(1) ADJUSTED RBC REPORT. An RBC report which has been adjusted by the commissioner in accordance with subsection (e) of Section 27-2B-3.
(2) CORRECTIVE ORDER. An order issued by the commissioner specifying corrective ac... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-3 - Preparation and Submission of Rbc Report; Formulas; Desirability of Excess Capital... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-3 - Preparation and Submission of Rbc Report; Formulas; Desirability of Excess Capital; Adjustment of Inaccurate Rbc Report. | Section 27-2B-3
Preparation and submission of RBC report; formulas; desirability of excess capital; adjustment of inaccurate RBC report.
(a) Every domestic insurer shall, on or prior to each March 1 (the "filing date"), prepare and submit to the commissioner a report of its RBC levels as of the end of the calendar year... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-4 - Company Action Level Event; Preparation and Submission of Rbc Plan or Revised Rbc... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-4 - Company Action Level Event; Preparation and Submission of Rbc Plan or Revised Rbc Plan; Notification of Unsatisfactory Filing; Copies of Plans. | Section 27-2B-4
Company action level event; preparation and submission of RBC plan or revised RBC plan; notification of unsatisfactory filing; copies of plans.
(a) Company action level event means any of the following events:
(1) The filing of an RBC report by an insurer which indicates any of the following:
a. The ins... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-5 - Regulatory Action Level Event; Commissioner's Duties; Determination of Corrective... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-5 - Regulatory Action Level Event; Commissioner's Duties; Determination of Corrective Actions; Retention of Consultants. | Section 27-2B-5
Regulatory action level event; commissioner's duties; determination of corrective actions; retention of consultants.
(a) "Regulatory action level event" means, with respect to any insurer, any of the following events:
(1) The filing of an RBC report by the insurer which indicates that the insurer's tota... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-6 - Authorized Control Level Event; Commissioner's Duties. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-6 - Authorized Control Level Event; Commissioner's Duties. | Section 27-2B-6
Authorized control level event; commissioner's duties.
(a) "Authorized control level event" means any of the following events:
(1) The filing of an RBC report by the insurer which indicates that the insurer's total adjusted capital is greater than or equal to its mandatory control level RBC but less tha... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-7 - Mandatory Control Level Event; Commissioner's Duties. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-7 - Mandatory Control Level Event; Commissioner's Duties. | Section 27-2B-7
Mandatory control level event; commissioner's duties.
(a) "Mandatory control level event" means any of the following events:
(1) The filing of an RBC report which indicates that the insurer's total adjusted capital is less than its mandatory control level RBC.
(2) Notification by the commissioner to the... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-8 - Right to Departmental Hearing; Notification of Request for Hearing. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-8 - Right to Departmental Hearing; Notification of Request for Hearing. | Section 27-2B-8
Right to departmental hearing; notification of request for hearing.
(a) An insurer shall have the right to a departmental hearing, on the record, at which the insurer may challenge a determination or action by the commissioner upon any of the following:
(1) Notification to an insurer by the commissioner... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-9 - Confidentiality of Reports and Plans; Information Sharing Agreements; Publication... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-9 - Confidentiality of Reports and Plans; Information Sharing Agreements; Publication of Rbc Levels Prohibited; Use of Reports and Plans by Commissioner. | Section 27-2B-9
Confidentiality of reports and plans; information sharing agreements; publication of RBC levels prohibited; use of reports and plans by commissioner.
(a) All RBC reports, to the extent the information therein is not required to be set forth in a publicly available annual statement schedule, and RBC plan... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-10 - Relationship to Other Laws; Adoption of Rules; Exemptions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-10 - Relationship to Other Laws; Adoption of Rules; Exemptions. | Section 27-2B-10
Relationship to other laws; adoption of rules; exemptions.
(a) The provisions of this chapter are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or duties of the commissioner under other laws, including, but not limited to, Chapter 32, a... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-11 - Foreign Insurers; Submission of Rbc Report or Plan; Application for Liquidation o... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-11 - Foreign Insurers; Submission of Rbc Report or Plan; Application for Liquidation of Property. | Section 27-2B-11
Foreign insurers; submission of RBC report or plan; application for liquidation of property.
(a) Any foreign insurer shall, upon the written request of the commissioner, submit to the commissioner an RBC report, as of the end of the calendar year just ended, the later of either:
(1) The date an RBC rep... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-12 - Liability of Commissioner or Department of Insurance. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-12 - Liability of Commissioner or Department of Insurance. | Section 27-2B-12
Liability of commissioner or Department of Insurance.
