Ala. Code § 27-3 et seq. – Authorization of Insurers | Midpage

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Code of Alabama

Chapter 3

Ala. Code § 27-3 et seq.

Authorization of Insurers

27-3-1Certificate of Authority - Requirement.27-3-2Certificate of Authority - Exceptions - Generally.27-3-3Certificate of Authority - Exceptions - Investment in Real Estate or Securities Secured Thereby.27-3-4Authority to Transact Insurance - Eligibility.27-3-5Authority to Transact Insurance - Use of Name by Insurer.27-3-6Authority to Transact Insurance - Kind or Combinations of Kinds - Restrictions.27-3-6.1Authority to Transact Insurance - Kind or Combinations of Kinds - Closing or Settlement Protection.27-3-7Authority to Transact Insurance - Kind or Combinations of Kinds - Minimum Paid-In Capital Stock and Surplus.27-3-8Authority to Transact Insurance - Kind or Combinations of Kinds - Special Surplus.27-3-9Minimum Capital and Surplus for New Domestic Stock Life Insurance Company.27-3-10Application of Capital Surplus to Reduction or Elimination of Deficit by Domestic Stock Insurers.27-3-11Deposit Requirements - Generally.27-3-12Deposit Requirements - Special Deposit - Surety Insurers.27-3-13Deposit Requirements - Special Deposit - Title Insurers.27-3-14Deposit Requirements - Alien Insurers - Generally.27-3-15Deposit Requirements - Alien Insurers - Trusteed Assets.27-3-16Lloyd’s Insurers.27-3-17Application for Certificate of Authority - Filing.27-3-18Application for Certificate of Authority - Issuance or Refusal; Ownership of Certificate.27-3-19Continuance, Expiration, Reinstatement and Amendment of Certificates.27-3-20Suspension or Revocation of Certificates - Mandatory Grounds; Notice and Hearing.27-3-21Suspension or Revocation of Certificates - Additional Grounds; Notice and Hearing.27-3-22Suspension or Revocation of Certificates - Order and Notices.27-3-23Suspension or Revocation of Certificates - Duration of Suspension; Obligations of Insurer During Suspension; Reinstatement.27-3-24Service of Process on Insurers - Appointment of Commissioner as Agent.27-3-25Service of Process on Insurers - How Served; Time to Answer or Plead.27-3-26Annual Statement of Insurers; Furnishing of Other Information on Request.27-3-26.1Annual Submission of Statement of Actuarial Opinion; Application for Exemption.27-3-27Insurers to Do Business through Licensed Agents, Etc.; Exceptions.27-3-29Protection of State Insurers Against Foreign Discriminatory or Onerous Requirements.27-3-30Foreign Insurer May Become Domestic Insurer; Method; Certificate and License Eligibility; Authority and Jurisdiction of State; Continuation of Corporate Existence and Date of Incorporation.27-3-31Domestic 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.27-3-32Domestic 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.27-3-33Rules and Regulations.