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https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-12/ | 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 27-5-12 - Reinsurance. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-12 - Reinsurance. | Section 27-5-12
Reinsurance.
Repealed by Act 2013-209, §2, effective January 1, 2014.
(Acts 1971, No. 407, p. 707, §96; Acts 1990, No. 90-767, p. 1566; Acts 1994, 1st Ex. Sess., No. 94-788, p. 87, §1; Act 2003-346, p. 879, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-5/section-27-5-13/ | 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 27-5-13 - Denial of Health or Disability Insurance Coverage Upon Diagnosis of Sickle-Cell An... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance. › Section 27-5-13 - Denial of Health or Disability Insurance Coverage Upon Diagnosis of Sickle-Cell Anemia Prohibited. | Section 27-5-13
Denial of health or disability insurance coverage upon diagnosis of sickle-cell anemia prohibited.
Notwithstanding any other provision of law, any insurance company doing business within the state which offers health or disability insurance, is hereby prohibited from denying coverage to applicants becau... |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-1 - Short Title. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-1 - Short Title. | Section 27-5A-1
Short title.
This chapter may be cited as the Alabama Reinsurance Intermediary Act.
(Acts 1993, No. 93-673, p. 1215, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-2 - Definitions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-2 - Definitions. | Section 27-5A-2
Definitions.
As used in this chapter, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) ACTUARY. A person who is a member in good standing of the American Academy of Actuaries.
(2) COMMISSIONER. The Alabama Commissioner of Insurance.... |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-3 - Licensure. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-3 - Licensure. | Section 27-5A-3
Licensure.
(a) No person, firm, association, or corporation shall act as a reinsurance intermediary-broker in this state if the reinsurance intermediary-broker maintains an office either directly, or as a member or employee of a firm or association, or an officer, director, or employee of a corporation:... |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-4 - Required Contract Provisions; Reinsurance Intermediary-Brokers. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-4 - Required Contract Provisions; Reinsurance Intermediary-Brokers. | Section 27-5A-4
Required contract provisions; reinsurance intermediary-brokers.
Transactions between a reinsurance intermediary-broker and the insurer it represents in that capacity shall only be entered into pursuant to a written authorization, specifying the responsibilities of each party. The authorization shall, at... |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-5 - Books and Records; Reinsurance Intermediary-Brokers. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-5 - Books and Records; Reinsurance Intermediary-Brokers. | Section 27-5A-5
Books and records; reinsurance intermediary-brokers.
(a) For at least 10 years after expiration of each contract of reinsurance transacted by the reinsurance intermediary-broker, the reinsurance intermediary-broker shall keep a complete record for each transaction showing all of the following:
(1) The t... |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-6 - Duties of Insurers Utilizing the Services of a Reinsurance Intermediary-Broker. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-6 - Duties of Insurers Utilizing the Services of a Reinsurance Intermediary-Broker. | Section 27-5A-6
Duties of insurers utilizing the services of a reinsurance intermediary-broker.
(a) An insurer shall not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed as required by subsection (a) of Section 2... |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-7 - Required Contract Provisions; Reinsurance Intermediary-Managers. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-7 - Required Contract Provisions; Reinsurance Intermediary-Managers. | Section 27-5A-7
Required contract provisions; reinsurance intermediary-managers.
Transactions between a reinsurance intermediary-manager and the reinsurer it represents in that capacity shall only be entered into pursuant to a written contract, specifying the responsibilities of each party, which shall be approved by t... |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-8 - Prohibited Acts. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-8 - Prohibited Acts. | Section 27-5A-8
Prohibited acts.
The reinsurance intermediary-manager shall not:
(1) Cede retrocessions on behalf of the reinsurer, except that the reinsurance intermediary-manager may cede facultative retrocessions pursuant to obligatory facultative agreements if the contract with the reinsurer contains reinsurance un... |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-9 - Duties of Reinsurers Utilizing Services of Reinsurance Intermediary-Manager. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-9 - Duties of Reinsurers Utilizing Services of Reinsurance Intermediary-Manager. | Section 27-5A-9
Duties of reinsurers utilizing services of reinsurance intermediary-manager.
(a) A reinsurer shall not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary-manager on its behalf unless such person is licensed as required by subsection (b) of Section 2... |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-10 - Examination Authority. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-10 - Examination Authority. | Section 27-5A-10
Examination authority.
(a) A reinsurance intermediary shall be subject to examination by the commissioner. The commissioner shall have access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the commissioner.
(b) A reinsurance intermediary-manager may be exam... |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-11 - Penalties and Liabilities. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-11 - Penalties and Liabilities. | Section 27-5A-11
Penalties and liabilities.
(a) A reinsurance intermediary, insurer, or reinsurer found by the commissioner, after a hearing conducted in accordance with Section 27-2-28, to be in violation of this chapter, shall:
(1) For each separate violation, pay a penalty in an amount not exceeding $5,000.
(2) Be s... |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-12 - Rules and Regulations. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-12 - Rules and Regulations. | Section 27-5A-12
Rules and regulations.