There shall be no liability on the part of, and no cause of action shall arise against, the commissioner or the Department of Insurance, or its employees or agents for any action taken by them in the performance of their powers and duties pursuant t... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-13 - Effectiveness of Notice to Insurer. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-13 - Effectiveness of Notice to Insurer. | Section 27-2B-13
Effectiveness of notice to insurer.
All notices by the commissioner to an insurer that may result in regulatory action pursuant to this chapter, shall be effective upon dispatch if transmitted by registered or certified mail, or in the case of any other transmission shall be effective upon the insurer'... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-14 - Rbc Reports With Respect to 1996. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-14 - Rbc Reports With Respect to 1996. | Section 27-2B-14
RBC reports with respect to 1996.
(a) For RBC reports required to be filed by life insurers with respect to 1996, the following requirements shall apply in lieu of the provisions of Sections 27-2B-4, 27-2B-5, 27-2B-6, and 27-2B-7 as follows:
(1) In the event of a company action level event, with respec... |
https://law.justia.com/codes/alabama/title-27/chapter-2b/section-27-2b-14-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 2B - Risk-Based Capital for Insurers.›Section 27-2B-14.1 - Rbc Reports With Respect to 2015. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 2B - Risk-Based Capital for Insurers. › Section 27-2B-14.1 - Rbc Reports With Respect to 2015. | Section 27-2B-14.1
RBC reports with respect to 2015.
For RBC reports required to be filed by health organizations and fraternal benefit societies with respect to 2015, the following requirements shall apply in lieu of the provisions of Sections 27-2B-4, 27-2B-5, 27-2B-6, and 27-2B-7:
(1) In the event of a company actio... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-1 - Certificate of Authority - Requirement. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-1 - Certificate of Authority - Requirement. | Section 27-3-1
Certificate of authority - Requirement.
(a) No person shall act as an insurer and no insurer shall transact insurance in this state unless so authorized by a subsisting certificate of authority issued to it by the commissioner, except as to such transactions as are expressly otherwise provided for in thi... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-2 - Certificate of Authority - Exceptions - Generally. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-2 - Certificate of Authority - Exceptions - Generally. | Section 27-3-2
Certificate of authority - Exceptions - Generally.
A certificate of authority shall not be required of an insurer with respect to the following:
(1) Transactions relative to its policies lawfully written in this state or liquidation of assets and liabilities of the insurer, other than collection of new p... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-3 - Certificate of Authority - Exceptions - Investment in Real Estate or Securities Sec... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-3 - Certificate of Authority - Exceptions - Investment in Real Estate or Securities Secured Thereby. | Section 27-3-3
Certificate of authority - Exceptions - Investment in real estate or securities secured thereby.
A foreign insurer may transact business in this state without certificate of authority for the purpose, and to the extent only, of investing its funds in real estate located in this state, or in securities se... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-4 - Authority to Transact Insurance - Eligibility. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-4 - Authority to Transact Insurance - Eligibility. | Section 27-3-4
Authority to transact insurance - Eligibility.
To qualify for and hold authority to transact insurance in this state, an insurer must be otherwise in compliance with this title and with its charter powers and must be an incorporated stock insurer or an incorporated mutual insurer or a reciprocal insurer,... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-5 - Authority to Transact Insurance - Use of Name by Insurer. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-5 - Authority to Transact Insurance - Use of Name by Insurer. | Section 27-3-5
Authority to transact insurance - Use of name by insurer.
(a) No insurer shall be authorized to transact insurance which has or uses a name so similar to that of another insurer already so authorized as likely to mislead the public.
(b) No life insurer shall be so authorized which has or uses a name dece... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-6 - Authority to Transact Insurance - Kind or Combinations of Kinds - Restrictions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-6 - Authority to Transact Insurance - Kind or Combinations of Kinds - Restrictions. | Section 27-3-6
Authority to transact insurance - Kind or combinations of kinds - Restrictions.
An insurer which otherwise qualifies therefor may be authorized to transact any one kind or combination of kinds of insurance as defined in Chapter 5 of this title, except:
(1) A life insurer may grant annuities and shall be ... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-6-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-6.1 - Authority to Transact Insurance - Kind or Combinations of Kinds - Closing or Sett... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-6.1 - Authority to Transact Insurance - Kind or Combinations of Kinds - Closing or Settlement Protection. | Section 27-3-6.1
Authority to transact insurance - Kind or combinations of kinds - Closing or settlement protection.
