(a) The commissioner or any deputy, examiner, assistant, or employee of the commissioner shall not be financially interested, directly or indirectly, in any insurer, insurance agency, or insurance transaction except as a policy holder or claimant under a policy; except, that as to such matters wherein a conflict of interests does not exist on the part of any such individual, the commissioner may employ or retain, from time to time, insurance actuaries, accountants, or other professional personnel who are independently practicing their professions even though similarly employed or retained by insurers or others.
(b) The commissioner or any deputy, examiner, assistant, or employee of the commissioner shall not be given, nor receive, any fee, compensation, loan, gift, or other thing of value in addition to the compensation and expense allowance provided by law for any service rendered, or to be rendered, as such commissioner, deputy, assistant, examiner, or employee or in connection therewith. This section shall not apply to any person who is holding office or position on date of enactment of this title.
Structure Code of Alabama
Chapter 2 - Department and Commissioner of Insurance.
Article 1 - General Provisions.
Section 27-2-1 - Department of Insurance.
Section 27-2-2 - Commissioner of Insurance - Appointment; Term; Qualifications.
Section 27-2-3 - Commissioner of Insurance - Oath; Bond.
Section 27-2-4 - Commissioner of Insurance - Salary; Duty Generally.
Section 27-2-5 - Commissioner of Insurance - Official Seal.
Section 27-2-6 - Commissioner of Insurance - Offices.
Section 27-2-7 - Commissioner of Insurance - Powers and Duties.
Section 27-2-7.1 - Commissioner of Insurance - Hearings on Automobile Insurance Rate Increases.
Section 27-2-8 - Commissioner of Insurance - Delegation of Powers, Etc.
Section 27-2-9 - Commissioner of Insurance - Annual Report.
Section 27-2-11 - Assignment of Assistant Attorney General.
Section 27-2-12 - Travel Expenses.
Section 27-2-13 - Conflicts of Interest; Additional Compensation, Etc.
Section 27-2-14 - Records, Documents, and Files - Custody; Inspection; Reproduction; Destruction.
Section 27-2-15 - Records, Documents, and Files - Use as Evidence.
Section 27-2-16 - Publication of Materials Relating to Insurance.
Section 27-2-17 - Rules and Regulations.
Section 27-2-17.1 - Regulations to Provide for Biennial Renewal of Licenses.
Section 27-2-18 - Orders and Notices of Commissioner.
Section 27-2-19 - Enforcement of Insurance Code.
Section 27-2-20 - Examinations - Power Generally.
Section 27-2-21 - Examinations - Affairs, etc., of Insurers and Surplus Line Brokers.
Section 27-2-22 - Examinations - Examiners.
Section 27-2-23 - Examinations - How Conducted.
Section 27-2-24 - Examinations - Report; Confidentiality of Information.
Section 27-2-25 - Examinations - Expenses.
Section 27-2-26 - Witnesses and Evidence for Examination, Investigation or Hearing - Generally.
Section 27-2-28 - Hearings - Power to Hold.
Section 27-2-29 - Hearings - Notice.
Section 27-2-30 - Hearings - How Conducted.
Section 27-2-31 - Hearings - Order.
Section 27-2-32 - Hearings - Appeals.
Section 27-2-33 - Order of Supervision - Authority of Commissioner; Reasons for Issuance.
Section 27-2-35 - Order of Supervision - Withdrawal of Order; Duration of Order.
Section 27-2-37 - Order of Supervision - Form and Content; Appeal.
Section 27-2-38 - Order of Supervision - Notice and Hearing as to Issuance.
Section 27-2-39 - Creation of Insurance Department Fund; Payment of Fees, Etc.