The commissioner may adopt reasonable rules and regulations for the implementation and administration of the provisions of this chapter.
(Acts 1993, No. 93-673, p. 1215, §12.) |
https://law.justia.com/codes/alabama/title-27/chapter-5a/section-27-5a-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5A - Reinsurance Intermediaries.›Section 27-5A-13 - Utilization of Services of Reinsurance Intermediary. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5A - Reinsurance Intermediaries. › Section 27-5A-13 - Utilization of Services of Reinsurance Intermediary. | Section 27-5A-13
Utilization of services of reinsurance intermediary.
No insurer or reinsurer may continue to utilize the services of a reinsurance intermediary on and after May 17, 1993, unless utilization is in compliance with this chapter.
(Acts 1993, No. 93-673, p. 1215, §15.) |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-1 - Purpose. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-1 - Purpose. | Section 27-5B-1
Purpose.
The purpose of this chapter is to protect the interest of insureds, claimants, ceding insurers, assuming insurers, and the public generally. The Legislature declares its intent is to ensure adequate regulation of insurers and reinsurers and adequate protection for those to whom they owe obligat... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-2 - Reinsurance Permitted. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-2 - Reinsurance Permitted. | Section 27-5B-2
Reinsurance permitted.
(a) An insurer authorized under this title may accept reinsurance only of such risks and retain risk thereon within such limits as it is otherwise authorized to insure.
(b) An insurer authorized under this title may reinsure all, or any part, of any particular risk with any solven... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-3 - Credit Allowed a Domestic Ceding Insurer. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-3 - Credit Allowed a Domestic Ceding Insurer. | Section 27-5B-3
Credit allowed a domestic ceding insurer.
(a) Credit for reinsurance shall be allowed a domestic ceding insurer as either an asset or a reduction from liability on account of reinsurance ceded only when the reinsurer meets the requirements of Section 27-5B-4, 27-5B-5, 27-5B-6, 27-5B-7, 27-5B-8, 27-5B-8.... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-4 - Licensed Reinsurer. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-4 - Licensed Reinsurer. | Section 27-5B-4
Licensed reinsurer.
Credit shall be allowed when the reinsurance is ceded to an assuming insurer that is licensed to transact insurance or reinsurance in this state.
(Act 2013-209, p. 463, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-5 - Accredited Reinsurer. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-5 - Accredited Reinsurer. | Section 27-5B-5
Accredited reinsurer.
Credit shall be allowed when the reinsurance is ceded to an assuming insurer that is accredited by the commissioner as a reinsurer in this state. In order to be eligible for accreditation, a reinsurer must do all of the following:
(1) File with the commissioner evidence of its subm... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-6 - Reinsurer Domiciled in State With Substantially Similar Law. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-6 - Reinsurer Domiciled in State With Substantially Similar Law. | Section 27-5B-6
Reinsurer domiciled in state with substantially similar law.
(a) Credit shall be allowed when the reinsurance is ceded to an assuming insurer that is domiciled in, or in the case of a U.S. branch of an alien assuming insurer is entered through, a state that employs standards regarding credit for reinsur... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-7 - Reinsurer Maintaining a Trust Fund. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-7 - Reinsurer Maintaining a Trust Fund. | Section 27-5B-7
Reinsurer maintaining a trust fund.
(a) Credit shall be allowed when the reinsurance is ceded to an assuming insurer that maintains a trust fund in a qualified U.S. financial institution, as defined in subsection (b) of Section 27-5B-15, for the payment of the valid claims of its U.S. ceding insurers, t... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-8 - Certified Reinsurer. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-8 - Certified Reinsurer. | Section 27-5B-8
Certified reinsurer.
(a) Credit shall be allowed when the reinsurance is ceded to an assuming insurer that is certified by the commissioner as a reinsurer in this state and secures its obligations in accordance with the requirements of this section. In order to be eligible for certification, the assumin... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-8-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-8.1 - Reinsurer Domiciled in a Reciprocal Jurisdiction. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-8.1 - Reinsurer Domiciled in a Reciprocal Jurisdiction. | Section 27-5B-8.1
Reinsurer domiciled in a reciprocal jurisdiction.
(a) Credit shall be allowed when the reinsurance is ceded to an assuming insurer meeting each of the following conditions:
(1) The assuming insurer shall have its head office or be domiciled in, as applicable, and be licensed in a reciprocal jurisdicti... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-9 - Credit for Reinsurance Required by Law. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-9 - Credit for Reinsurance Required by Law. | Section 27-5B-9
Credit for reinsurance required by law.
Credit shall be allowed when the reinsurance is ceded to an assuming insurer not meeting the requirements of Section 27-5B-4, 27-5B-5, 27-5B-6, 27-5B-7, 27-5B-8, or 27-5B-8.1, but only as to the insurance of risks located in jurisdictions where the reinsurance is ... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-10 - Reinsurer Not Licensed, Accredited or Certified - Additional Reinsurance Agreemen... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-10 - Reinsurer Not Licensed, Accredited or Certified - Additional Reinsurance Agreement Requirements. | Section 27-5B-10
Reinsurer not licensed, accredited or certified - Additional reinsurance agreement requirements.