(a) Notwithstanding the provisions of subdivision (3) of Section 27-3-6, a title insurer may issue closing or settlement protection to a person who is a party to a transaction in which a title insurance ... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-7 - Authority to Transact Insurance - Kind or Combinations of Kinds - Minimum Paid-in C... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-7 - Authority to Transact Insurance - Kind or Combinations of Kinds - Minimum Paid-in Capital Stock and Surplus. | Section 27-3-7
Authority to transact insurance - Kind or combinations of kinds - Minimum paid-in capital stock and surplus.
(a) To qualify for authority to transact any one kind of insurance, as defined in Chapter 5 of this title, or combination of kinds of insurance as shown below, an insurer applying for its original... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-8 - Authority to Transact Insurance - Kind or Combinations of Kinds - Special Surplus. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-8 - Authority to Transact Insurance - Kind or Combinations of Kinds - Special Surplus. | Section 27-3-8
Authority to transact insurance - Kind or combinations of kinds - Special surplus.
(a) In addition to the minimum paid-in capital stock (stock insurers) or minimum surplus (mutual and reciprocal insurers) required by Section 27-3-7, special surplus shall be possessed by insurers hereafter applying for or... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-9 - Minimum Capital and Surplus for New Domestic Stock Life Insurance Company. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-9 - Minimum Capital and Surplus for New Domestic Stock Life Insurance Company. | Section 27-3-9
Minimum capital and surplus for new domestic stock life insurance company.
The minimum capital required to form and organize a new domestic stock life insurance company shall be $1,000,000.00, and in addition thereto the minimum surplus to form such a company shall be $1,000,000.00.
(Acts 1973, No. 643, ... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-10 - Application of Capital Surplus to Reduction or Elimination of Deficit by Domestic... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-10 - Application of Capital Surplus to Reduction or Elimination of Deficit by Domestic Stock Insurers. | Section 27-3-10
Application of capital surplus to reduction or elimination of deficit by domestic stock insurers.
(a) For the purposes of this section, the following words and phrases shall have the following meanings:
(1) DOMESTIC STOCK INSURER. A corporation incorporated under the laws of the State of Alabama with it... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-11 - Deposit Requirements - Generally. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-11 - Deposit Requirements - Generally. | Section 27-3-11
Deposit requirements - Generally.
(a) The commissioner shall not issue or permit to exist a certificate of authority as to any insurer, other than an alien insurer, unless it has deposited and maintains deposited in trust with the Treasurer of this state cash or securities eligible under Section 27-6-3 ... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-12 - Deposit Requirements - Special Deposit - Surety Insurers. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-12 - Deposit Requirements - Special Deposit - Surety Insurers. | Section 27-3-12
Deposit requirements - Special deposit - Surety insurers.
(a) In addition to the deposit required under Sections 27-3-11 or 27-3-14, a surety insurer shall deposit and maintain deposited with the Treasurer of this state in trust for the benefit of holders, resident in this state, of the obligations of t... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-13 - Deposit Requirements - Special Deposit - Title Insurers. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-13 - Deposit Requirements - Special Deposit - Title Insurers. | Section 27-3-13
Deposit requirements - Special deposit - Title insurers.
(a) For authority to transact such insurance in this state, a foreign title insurer shall have and maintain on deposit in this state for the better protection of its guaranty holders and creditors, resident in this state, under its contracts of ti... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-14 - Deposit Requirements - Alien Insurers - Generally. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-14 - Deposit Requirements - Alien Insurers - Generally. | Section 27-3-14
Deposit requirements - Alien insurers - Generally.
(a) An alien insurer shall not have authority to transact insurance in this state unless it has and maintains within the United States as deposits with trustees, public depositaries or in trust institutions approved by the commissioner under Section 27-... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-15 - Deposit Requirements - Alien Insurers - Trusteed Assets. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-15 - Deposit Requirements - Alien Insurers - Trusteed Assets. | Section 27-3-15
Deposit requirements - Alien insurers - Trusteed assets.
(a) In order to comply with the requirements of Section 27-3-14, an alien insurer shall appoint citizens of the United States of America or public depositaries or trust institutions located in the United States, all as approved by the commissioner... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-16 - Lloyd's Insurers. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-16 - Lloyd's Insurers. | Section 27-3-16
Lloyd's insurers.
