An insurer which otherwise qualifies therefor may be authorized to transact any one kind or combination of kinds of insurance as defined in Chapter 5 of this title, except:
(1) A life insurer may grant annuities and shall be authorized to transact in addition only disability insurance, and no insurer shall be authorized to transact life insurance in this state which transacts anywhere any kind of insurance in addition to life and disability insurances and annuities; except, that the commissioner shall, if the insurer otherwise qualifies therefor, continue to so authorize any life insurer which, immediately prior to the effective date of this title, was lawfully authorized to transact in this state a kind or kinds of insurance in addition to life and disability;
(2) A reciprocal or Lloyd's plan insurer shall not transact life insurance; and
(3) A title insurer shall be a stock insurer and shall transact no other kind of insurance; except, that the commissioner may continue to so authorize any insurer which immediately prior to the effective date of this title was lawfully authorized to transact and was lawfully writing in this state a kind, or kinds, of insurance in addition to title insurance.
Structure Code of Alabama
Chapter 3 - Authorization of Insurers.
Section 27-3-1 - Certificate of Authority - Requirement.
Section 27-3-2 - Certificate of Authority - Exceptions - Generally.
Section 27-3-4 - 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 27-3-8 - 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 27-3-11 - 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 27-3-19 - 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 27-3-24 - 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.