(a) If the assuming insurer is not licensed, accredited or certified to transact insurance or reinsurance in this state, the credit permitted by Sections 27-5B-6 and 27-5B-7 shall not be allowed unless the ... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-11 - Reinsurer Not Licensed, Accredited, or Certified - Additional Trust Agreement Req... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-11 - Reinsurer Not Licensed, Accredited, or Certified - Additional Trust Agreement Requirements. | Section 27-5B-11
Reinsurer not licensed, accredited, or certified - Additional trust agreement requirements.
If the assuming insurer does not meet the requirements of Section 27-5B-4, 27-5B-5, 27-5B-6, or 27-5B-8.1, the credit permitted by Section 27-5B-7 or 27-5B-8 shall not be allowed unless the assuming insurer agre... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-12 - Accredited or Certified Reinsurer Ceasing to Meet Requirements. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-12 - Accredited or Certified Reinsurer Ceasing to Meet Requirements. | Section 27-5B-12
Accredited or certified reinsurer ceasing to meet requirements.
(a) If an accredited or certified reinsurer ceases to meet the requirements for accreditation or certification, the commissioner may suspend or revoke the reinsurer's accreditation or certification.
(b) The commissioner must give the reins... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-13 - Concentration Risk. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-13 - Concentration Risk. | Section 27-5B-13
Concentration risk.
(a) A ceding insurer shall take steps to manage its reinsurance recoverables proportionate to its own book of business. A domestic ceding insurer shall notify the commissioner within 30 days after reinsurance recoverables from any single assuming insurer, or group of affiliated assu... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-14 - Asset or Reduction From Liability for Reinsurance Ceded by a Domestic Insurer to... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-14 - Asset or Reduction From Liability for Reinsurance Ceded by a Domestic Insurer to an Assuming Insurer Not Meeting the Requirements of Sections 27-5b-3 Through 27-5b-13. | Section 27-5B-14
Asset or reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of Sections 27-5B-3 through 27-5B-13.
(a) An asset or a reduction from liability for the reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requi... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-15 - Qualified u.s. Financial Institutions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-15 - Qualified u.s. Financial Institutions. | Section 27-5B-15
Qualified U.S. financial institutions.
(a) For purposes of subdivision (3) of Section 27-5B-14, a qualified U.S. financial institution means an institution that meets all of the following:
(1) Is organized or, in the case of a U.S. office of a foreign banking organization, licensed, under the laws of t... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-16 - Insolvency Clause. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-16 - Insolvency Clause. | Section 27-5B-16
Insolvency clause.
Except as provided in Section 27-5B-17, no credit shall be allowed, as an admitted asset or deduction from liability, to any ceding insurer for reinsurance placed with a reinsurer qualified under this chapter, unless the reinsurance contract provides, in substance, that in the event ... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-17/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-17 - Guaranty Association Election. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-17 - Guaranty Association Election. | Section 27-5B-17
Guaranty association election.
Notwithstanding Section 27-5B-16, in the event that a life and health insurance guaranty association has made the election to succeed to the rights and obligations of the insolvent insurer under the contract of reinsurance, the reinsurer's liability to pay covered reinsur... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-18/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-18 - Notice by Domiciliary Liquidator. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-18 - Notice by Domiciliary Liquidator. | Section 27-5B-18
Notice by domiciliary liquidator.
The reinsurance agreement may provide that the domiciliary liquidator of an insolvent ceding insurer shall give written notice to the assuming insurer of the pendency of a claim against the ceding insurer on the contract within a reasonable time after the claim is file... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-19/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-19 - Rulemaking Authority. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-19 - Rulemaking Authority. | Section 27-5B-19
Rulemaking authority.
(a) The commissioner may adopt rules implementing this chapter.
(b) In addition to the authority of the commissioner pursuant to subsection (a), the commissioner may adopt rules applicable to reinsurance arrangements as provided in this subsection.
(1) A rule adopted pursuant to t... |
https://law.justia.com/codes/alabama/title-27/chapter-5b/section-27-5b-20/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 5B - Reinsurance.›Section 27-5B-20 - Reinsurance Agreements Affected. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 5B - Reinsurance. › Section 27-5B-20 - Reinsurance Agreements Affected. | Section 27-5B-20
Reinsurance agreements affected.
The amendments of this chapter and the additions to this chapter by Act 2021-235 shall apply to all cessions after January 1, 2022, under reinsurance agreements that have an inception, anniversary, or renewal date on or after July 1, 2022.
(Act 2021-235, §2.) |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-1 - Deposits of Insurers - Authorized Deposits. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-1 - Deposits of Insurers - Authorized Deposits. | Section 27-6-1
Deposits of insurers - Authorized deposits.
The following deposits of insurers, when made through the commissioner, shall be accepted and held and shall be subject to the provisions of this chapter:
(1) Deposits required under this title for authority to transact insurance in this state;
(2) Deposits of ... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-2 - Deposits of Insurers - Purposes for Which Held. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-2 - Deposits of Insurers - Purposes for Which Held. | Section 27-6-2
Deposits of insurers - Purposes for which held.