Aggregations of individuals as underwriters, whether domestic, foreign, or alien, assuming insurance risks upon the plan known as "Lloyd's," whereby each underwriter is liable for the proportionate part assumed by him of the whole amount so insured by a policy issued by such underwrite... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-17/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-17 - Application for Certificate of Authority - Filing. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-17 - Application for Certificate of Authority - Filing. | Section 27-3-17
Application for certificate of authority - Filing.
To apply for an original certificate of authority an insurer shall file with the commissioner its application therefor, accompanied by the applicable fees as specified in Section 27-4-2, showing its name, location of its home office or, if an alien insu... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-18/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-18 - Application for Certificate of Authority - Issuance or Refusal; Ownership of Certi... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-18 - Application for Certificate of Authority - Issuance or Refusal; Ownership of Certificate. | Section 27-3-18
Application for certificate of authority - Issuance or refusal; ownership of certificate.
(a) If upon completion of the application for a certificate of authority the commissioner finds that the insurer has met the requirements for and is entitled thereto under this title, he shall issue to the insurer ... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-19/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-19 - Continuance, Expiration, Reinstatement and Amendment of Certificates. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-19 - Continuance, Expiration, Reinstatement and Amendment of Certificates. | Section 27-3-19
Continuance, expiration, reinstatement and amendment of certificates.
(a) Certificates of authority issued or renewed under this title shall continue in force as long as the insurer is entitled thereto under this title and until suspended, revoked or terminated at the request of the insurer; subject, ho... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-20/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-20 - Suspension or Revocation of Certificates - Mandatory Grounds; Notice and Hearing. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-20 - Suspension or Revocation of Certificates - Mandatory Grounds; Notice and Hearing. | Section 27-3-20
Suspension or revocation of certificates - Mandatory grounds; notice and hearing.
(a) The commissioner shall suspend or revoke an insurer's certificate of authority:
(1) If such action is required by any provision of this title;
(2) If the insurer no longer meets the requirements for the authority origi... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-21 - Suspension or Revocation of Certificates - Additional Grounds; Notice and Hearing. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-21 - Suspension or Revocation of Certificates - Additional Grounds; Notice and Hearing. | Section 27-3-21
Suspension or revocation of certificates - Additional grounds; notice and hearing.
(a) The commissioner may, in his discretion, suspend or revoke an insurer's certificate of authority if, after a hearing thereon, he finds that the insurer has willfully violated any material provision of this title other... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-22/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-22 - Suspension or Revocation of Certificates - Order and Notices. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-22 - Suspension or Revocation of Certificates - Order and Notices. | Section 27-3-22
Suspension or revocation of certificates - Order and notices.
(a) Suspension or revocation of an insurer's certificate of authority shall be by the commissioner's order given to the insurer as provided by Section 27-2-18. The commissioner shall promptly also give notice of such suspension or revocation ... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-23/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-23 - Suspension or Revocation of Certificates - Duration of Suspension; Obligations of... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-23 - Suspension or Revocation of Certificates - Duration of Suspension; Obligations of Insurer During Suspension; Reinstatement. | Section 27-3-23
Suspension or revocation of certificates - Duration of suspension; obligations of insurer during suspension; reinstatement.
(a) Suspension of an insurer's certificate of authority shall be for such period as is fixed by the commissioner in the order of suspension, but not to exceed one year from the dat... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-24/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-24 - Service of Process on Insurers - Appointment of Commissioner as Agent. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-24 - Service of Process on Insurers - Appointment of Commissioner as Agent. | Section 27-3-24
Service of process on insurers - Appointment of commissioner as agent.
(a) Each insurer applying for a certificate of authority to transact business in this state shall file with the commissioner an appointment of the commissioner and his successors in office, on a form as furnished by the commissioner,... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-25/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-25 - Service of Process on Insurers - How Served; Time to Answer or Plead. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-25 - Service of Process on Insurers - How Served; Time to Answer or Plead. | Section 27-3-25
Service of process on insurers - How served; time to answer or plead.
(a) Service of process upon the commissioner as process agent of the insurer under Section 27-3-24 shall be made by the proper officer of Montgomery County by serving copies in triplicate of the process upon the commissioner or upon h... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-26/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-26 - Annual Statement of Insurers; Furnishing of Other Information on Request. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-26 - Annual Statement of Insurers; Furnishing of Other Information on Request. | Section 27-3-26
Annual statement of insurers; furnishing of other information on request.
