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.)

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 unless the acquisitions and dispositions of assets or material nonrenewals, cancellations, or revisions of […]

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 acquisitions during any 30-day period) or disposition (or […]

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 of this section, a material nonrenewal, cancellation, or revision is one that affects: […]