Such deposits shall be held for purposes as follows:
(1) Deposits made in this state under Sections 27-3-11, 27-3-12, and 27-3-14 of this title shall be held for the purposes stated in the respective sections;
(2) A deposit made in this state by a domestic ... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-3 - Deposits of Insurers - Composition. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-3 - Deposits of Insurers - Composition. | Section 27-6-3
Deposits of insurers - Composition.
(a) All such deposits required under Sections 27-3-11, 27-3-12, and 27-3-14 for authority to transact insurance in this state shall consist of certified checks, or certificates of deposit or any combination of securities, the market value of which is readily ascertaina... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-4 - Deposits of Insurers - State Treasurer as Custodian. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-4 - Deposits of Insurers - State Treasurer as Custodian. | Section 27-6-4
Deposits of insurers - State Treasurer as custodian.
(a) Deposits made in this state under Sections 27-3-11, 27-3-12, and 27-3-14, together with deposit of reserves of domestic life insurers under registered policies heretofore issued, shall be made through the commissioner with the Treasurer of the Stat... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-5 - Deposits of Insurers - Record of Securities and Assets. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-5 - Deposits of Insurers - Record of Securities and Assets. | Section 27-6-5
Deposits of insurers - Record of securities and assets.
The commissioner shall keep a record of the securities and assets comprising each deposit, showing by item the amount and market value and of all his transactions relative thereto.
(Acts 1971, No. 407, p. 707, §101.) |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-6 - Securities and Assets - Assignment and Reassignment, etc.; Appraisal or Valuation. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-6 - Securities and Assets - Assignment and Reassignment, etc.; Appraisal or Valuation. | Section 27-6-6
Securities and assets - Assignment and reassignment, etc.; appraisal or valuation.
(a) All securities not negotiable by delivery and deposited by an insurer shall be duly assigned to the commissioner and his successors in office. All other assets so deposited shall be duly transferred or conveyed to the ... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-7 - Securities and Assets - Power of Attorney to Sell, Etc. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-7 - Securities and Assets - Power of Attorney to Sell, Etc. | Section 27-6-7
Securities and assets - Power of attorney to sell, etc.
In lieu of the assignment, transfer, or conveyance of securities and assets to the commissioner as provided for in subsection (a) of Section 27-6-6 and at all events in connection with any deposit heretofore or hereafter made through the commissione... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-8 - Securities and Assets - Authority to Sell; Exception. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-8 - Securities and Assets - Authority to Sell; Exception. | Section 27-6-8
Securities and assets - Authority to sell; exception.
The commissioner shall exercise the power granted by the power of attorney provided for in Section 27-6-7 or otherwise sell any security or asset under any assignment, transfer or conveyance pursuant to Section 27-6-6, only pursuant to, and in accorda... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-9 - Power of Attorney - Safekeeping; Return. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-9 - Power of Attorney - Safekeeping; Return. | Section 27-6-9
Power of attorney - Safekeeping; return.
The power of attorney provided for in Section 27-6-7 shall be kept by the commissioner in a place of safekeeping and may be physically attached to the securities or assets described therein. Whenever such securities or assets, or any portion thereof, are returned ... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-10 - Power of Attorney - New Power of Attorney. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-10 - Power of Attorney - New Power of Attorney. | Section 27-6-10
Power of attorney - New power of attorney.
If less than all of the securities or assets covered by any such power of attorney is returned to the insurer or its trustee or agent, the commissioner may require the insurer to deliver to him, as a condition precedent to the return of such power of attorney, ... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-11 - Excess Deposits. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-11 - Excess Deposits. | Section 27-6-11
Excess deposits.
An insurer may so deposit assets or securities in an amount exceeding its deposit required or otherwise permitted under this title by not more than 20 percent of such required or permitted deposit or $100,000.00, whichever is the larger amount, for the purpose of absorbing fluctuations ... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-12 - Rights of Solvent Insurers. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-12 - Rights of Solvent Insurers. | Section 27-6-12
Rights of solvent insurers.
So long as the insurer remains solvent and is in compliance with this title, it may:
(1) Demand, receive, maintain actions for, and recover the income from the securities or assets deposited;
(2) Exchange and substitute for the deposited securities or assets, or any part ther... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-13 - Sale of Surety Insurers' Special Deposit to Pay Outstanding Judgment. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-13 - Sale of Surety Insurers' Special Deposit to Pay Outstanding Judgment. | Section 27-6-13
Sale of surety insurers' special deposit to pay outstanding judgment.
(a) If any surety insurer which has made the deposit provided for in Section 27-3-12 fails or refuses to pay any final judgment entered against it upon any bond or undertaking from which no appeal and supersedeas has been taken for 30... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-14 - Curing of Deficiency in Market Value of Deposit. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-14 - Curing of Deficiency in Market Value of Deposit. | Section 27-6-14
Curing of deficiency in market value of deposit.
(a) If for any reason the market value of assets and securities of an insurer held on deposit in this state under this title falls below the amount so required, the insurer shall promptly deposit other or additional assets or securities eligible for depos... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-15 - Release of Deposit - Generally. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-15 - Release of Deposit - Generally. | Section 27-6-15
Release of deposit - Generally.