(a) Each authorized insurer shall, annually on or before March 1, or within such extension of time not exceeding 30 days after March 1 as the commissioner for good cause shown may grant as to a particular insurer, file with the co... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-26-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-26.1 - Annual Submission of Statement of Actuarial Opinion; Application for Exemption. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-26.1 - Annual Submission of Statement of Actuarial Opinion; Application for Exemption. | Section 27-3-26.1
Annual submission of Statement of Actuarial Opinion; application for exemption.
(a) Every property or casualty insurer doing business in this state, unless otherwise exempted by law or by the domiciliary commissioner, shall annually submit the opinion of an appointed actuary entitled Statement of Actu... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-27/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-27 - Insurers to Do Business Through Licensed Agents, etc.; Exceptions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-27 - Insurers to Do Business Through Licensed Agents, etc.; Exceptions. | Section 27-3-27
Insurers to do business through licensed agents, etc.; exceptions.
(a) No insurer shall, in this state, directly or indirectly, accept applications for insurance, negotiate for or issue any policy or contract of insurance or assume direct liability as to a subject of insurance resident, located, or to b... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-28/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-28 - Execution of Contracts Through Countersigning Resident Agent; Exceptions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-28 - Execution of Contracts Through Countersigning Resident Agent; Exceptions. | Section 27-3-28
Execution of contracts through countersigning resident agent; exceptions.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1935, No. 194, p. 256; Acts 1971, No. 407, p. 707, §§73, 74; Acts 1988, No. 88-123, p. 159, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-29/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-29 - Protection of State Insurers Against Foreign Discriminatory or Onerous Requirement... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-29 - Protection of State Insurers Against Foreign Discriminatory or Onerous Requirements. | Section 27-3-29
Protection of state insurers against foreign discriminatory or onerous requirements.
(a) The purpose of this section is to aid in the protection of insurers formed under the laws of Alabama and transacting insurance in other states or countries against discriminatory or onerous requirements under the la... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-30/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-30 - Foreign Insurer May Become Domestic Insurer; Method; Certificate and License Eligi... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-30 - Foreign Insurer May Become Domestic Insurer; Method; Certificate and License Eligibility; Authority and Jurisdiction of State; Continuation of Corporate Existence and Date of Incorporation. | Section 27-3-30
Foreign insurer may become domestic insurer; method; certificate and license eligibility; authority and jurisdiction of state; continuation of corporate existence and date of incorporation.
Any insurer which is organized under the laws of any other state and is admitted to do business in this state for ... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-31/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-31 - Domestic Insurer May Transfer Domicile to Another State and Be Admitted as Foreign... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-31 - Domestic Insurer May Transfer Domicile to Another State and Be Admitted as Foreign Insurer if So Qualified; Approval of Commissioner of Insurance; Effect of Interests of Policyholders. | Section 27-3-31
Domestic insurer may transfer domicile to another state and be admitted as foreign insurer if so qualified; approval of Commissioner of Insurance; effect of interests of policyholders.
Any domestic insurer may, upon the approval of the Commissioner of Insurance, transfer its domicile to any other state ... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-32/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-32 - Domestic Insurer May Transfer Domicile to Another State and Be Admitted as Foreign... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-32 - Domestic Insurer May Transfer Domicile to Another State and Be Admitted as Foreign Insurer if So Qualified; Approval of Commissioner of Insurance; Effect of Interests of Policyholders; Effect Upon Certificates of A... | Section 27-3-32
Domestic insurer may transfer domicile to another state and be admitted as foreign insurer if so qualified; approval of Commissioner of Insurance; effect of interests of policyholders; effect upon certificates of authority, agents, etc., including outstanding policies; insurer's duty to file new policy ... |
https://law.justia.com/codes/alabama/title-27/chapter-3/section-27-3-33/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3 - Authorization of Insurers.›Section 27-3-33 - Rules and Regulations. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3 - Authorization of Insurers. › Section 27-3-33 - Rules and Regulations. | Section 27-3-33
Rules and regulations.
The Commissioner of Insurance of this state may promulgate necessary rules and regulations to carry out the purposes of Sections 27-3-30 through 27-3-32.
