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Code of Alabama

Chapter 27

Ala. Code § 27-27 et seq.

Organization and Corporate Procedures of Stock and Mutual Insurers

27-27-1Definitions.27-27-2Applicability of Chapter.27-27-3Power of Domestic Insurers to Indemnify Directors, Etc.27-27-4Solicitation Permit - Requirement.27-27-5Solicitation Permit - Application.27-27-6Solicitation Permit - Approval or Denial.27-27-7Solicitation Permit - Issuance; Contents; Compliance with Terms.27-27-8Solicitation Permit - Effect of Granting Permit.27-27-9Solicitation Permit - Modification or Revocation.27-27-10Solicitation Permit - Bond or Deposit in Lieu Thereof; Waiver of Same.27-27-11Licensing of Securities Salesmen.27-27-12Deposit of Solicitation Permit Funds in Escrow - Requirement.27-27-13Deposit of Solicitation Permit Funds in Escrow - Withdrawal and Refund.27-27-14Solicitation Permit for Subsequent Financing.27-27-15Domestic Mutual Insurers - Authorization to Transact Insurance.27-27-16Domestic Mutual Insurers - Bond or Deposit in Lieu Thereof.27-27-17Domestic Mutual Insurers - Solicitation of Qualifying Applications for Insurance.27-27-18Domestic Mutual Insurers - Deposit in Trust of Premiums or Fees on Qualifying Applications.27-27-19Domestic Mutual Insurers - Failure to Complete Organization.27-27-20Domestic Mutual Insurers - Authorization to Transact Additional Kinds of Insurance.27-27-21Domestic Mutual Insurers - Membership.27-27-22Domestic Mutual Insurers - Bylaws.27-27-23Directors of Domestic Insurers - Number; Election; Qualifications.27-27-24Directors of Domestic Insurers - Removal; Vacancies.27-27-25Corrupt or Dishonest Practices in Meeting of Stockholders or Members.27-27-26Pecuniary Interests of Officers, Etc., of Domestic Insurers.27-27-27Exclusive Management and Production of Business Contracts by Domestic Insurers.27-27-28Notice of Change of Directors, Etc.27-27-29Principal Place of Business and Home Office of Domestic Insurers; Maintenance of Assets in State; Removal of Records or Assets; Exceptions.27-27-30Voucher or Other Document for Disbursements.27-27-31Contingent Liability of Members of Domestic Mutual Insurers - Generally.27-27-32Contingent Liability of Members of Domestic Mutual Insurers - Levy of Assessments.27-27-33Collection of Assessments by Insurers.27-27-34Nonassessable Policies in Mutual Insurers - Generally.27-27-35Nonassessable Policies in Mutual Insurers - Revocation of Domestic Insurers Authority to Issue.27-27-36Issuance of Participating or Nonparticipating Policies by Domestic Insurers.27-27-37Dividends - Domestic Stock Insurers.27-27-38Dividends - Domestic Mutual Insurers.27-27-39Dividends - Liability for Illegal Dividends by Domestic Insurers.27-27-40Loans by Domestic Insurers.27-27-41Deficiencies in Stock Insurer’s Capital or Assets of Mutual Insurers - Generally.27-27-42Deficiencies in Stock Insurer’s Capital or Assets of Mutual Insurers - Curing of Deficiency.27-27-43Mutualization of Stock Insurers.27-27-44Conversion of Mutual Insurer into Stock Insurer.27-27-45Merger and Consolidations - Domestic Stock Insurers.27-27-46Merger and Consolidations - Domestic Mutual Insurers.27-27-47Bulk Reinsurance - Domestic Stock Insurers.27-27-48Bulk Reinsurance - Domestic Mutual Insurers.27-27-49Distribution of Assets Upon Liquidation of Domestic Mutual Insurer.27-27-49.1Recovery.27-27-50Extinguishment and Nullification of Domestic Insurers’ Corporate Charter.27-27-51Rules and Regulations as to Securities of Domestic Stock Insurers.27-27-52Insider Trading of Domestic Stock Insurer Equity Securities - Short Title.27-27-53Insider Trading of Domestic Stock Insurer Equity Securities - Ownership Statements.27-27-54Insider Trading of Domestic Stock Insurer Equity Securities - Recovery of Certain Profits by Company.27-27-55Insider Trading of Domestic Stock Insurer Equity Securities - Unlawful Sales.27-27-56Insider Trading of Domestic Stock Insurer Equity Securities - Exemptions from Sections 27-27-54 and 27-27-55; Prescription of Terms and Conditions Thereon.27-27-57Insider Trading of Domestic Stock Insurer Equity Securities - Applicability of Sections 27-27-53 through 27-27-55.27-27-58Insider Trading of Domestic Stock Insurer Equity Securities - Equity Securities - Defined.27-27-59Insider Trading of Domestic Stock Insurer Equity Securities - Equity Securities - Applicability of Sections 27-27-53 through 27-27-55.27-27-60Insider Trading of Domestic Stock Insurer Equity Securities - Rules and Regulations.27-27-61Applicability of Corporation Statutes to Domestic Insurers.