(a) All deposits in this state made under this title shall be held on deposit as long as there is outstanding any liability of the insurer with respect to which the deposit was made.
(b) Any such deposit shall be released and returned:
(1) To the insurer upon extinguishme... |
https://law.justia.com/codes/alabama/title-27/chapter-6/section-27-6-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6 - Administration of Deposits.›Section 27-6-16 - Release of Deposit - Filing of Statement; Authorization of Release. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6 - Administration of Deposits. › Section 27-6-16 - Release of Deposit - Filing of Statement; Authorization of Release. | Section 27-6-16
Release of deposit - Filing of statement; authorization of release.
(a) Before authorizing the release of any deposit or excess portion thereof to the insurer, as provided in Section 27-6-15, the commissioner shall require the insurer to file with him a statement under its seal and the oath of its chief... |
https://law.justia.com/codes/alabama/title-27/chapter-6a/section-27-6a-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6A - Managing General Agents.›Section 27-6A-1 - Short Title. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6A - Managing General Agents. › Section 27-6A-1 - Short Title. | Section 27-6A-1
Short title.
Sections 27-6A-2 through 27-6A-8, inclusive, of this chapter may be cited as the "Alabama Managing General Agents Act."
(Acts 1993, No. 93-675, p. 1240, §9.) |
https://law.justia.com/codes/alabama/title-27/chapter-6a/section-27-6a-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6A - Managing General Agents.›Section 27-6A-2 - Definitions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6A - Managing General Agents. › Section 27-6A-2 - Definitions. | Section 27-6A-2
Definitions.
As used in this chapter, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) ACTUARY. A person who is a member in good standing of the American Academy of Actuaries.
(2) INSURER. A person defined in subdivisions (2) and (3... |
https://law.justia.com/codes/alabama/title-27/chapter-6a/section-27-6a-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6A - Managing General Agents.›Section 27-6A-3 - Licensure Requirements. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6A - Managing General Agents. › Section 27-6A-3 - Licensure Requirements. | Section 27-6A-3
Licensure requirements.
(a) No person, firm, association, or corporation shall act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless then licensed in this state as a managing general agent of the insurer.
(b) No person, f... |
https://law.justia.com/codes/alabama/title-27/chapter-6a/section-27-6a-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6A - Managing General Agents.›Section 27-6A-4 - Contract Requirements. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6A - Managing General Agents. › Section 27-6A-4 - Contract Requirements. | Section 27-6A-4
Contract requirements.
No person, firm, association, or corporation acting in the capacity of a managing general agent shall place business with an insurer unless there is in force a written contract between the parties that sets forth the responsibilities of each party and where both parties share resp... |
https://law.justia.com/codes/alabama/title-27/chapter-6a/section-27-6a-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6A - Managing General Agents.›Section 27-6A-5 - Duties of Insurer. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6A - Managing General Agents. › Section 27-6A-5 - Duties of Insurer. | Section 27-6A-5
Duties of insurer.
Insurers shall have the following duties:
(1) The insurer shall have on file an independent financial examination, in a form acceptable to the commissioner, of each managing general agent with which it has done business.
(2) If a managing general agent establishes loss reserves, the i... |
https://law.justia.com/codes/alabama/title-27/chapter-6a/section-27-6a-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6A - Managing General Agents.›Section 27-6A-6 - Acts of Managing General Agent. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6A - Managing General Agents. › Section 27-6A-6 - Acts of Managing General Agent. | Section 27-6A-6
Acts of managing general agent.
The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined as if it were the insurer.
(Acts 1993, No. 93-675, p. 1240, §7.) |
https://law.justia.com/codes/alabama/title-27/chapter-6a/section-27-6a-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6A - Managing General Agents.›Section 27-6A-7 - Penalties. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6A - Managing General Agents. › Section 27-6A-7 - Penalties. | Section 27-6A-7
Penalties.
(a) If the commissioner finds after a hearing conducted in accordance with Section 27-2-28, that any person has violated this chapter, the commissioner may order:
(1) For each separate violation, a penalty in an amount of up to $5,000.
(2) Revocation or suspension of the managing general agen... |
https://law.justia.com/codes/alabama/title-27/chapter-6a/section-27-6a-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6A - Managing General Agents.›Section 27-6A-8 - Compliance. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6A - Managing General Agents. › Section 27-6A-8 - Compliance. | Section 27-6A-8
Compliance.
No insurer may continue to use the services of a managing general agent after midnight December 31, 1993, unless the insurer is in compliance with this chapter.
(Acts 1993, No. 93-675, p. 1240, §9.) |
https://law.justia.com/codes/alabama/title-27/chapter-6b/section-27-6b-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law.›Section 27-6B-1 - Short Title. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law. › Section 27-6B-1 - Short Title. | Section 27-6B-1
Short title.
Sections 27-6B-2 to 27-6B-6, inclusive, of this chapter may be cited as the "Alabama Business Transacted With Producer Controlled Property and Casualty Insurer Law."