(Acts 1991, No. 91-446, p. 816, §4.) |
https://law.justia.com/codes/alabama/title-27/chapter-3a/section-27-3a-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3A - Health Care Service Utilization Review Act.›Section 27-3A-1 - Short Title. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3A - Health Care Service Utilization Review Act. › Section 27-3A-1 - Short Title. | Section 27-3A-1
Short title.
This chapter may be cited as the "Health Care Service Utilization Review Act."
(Acts 1994, 1st Ex. Sess., No. 94-786, p. 80, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-3a/section-27-3a-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3A - Health Care Service Utilization Review Act.›Section 27-3A-2 - Purposes. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3A - Health Care Service Utilization Review Act. › Section 27-3A-2 - Purposes. | Section 27-3A-2
Purposes.
The purposes of this chapter are to:
(1) Promote the delivery of quality health care in a cost-effective manner.
(2) Assure that utilization review agents adhere to reasonable standards for conducting utilization review.
(3) Foster greater coordination and cooperation between health care provi... |
https://law.justia.com/codes/alabama/title-27/chapter-3a/section-27-3a-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3A - Health Care Service Utilization Review Act.›Section 27-3A-3 - Definitions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3A - Health Care Service Utilization Review Act. › Section 27-3A-3 - Definitions. | Section 27-3A-3
Definitions.
As used in this chapter, the following words and phrases shall have the following meanings:
(1) DEPARTMENT. The Alabama Department of Public Health.
(2) ENROLLEE. An individual who has contracted for or who participates in coverage under an insurance policy, a health maintenance organizatio... |
https://law.justia.com/codes/alabama/title-27/chapter-3a/section-27-3a-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3A - Health Care Service Utilization Review Act.›Section 27-3A-4 - Duties of Utilization Review Agents. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3A - Health Care Service Utilization Review Act. › Section 27-3A-4 - Duties of Utilization Review Agents. | Section 27-3A-4
Duties of utilization review agents.
(a) Utilization review agents shall adhere to the minimum standards set forth in Section 27-3A-5.
(b) On or after July 1, 1994, a utilization review agent shall not conduct a utilization review in this state unless the agent has certified to the department in writing... |
https://law.justia.com/codes/alabama/title-27/chapter-3a/section-27-3a-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3A - Health Care Service Utilization Review Act.›Section 27-3A-5 - Standards for Utilization Review Agents. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3A - Health Care Service Utilization Review Act. › Section 27-3A-5 - Standards for Utilization Review Agents. | Section 27-3A-5
Standards for utilization review agents.
(a) Except as provided in subsection (b), all utilization review agents shall meet the following minimum standards:
(1) Notification of a determination by the utilization review agent shall be mailed or otherwise communicated to the provider of record or the enro... |
https://law.justia.com/codes/alabama/title-27/chapter-3a/section-27-3a-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 3A - Health Care Service Utilization Review Act.›Section 27-3A-6 - Violations of Chapter by Utilization Review Agent. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 3A - Health Care Service Utilization Review Act. › Section 27-3A-6 - Violations of Chapter by Utilization Review Agent. | Section 27-3A-6
Violations of chapter by utilization review agent.
(a) Whenever the department has reason to believe that a utilization review agent subject to this chapter has been or is engaged in conduct that violates this chapter, the department shall notify the utilization review agent of the alleged violation. Th... |
https://law.justia.com/codes/alabama/title-27/chapter-4/section-27-4-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 4 - Fees and Taxes.›Section 27-4-2 - Advance Fees, Licenses, and Miscellaneous Charges. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 4 - Fees and Taxes. › Section 27-4-2 - Advance Fees, Licenses, and Miscellaneous Charges. | Section 27-4-2
Advance fees, licenses, and miscellaneous charges.
(a) The Commissioner of Insurance shall collect in advance fees, licenses, and miscellaneous charges as follows:
(1) Certificate of authority:
a. Initial application for original certificate of authority, including the filing with the commissioner of all... |
https://law.justia.com/codes/alabama/title-27/chapter-4/section-27-4-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 4 - Fees and Taxes.›Section 27-4-8 - Annual License Fee of Life Insurers Organized to Aid Nonprofit Educational and Scie... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 4 - Fees and Taxes. › Section 27-4-8 - Annual License Fee of Life Insurers Organized to Aid Nonprofit Educational and Scientific Institutions. | Section 27-4-8
Annual license fee of life insurers organized to aid nonprofit educational and scientific institutions.
