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 laws of such states or countries or the […]
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 the purpose of writing insurance may become […]
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 underwriters, may be authorized to transact any kind, […]
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 in which it is admitted to transact […]
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 insurer, principal office in the United […]
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 Forms; Insurer’s Duty to Notify Commissioner of Details of Transfer and File Amendments Required by Law.
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 forms; insurer’s duty to notify commissioner of details of transfer […]
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 27-3-5 – 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 […]