(Acts 1993, No. 93-675, p. 1240, §14.) |
https://law.justia.com/codes/alabama/title-27/chapter-6b/section-27-6b-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law.›Section 27-6B-2 - Definitions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law. › Section 27-6B-2 - Definitions. | Section 27-6B-2
Definitions.
As used in this chapter, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) ACCREDITED STATE. A state in which the Department of Insurance meets the minimum financial qualifications and regulatory standards promulgated an... |
https://law.justia.com/codes/alabama/title-27/chapter-6b/section-27-6b-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law.›Section 27-6B-3 - Application of Chapter to Licensed Insurer. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law. › Section 27-6B-3 - Application of Chapter to Licensed Insurer. | Section 27-6B-3
Application of chapter to licensed insurer.
This chapter shall apply to any licensed insurer as defined in Section 27-6B-2, either domiciled in this state or domiciled in a state that is not an accredited state but having in effect a substantially similar law. The Alabama Insurance Holding Company Syste... |
https://law.justia.com/codes/alabama/title-27/chapter-6b/section-27-6b-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law.›Section 27-6B-4 - Contract Requirements. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law. › Section 27-6B-4 - Contract Requirements. | Section 27-6B-4
Contract requirements.
(a) Unless there is a written contract between the controlling producer and the insurer approved by the board of directors of the insurer and specifying the responsibilities of each party, a controlled insurer shall not accept business from a controlling producer and a controlling... |
https://law.justia.com/codes/alabama/title-27/chapter-6b/section-27-6b-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law.›Section 27-6B-5 - Disclosure of Relationship Between Producer and Controlled Insurer. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law. › Section 27-6B-5 - Disclosure of Relationship Between Producer and Controlled Insurer. | Section 27-6B-5
Disclosure of relationship between producer and controlled insurer.
The producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer. Except that, if the business is placed through... |
https://law.justia.com/codes/alabama/title-27/chapter-6b/section-27-6b-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law.›Section 27-6B-6 - Penalties. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law. › Section 27-6B-6 - Penalties. | Section 27-6B-6
Penalties.
(a) If the commissioner believes that the controlling producer or any other person has not materially complied with this chapter, or any regulation or order promulgated hereunder, after notice and opportunity to be heard, the commissioner may order the controlling producer to cease placing bu... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-1 - Definitions. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-1 - Definitions. | Section 27-7-1
Definitions.
For the purposes of this chapter, the following terms shall have the meanings respectively ascribed to them by this section:
(1) BUSINESS ENTITY. A corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity.
(2) COMMISSIONER. The Al... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-2 - Applicability of Chapter. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-2 - Applicability of Chapter. | Section 27-7-2
Applicability of chapter.
(a) This chapter governs the qualifications and procedures for the licensing of insurance producers and service representatives. It simplifies and organizes some statutory language to improve efficiency, permits the use of new technology, and reduces costs associated with issuin... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-3 - Applicability of Provision on Insurance Vending Machines. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-3 - Applicability of Provision on Insurance Vending Machines. | Section 27-7-3
Applicability of provision on insurance vending machines.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1971, No. 407, p. 707, §140; Acts 1988, No. 88-123, p. 159, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-4 - Licenses - Requirement; Forms. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-4 - Licenses - Requirement; Forms. | Section 27-7-4
Licenses - Requirement; forms.
(a) No person shall in this state sell, solicit, or negotiate insurance for any class or classes of insurance unless the person is then licensed for that line of authority in accordance with this chapter. Any insurer accepting business directly from a person not licensed fo... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-4-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-4.1 - Licenses - Required to Receive Payment, Etc. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-4.1 - Licenses - Required to Receive Payment, Etc. | Section 27-7-4.1
Licenses - Required to receive payment, etc.
(a) No insurer or producer shall pay, directly or indirectly, any commission or other valuable consideration to any person for services as a producer or service representative within this state unless the person holds a currently valid license as a producer ... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-4-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-4.2 - Licenses - Applicability to Insurance Producer. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-4.2 - Licenses - Applicability to Insurance Producer. | Section 27-7-4.2
Licenses - Applicability to insurance producer.
(a) Nothing in this chapter shall be construed to require an insurer to obtain an insurance producer license. In this section, the term "insurer" does not include an insurer's officers, directors, employees, subsidiaries, or affiliates.
(b) A license as a... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-4-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-4.3 - Licenses - Insurance Producer Examination. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-4.3 - Licenses - Insurance Producer Examination. | Section 27-7-4.3
Licenses - Insurance producer examination.
(a) A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to Section 27-7-5 or 27-7-29.1. The examination shall test the knowledge of the individual concerning the lines of authority for which ... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-4-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-4.4 - Fingerprints. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-4.4 - Fingerprints. | Section 27-7-4.4
Fingerprints.
(a) In order to make a determination of insurance producer license eligibility, the commissioner is authorized to require fingerprints of initial resident applicants for an insurance producer license and to submit the fingerprints and the fee required to perform the criminal history recor... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-5 - Licenses - Qualifications. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-5 - Licenses - Qualifications. | Section 27-7-5
Licenses - Qualifications.