Annuity considerations and premiums received by a life insurer licensed to transact business in this state and which is organized and operated without profit to any private shareholder or individual an... |
https://law.justia.com/codes/alabama/title-27/chapter-4/section-27-4-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 4 - Fees and Taxes.›Section 27-4-11 - Refund of Taxes or Licenses Paid by Mistake. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 4 - Fees and Taxes. › Section 27-4-11 - Refund of Taxes or Licenses Paid by Mistake. | Section 27-4-11
Refund of taxes or licenses paid by mistake.
(a) Where any taxpayer in the payment of taxes or payments of licenses which are paid directly to the commissioner and where by a mistake of fact or law has paid an amount in excess of the amount due or has made an erroneous payment, the Comptroller is author... |
https://law.justia.com/codes/alabama/title-27/chapter-4a/section-27-4a-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 4A - Insurance Premium Tax.›Section 27-4A-1 - Short Title. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 4A - Insurance Premium Tax. › Section 27-4A-1 - Short Title. | Section 27-4A-1
Short title.
This chapter shall be known and may be cited as "The Insurance Premium Tax Reform Act of 1993."
(Acts 1993, No. 93-679, p. 1291, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-4a/section-27-4a-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 4A - Insurance Premium Tax.›Section 27-4A-2 - Definitions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 4A - Insurance Premium Tax. › Section 27-4A-2 - Definitions. | Section 27-4A-2
Definitions.
For the purposes of this chapter only, the following terms, unless the context clearly indicates otherwise, shall have the meanings:
(1) ANNUITY CONSIDERATIONS. All sums received as consideration for annuity contracts.
(2) COMMISSIONER. The Commissioner of Insurance of the State of Alabama.... |
https://law.justia.com/codes/alabama/title-27/chapter-4a/section-27-4a-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 4A - Insurance Premium Tax.›Section 27-4A-3 - Generally. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 4A - Insurance Premium Tax. › Section 27-4A-3 - Generally. | Section 27-4A-3
Generally.
(a) Subject to the exceptions and exemptions hereinafter set forth, for the year beginning on January 1, 1995, and for each year thereafter, every insurer shall pay to the commissioner a premium tax equal to the percentage, as set out in this subsection, of the premiums received by the insure... |
https://law.justia.com/codes/alabama/title-27/chapter-4a/section-27-4a-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 4A - Insurance Premium Tax.›Section 27-4A-4 - Penalties. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 4A - Insurance Premium Tax. › Section 27-4A-4 - Penalties. | Section 27-4A-4
Penalties.
Every insurer failing to comply with the requirements of this chapter shall be subject to a penalty of not less than $1,000 nor exceeding $10,000, recoverable in an action brought by the Attorney General for the commissioner. Upon any violation, the commissioner may suspend or revoke the insu... |
https://law.justia.com/codes/alabama/title-27/chapter-4a/section-27-4a-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 4A - Insurance Premium Tax.›Section 27-4A-5 - Exclusive Tax on Premiums. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 4A - Insurance Premium Tax. › Section 27-4A-5 - Exclusive Tax on Premiums. | Section 27-4A-5
Exclusive tax on premiums.
The premium tax levied by this chapter is exclusive and shall be in lieu of all other and additional taxes and licenses of the state or county imposed on, based upon or measured by premiums received by the insurer for business done in this state. No license or privilege tax sh... |
https://law.justia.com/codes/alabama/title-27/chapter-4a/section-27-4a-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 4A - Insurance Premium Tax.›Section 27-4A-6 - Exemption From Income and Ad Valorem Taxes. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 4A - Insurance Premium Tax. › Section 27-4A-6 - Exemption From Income and Ad Valorem Taxes. | Section 27-4A-6
Exemption from income and ad valorem taxes.
Nothing in this chapter shall be construed to repeal any existing laws or statutes which exempt or exclude insurers from the payment of fees, taxes, or licenses other than the tax imposed by this chapter. Without limiting the generality of the preceding senten... |
https://law.justia.com/codes/alabama/title-27/chapter-4a/section-27-4a-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 4A - Insurance Premium Tax.›Section 27-4A-7 - Mutual Aid Associations. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 4A - Insurance Premium Tax. › Section 27-4A-7 - Mutual Aid Associations. | Section 27-4A-7
Mutual aid associations.
Mutual aid associations shall be subject to the provisions of this chapter and subject to the annual premium tax to be paid by insurers on insurance premiums.
