(a) Each mutual aid association shall, annually on or before March 1, file with the commissioner a full and true statement of its financial condition, transactions, and affairs as of the December 31 preceding. The statement shall be in such general form and content as is prescribed or approved by the commissioner and shall be reasonably adapted to the plans of operation of such associations. The statement shall be verified by an officer of the association having knowledge of the facts.
(b) In addition to information called for and furnished in connection with its annual statement, an association shall furnish promptly to the commissioner such information as to any of its transactions or affairs as the commissioner may, from time to time, request in writing.
(c) At the time of filing, the association shall pay the fee for filing its annual statement as prescribed by Section 27-4-2.
(d) The commissioner may, in his discretion, suspend or revoke the certificate of authority of an association failing to file its annual statement when due.
Structure Code of Alabama
Chapter 30 - Mutual Aid Associations.
Section 27-30-1 - "Mutual Aid Association" Defined.
Section 27-30-2 - Applicability of Chapter - Generally.
Section 27-30-3 - Applicability of Chapter - Exceptions.
Section 27-30-4 - Authorization to Act As, or For, Association - Generally.
Section 27-30-5 - Authorization to Act As, or For, Association - Requirements.
Section 27-30-6 - Capital Stock or Surplus Requirements for Existing Associations.
Section 27-30-7 - Name of Association.
Section 27-30-8 - Certificate of Authority - Application.
Section 27-30-9 - Certificate of Authority - Issuance or Refusal.
Section 27-30-10 - Certificate of Authority - Expiration; Renewal.
Section 27-30-11 - Certificate of Authority - Suspension or Revocation - Grounds.
Section 27-30-12 - Certificate of Authority - Suspension or Revocation - Procedure.
Section 27-30-14 - Contracts - Issuance; Contents; Approval by Commissioner.
Section 27-30-15 - Contracts - Limits of Risk.
Section 27-30-16 - Contracts - Annual Valuation - Benefits Payable in Cash.
Section 27-30-17 - Contracts - Annual Valuation - Benefits, Aid, or Services Other Than Cash.
Section 27-30-18 - Deposit - Amounts; Purpose; Kind.
Section 27-30-19 - Deposit - Administration.
Section 27-30-20 - Funds of Association.
Section 27-30-21 - Accounts and Records.
Section 27-30-22 - Annual Statement; Furnishing of Other Information.
Section 27-30-23 - Duty of Officers and Agents.
Section 27-30-24 - Examinations by Commissioner.
Section 27-30-25 - Exemption of Resident Members', etc., Interest From Process.
Section 27-30-26 - Incorporation and Financing of New Associations.
Section 27-30-27 - Qualification of Corporation for Original Certificate of Authority.
Section 27-30-28 - Increase or Decrease of Capital Stock.
Section 27-30-29 - Membership; Meetings of Members; Voting Rights.
Section 27-30-30 - Directors or Trustees.
Section 27-30-32 - Applicability of Chapters 7 and 8a.
Section 27-30-33 - Applicability of Other Provisions.
Section 27-30-34 - Provision of Domestic Life and Disability Insurance Pursuant to Chapter 3.