(a) An individual applying for a resident insurance producer license shall make application to the commissioner on the Uniform Application, and an individual applying for a service representative license shall make application to the commissioner on the application prescribed b... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-5-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-5.1 - Licenses - Limited License for Motor Vehicle Rental Companies. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-5.1 - Licenses - Limited License for Motor Vehicle Rental Companies. | Section 27-7-5.1
Licenses - Limited license for motor vehicle rental companies.
(a) As used in this section, the following terms shall have the following meanings:
(1) RENTAL AGREEMENT. Any written agreement setting forth the terms and conditions governing the use of a vehicle provided by the rental company for rental ... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-5-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-5.2 - Licenses - Limited License for Travel Insurance Producers. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-5.2 - Licenses - Limited License for Travel Insurance Producers. | Section 27-7-5.2
Licenses - Limited license for travel insurance producers.
THIS SECTION WAS REPEALED IN THE 2022 REGULAR SESSION BY ACT 2022-152 EFFECTIVE JUNE 1, 2022. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) As used in this section, the following terms shall have the following meanings:
(1) OFFER AND DISSEMIN... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-5-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-5.3 - Licenses - Limited License for Self-Service Storage Facility. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-5.3 - Licenses - Limited License for Self-Service Storage Facility. | Section 27-7-5.3
Licenses - Limited license for self-service storage facility.
(a) As used in this section, the following terms shall have the following meanings:
(1) LIMITED LICENSEE. A person or entity authorized to sell certain coverages for personal property maintained in self-service storage facilities pursuant to... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-6 - Licenses - Artificial Entities. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-6 - Licenses - Artificial Entities. | Section 27-7-6
Licenses - Artificial entities.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1957, No. 530, p. 726, §4; Acts 1959, 2nd Ex. Sess., No. 73, p. 250; Acts 1971, No. 407, p. 707, §121; Acts 1988, No. 88-123, p. 159, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-7 - Licenses - Application - Generally; Fees. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-7 - Licenses - Application - Generally; Fees. | Section 27-7-7
Licenses - Application - Generally; fees.
Repealed by Act 2001-702, p. 1509, § 6, effective January 1, 2002.
(a) The commissioner shall not issue any license except upon application therefor as in this chapter provided. Each applicant for a license shall file annually with the commissioner his written ap... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-8 - Licenses - Application - Statement of Appointing Insurer for Agent. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-8 - Licenses - Application - Statement of Appointing Insurer for Agent. | Section 27-7-8
Licenses - Application - Statement of appointing insurer for agent.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1957, No. 530, p. 726, §5; Acts 1971, No. 407, p. 707, §123; Acts 1988, No. 88-123, p. 159, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-9 - Licenses - Application - Statement of Appointing Agent or Broker for Solicitor. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-9 - Licenses - Application - Statement of Appointing Agent or Broker for Solicitor. | Section 27-7-9
Licenses - Application - Statement of appointing agent or broker for solicitor.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1957, No. 530, p. 726, §5; Acts 1971, No. 407, p. 707, §124; Acts 1988, No. 88-123, p. 159, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-10 - Licenses - Examination - Scope; Notification; When Given. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-10 - Licenses - Examination - Scope; Notification; When Given. | Section 27-7-10
Licenses - Examination - Scope; notification; when given.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1957, No. 530, p. 726, §6; Acts 1971, No. 407, p. 707, §125; Acts 1988, No. 88-123, p. 159, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-10-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-10.1 - Licenses - Examination - Waiting Period for Person Failing Two Examinations. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-10.1 - Licenses - Examination - Waiting Period for Person Failing Two Examinations. | Section 27-7-10.1
Licenses - Examination - Waiting period for person failing two examinations.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1991, No. 91-483, p. 875, §2.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-11 - Licenses - Examination - Study Materials; Contents; Conduct; Grading. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-11 - Licenses - Examination - Study Materials; Contents; Conduct; Grading. | Section 27-7-11
Licenses - Examination - Study materials; contents; conduct; grading.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1957, No. 530, p. 726, §6; Acts 1971, No. 407, p. 707, §126; Acts 1982, No. 82-401, p. 606, §1; Acts 1988, No. 88-123, p. 159, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-12 - Licenses - Examination - Renewal or Continuation. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-12 - Licenses - Examination - Renewal or Continuation. | Section 27-7-12
Licenses - Examination - Renewal or continuation.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1957, No. 530, p. 726, §8; Acts 1971, No. 407, p. 707, §127.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-13 - Licenses - Examination - Exemptions; Exception. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-13 - Licenses - Examination - Exemptions; Exception. | Section 27-7-13
Licenses - Examination - Exemptions; exception.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1957, No. 530, p. 726, §6; Acts 1971, No. 407, p. 707, §128; Acts 1988, No. 88-123, p. 159, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-14 - Licenses - Examination - Consultations With Experienced Persons. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-14 - Licenses - Examination - Consultations With Experienced Persons. | Section 27-7-14
Licenses - Examination - Consultations with experienced persons.