(Acts 1993, No. 93-679, p. 1291, §10.) |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.›Section 27-5-1 - Definitions Not Mutually Exclusive; Exceptions to Applicability of Chapter. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-1 - Definitions Not Mutually Exclusive; Exceptions to Applicability of Chapter. | Section 27-5-1
Definitions not mutually exclusive; exceptions to applicability of chapter.
(a) It is intended that certain insurance coverages may come within the definitions of two or more kinds of insurance as defined in this chapter, and the inclusion of such coverage within one definition shall not exclude it as to... |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.›Section 27-5-2 - "Life Insurance" Defined. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-2 - "Life Insurance" Defined. | Section 27-5-2
"Life insurance" defined.
"Life insurance" is insurance on human lives. The transaction of life insurance includes also the granting of endowment benefits, additional benefits in event of death or dismemberment by accident or accidental means, additional benefits in event of the insured's disability, bur... |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.›Section 27-5-3 - "Annuity" Defined. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-3 - "Annuity" Defined. | Section 27-5-3
"Annuity" defined.
For the purpose of this title, an "annuity" is a contract under which obligations are assumed with respect to periodic payments for a specific term, or terms, or where the making or continuance of all or of some of such payments or the amount of any such payment is dependent upon the c... |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.›Section 27-5-4 - "Disability Insurance" Defined. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-4 - "Disability Insurance" Defined. | Section 27-5-4
"Disability insurance" defined.
"Disability insurance" is insurance of human beings against bodily injury, disablement or death by accident or accidental means, or the expense thereof, or against disablement or expense resulting from sickness and every insurance appertaining thereto. Disability insurance... |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.›Section 27-5-5 - "Property Insurance" Defined. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-5 - "Property Insurance" Defined. | Section 27-5-5
"Property insurance" defined.
"Property insurance" is insurance on real or personal property of every kind and of every interest therein, whether on land, water, or in the air, against loss or damage from any and every hazard or cause and against loss consequential upon such loss or damage other than non... |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.›Section 27-5-6 - "Casualty Insurance" Defined. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-6 - "Casualty Insurance" Defined. | Section 27-5-6
"Casualty insurance" defined.
(a) "Casualty insurance" includes:
(1) VEHICLE INSURANCE. Insurance against loss of, or damage to, any land vehicle or aircraft, or any draft or riding animal or to property while contained therein or thereon or being loaded or unloaded therein or therefrom from any hazard o... |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.›Section 27-5-7 - "Surety Insurance" Defined. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-7 - "Surety Insurance" Defined. | Section 27-5-7
"Surety insurance" defined.
"Surety insurance" includes:
(1) Fidelity insurance, which is insurance guaranteeing the fidelity of persons holding positions of public or private trust;
(2) Insurance guaranteeing the performance of contracts, other than insurance policies, and guaranteeing and executing bon... |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.›Section 27-5-8 - "Marine Insurance" Defined. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-8 - "Marine Insurance" Defined. | Section 27-5-8
"Marine insurance" defined.
"Marine insurance" includes:
(1) Insurance against any and all kinds of loss or damage to:
a. Vessels, craft, aircraft, cars, automobiles and vehicles of every kind, as well as all goods, freights, cargoes, merchandise, effects, disbursements, profits, moneys, bullion, preciou... |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.›Section 27-5-9 - "Wet Marine and Transportation Insurance" Defined. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-9 - "Wet Marine and Transportation Insurance" Defined. | Section 27-5-9
"Wet marine and transportation 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... |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.›Section 27-5-10 - "Title Insurance" Defined. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-10 - "Title Insurance" Defined. | Section 27-5-10
"Title insurance" defined.
"Title insurance" is insurance of owners of property, or others having an interest therein or liens or encumbrances thereon against loss by encumbrance, or defective titles, or invalidity or adverse claim to title.
(Acts 1971, No. 407, p. 707, §94.) |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.›Section 27-5-11 - Limits of Risk. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-11 - Limits of Risk. | Section 27-5-11
Limits of risk.
(a) No insurer shall retain any risk on any one subject of insurance, whether located or to be performed in this state or elsewhere, in an amount exceeding 10 percent of its surplus to policyholders.
(b) A "subject of insurance," for the purposes of this section, as to insurance against ... |
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Calculates the total number of words in the content of entries related to 'Title 8' in Colorado, providing insight into the volume of text data available for that specific category and state.