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 a proper certificate of authority; […]
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.)
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, however, to continuance of the certificate by the […]
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 originally granted on account of deficiency […]
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 than those for which suspension or revocation […]
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 to the insurer’s agents in this state […]
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 date of suspension, unless the commissioner […]
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, as its attorney upon […]
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 his […]
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 its capital divided into shares and […]