Code of Alabama
Chapter 3 - Authorization of Insurers.
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 a domestic insurer by complying with all of the requirements of law relative to the organization and licensing of a domestic insurer of the same type and by designating its principal place of business at a place in this state. Said domestic insurer will be entitled to like certificates and licenses to transact business in this state and shall be subject to the authority and jurisdiction of this state. Articles of incorporation of such domestic insurer may be amended to provide that the corporation is a continuation of the corporate existence of the original foreign corporation through adoption of this state as its corporate domicile and that the original date of incorporation in its original domiciliary state is the date of incorporation of such domestic insurer.

Structure Code of Alabama

Code of Alabama

Title 27 - Insurance.

Chapter 3 - Authorization of Insurers.

Section 27-3-1 - Certificate of Authority - Requirement.

Section 27-3-2 - Certificate of Authority - Exceptions - Generally.

Section 27-3-3 - Certificate of Authority - Exceptions - Investment in Real Estate or Securities Secured Thereby.

Section 27-3-4 - Authority to Transact Insurance - Eligibility.

Section 27-3-5 - Authority to Transact Insurance - Use of Name by Insurer.

Section 27-3-6 - Authority to Transact Insurance - Kind or Combinations of Kinds - Restrictions.

Section 27-3-6.1 - Authority to Transact Insurance - Kind or Combinations of Kinds - Closing or Settlement Protection.

Section 27-3-7 - Authority to Transact Insurance - Kind or Combinations of Kinds - Minimum Paid-in Capital Stock and Surplus.

Section 27-3-8 - Authority to Transact Insurance - Kind or Combinations of Kinds - Special Surplus.

Section 27-3-9 - Minimum Capital and Surplus for New Domestic Stock Life Insurance Company.

Section 27-3-10 - Application of Capital Surplus to Reduction or Elimination of Deficit by Domestic Stock Insurers.

Section 27-3-11 - Deposit Requirements - Generally.

Section 27-3-12 - Deposit Requirements - Special Deposit - Surety Insurers.

Section 27-3-13 - Deposit Requirements - Special Deposit - Title Insurers.

Section 27-3-14 - Deposit Requirements - Alien Insurers - Generally.

Section 27-3-15 - Deposit Requirements - Alien Insurers - Trusteed Assets.

Section 27-3-16 - Lloyd's Insurers.

Section 27-3-17 - Application for Certificate of Authority - Filing.

Section 27-3-18 - Application for Certificate of Authority - Issuance or Refusal; Ownership of Certificate.

Section 27-3-19 - Continuance, Expiration, Reinstatement and Amendment of Certificates.

Section 27-3-20 - Suspension or Revocation of Certificates - Mandatory Grounds; Notice and Hearing.

Section 27-3-21 - Suspension or Revocation of Certificates - Additional Grounds; Notice and Hearing.

Section 27-3-22 - Suspension or Revocation of Certificates - Order and Notices.

Section 27-3-23 - Suspension or Revocation of Certificates - Duration of Suspension; Obligations of Insurer During Suspension; Reinstatement.

Section 27-3-24 - Service of Process on Insurers - Appointment of Commissioner as Agent.

Section 27-3-25 - Service of Process on Insurers - How Served; Time to Answer or Plead.

Section 27-3-26 - Annual Statement of Insurers; Furnishing of Other Information on Request.

Section 27-3-26.1 - Annual Submission of Statement of Actuarial Opinion; Application for Exemption.

Section 27-3-27 - Insurers to Do Business Through Licensed Agents, etc.; Exceptions.

Section 27-3-28 - Execution of Contracts Through Countersigning Resident Agent; Exceptions.

Section 27-3-29 - Protection of State Insurers Against Foreign Discriminatory or Onerous Requirements.

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 27-3-31 - 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 27-3-32 - 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,...

Section 27-3-33 - Rules and Regulations.