The commissioner shall, from time to time as an aid to the efficient administration of this chapter, consult with individuals experienced in the insurance business, to include officers, employees, managing general agents, managers, and lic... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-14-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-14.1 - Licenses - Lines of Authority; Renewal. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-14.1 - Licenses - Lines of Authority; Renewal. | Section 27-7-14.1
Licenses - Lines of authority; renewal.
(a) Unless denied licensure pursuant to Section 27-7-19, persons who have met the requirements of Sections 27-7-4.3 and 27-7-5 shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one or more of the foll... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-14-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-14.2 - Validity of Existing Licenses for Automobile and Industrial Fire Lines of Author... | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-14.2 - Validity of Existing Licenses for Automobile and Industrial Fire Lines of Authority. | Section 27-7-14.2
Validity of existing licenses for automobile and industrial fire lines of authority.
(a) Every license for the automobile and industrial fire lines of authority in force immediately prior to January 1, 2013, and existing under any law amended by Act 2012-312 is valid until its expiration date on or af... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-15 - Licenses - Issuance or Refusal. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-15 - Licenses - Issuance or Refusal. | Section 27-7-15
Licenses - Issuance or refusal.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1957, No. 530, p. 726, §6; Acts 1971, No. 407, p. 707, §130.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-16 - Licenses - Reapplication or Reexamination Upon Denial; Fees Therefor. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-16 - Licenses - Reapplication or Reexamination Upon Denial; Fees Therefor. | Section 27-7-16
Licenses - Reapplication or reexamination upon denial; fees therefor.
Repealed by Acts 1991, No. 91–483, p. 875, § 3, effective July 29, 1991.
(Acts 1957, No. 530, p. 726, §6, Act 1971, No. 407, p. 707, §131.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-17/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-17 - Licenses - Contents; Centralized Producer License Registry. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-17 - Licenses - Contents; Centralized Producer License Registry. | Section 27-7-17
Licenses - Contents; centralized producer license registry.
(a) The license of a producer or service representative shall state the name and address of the licensee, the personal identification number, date of issuance, the lines of authority, the expiration date, and any other information the commissio... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-18/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-18 - Licenses - Continuation and Expiration; Exception. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-18 - Licenses - Continuation and Expiration; Exception. | Section 27-7-18
Licenses - Continuation and expiration; exception.
Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
(Acts 1971, No. 407, p. 707, §133; Acts 1988, No. 88-123, p. 159, §1.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-19/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-19 - Licenses - Penalties. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-19 - Licenses - Penalties. | Section 27-7-19
Licenses - Penalties.
(a) The commissioner may place on probation, refuse to issue or renew, suspend, or revoke the license of any licensee under this chapter, or may levy a civil penalty in accordance with subsection (c), or any combination of actions, for any one or more of the following causes:
(1) A... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-20/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-20 - Licenses - Proceedings to Suspend or Revoke. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-20 - Licenses - Proceedings to Suspend or Revoke. | Section 27-7-20
Licenses - Proceedings to suspend or revoke.
Repealed by Act 2012-312, §5, effective January 1, 2013.
(Acts 1957, No. 530, p. 726, §11; Acts 1971, No. 407, p. 707, §152.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-21 - Licenses - Notice of Refusal to Renew or of Suspension or Revocation. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-21 - Licenses - Notice of Refusal to Renew or of Suspension or Revocation. | Section 27-7-21
Licenses - Notice of refusal to renew or of suspension or revocation.
Repealed by Act 2012-312, §5, effective January 1, 2013.
(Acts 1957, No. 530, p. 726, §9; Acts 1971, No. 407, p. 707, §153.) |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-22/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-22 - Licenses - Return for Cancellation; Affidavit in Lieu Thereof. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-22 - Licenses - Return for Cancellation; Affidavit in Lieu Thereof. | Section 27-7-22
Licenses - Return for cancellation; affidavit in lieu thereof.
(a) All licenses issued under this chapter, though issued to a licensee, at all times are the property of the State of Alabama, and upon notice of any suspension, revocation, refusal to renew, expiration, or other termination of the license,... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-23/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-23 - Temporary License - Generally. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-23 - Temporary License - Generally. | Section 27-7-23
Temporary license - Generally.
(a) The commissioner may, in his or her discretion, issue a temporary producer license without requiring an examination or prelicensing course if the commissioner deems the temporary license is necessary for the servicing of an insurance business in any of the following ca... |
https://law.justia.com/codes/alabama/title-27/chapter-7/section-27-7-24/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 27 - Insurance.›Chapter 7 - Property, Casualty and Surety Insurance Representatives.›Section 27-7-24 - Temporary License - Pending Examination of Agent. | 2023 Code of Alabama › Title 27 - Insurance. › Chapter 7 - Property, Casualty and Surety Insurance Representatives. › Section 27-7-24 - Temporary License - Pending Examination of Agent. | Section 27-7-24
Temporary license - Pending examination of agent.
(a) The commissioner may, in his or her discretion, issue a temporary license as producer to an applicant who is qualified for the license except as to having taken and passed a written examination therefor, if the applicant is actively engaged in a cour... |
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