Code of Alabama
Title 27 - Insurance.
Chapter 3 - Authorization of Insurers.

Section 27-3-1 - Certificate of Authority - Requirement. - (a) No person shall act as an insurer and no...

Section 27-3-2 - Certificate of Authority - Exceptions - Generally. - A certificate of authority shall not be required of an...

Section 27-3-3 - Certificate of Authority - Exceptions - Investment in Real Estate or Securities Secured Thereby. - A foreign insurer may transact business in this state without...

Section 27-3-4 - Authority to Transact Insurance - Eligibility. - To qualify for and hold authority to transact insurance in...

Section 27-3-5 - Authority to Transact Insurance - Use of Name by Insurer. - (a) No insurer shall be authorized to transact insurance which...

Section 27-3-6 - Authority to Transact Insurance - Kind or Combinations of Kinds - Restrictions. - An insurer which otherwise qualifies therefor may be authorized to...

Section 27-3-6.1 - Authority to Transact Insurance - Kind or Combinations of Kinds - Closing or Settlement Protection. - (a) Notwithstanding the provisions of subdivision (3) of Section 27-3-6,...

Section 27-3-7 - Authority to Transact Insurance - Kind or Combinations of Kinds - Minimum Paid-in Capital Stock and Surplus. - (a) To qualify for authority to transact any one kind...

Section 27-3-8 - Authority to Transact Insurance - Kind or Combinations of Kinds - Special Surplus. - (a) In addition to the minimum paid-in capital stock (stock...

Section 27-3-9 - Minimum Capital and Surplus for New Domestic Stock Life Insurance Company. - The minimum capital required to form and organize a new...

Section 27-3-10 - Application of Capital Surplus to Reduction or Elimination of Deficit by Domestic Stock Insurers. - (a) For the purposes of this section, the following words...

Section 27-3-11 - Deposit Requirements - Generally. - (a) The commissioner shall not issue or permit to exist...

Section 27-3-12 - Deposit Requirements - Special Deposit - Surety Insurers. - (a) In addition to the deposit required under Sections 27-3-11...

Section 27-3-13 - Deposit Requirements - Special Deposit - Title Insurers. - (a) For authority to transact such insurance in this state,...

Section 27-3-14 - Deposit Requirements - Alien Insurers - Generally. - (a) An alien insurer shall not have authority to transact...

Section 27-3-15 - Deposit Requirements - Alien Insurers - Trusteed Assets. - (a) In order to comply with the requirements of Section...

Section 27-3-16 - Lloyd's Insurers. - Aggregations of individuals as underwriters, whether domestic, foreign, or alien,...

Section 27-3-17 - Application for Certificate of Authority - Filing. - To apply for an original certificate of authority an insurer...

Section 27-3-18 - Application for Certificate of Authority - Issuance or Refusal; Ownership of Certificate. - (a) If upon completion of the application for a certificate...

Section 27-3-19 - Continuance, Expiration, Reinstatement and Amendment of Certificates. - (a) Certificates of authority issued or renewed under this title...

Section 27-3-20 - Suspension or Revocation of Certificates - Mandatory Grounds; Notice and Hearing. - (a) The commissioner shall suspend or revoke an insurer's certificate...

Section 27-3-21 - Suspension or Revocation of Certificates - Additional Grounds; Notice and Hearing. - (a) The commissioner may, in his discretion, suspend or revoke...

Section 27-3-22 - Suspension or Revocation of Certificates - Order and Notices. - (a) Suspension or revocation of an insurer's certificate of authority...

Section 27-3-23 - Suspension or Revocation of Certificates - Duration of Suspension; Obligations of Insurer During Suspension; Reinstatement. - (a) Suspension of an insurer's certificate of authority shall be...

Section 27-3-24 - Service of Process on Insurers - Appointment of Commissioner as Agent. - (a) Each insurer applying for a certificate of authority to...

Section 27-3-25 - Service of Process on Insurers - How Served; Time to Answer or Plead. - (a) Service of process upon the commissioner as process agent...

Section 27-3-26 - Annual Statement of Insurers; Furnishing of Other Information on Request. - (a) Each authorized insurer shall, annually on or before March...

Section 27-3-26.1 - Annual Submission of Statement of Actuarial Opinion; Application for Exemption. - (a) Every property or casualty insurer doing business in this...

Section 27-3-27 - Insurers to Do Business Through Licensed Agents, etc.; Exceptions. - (a) No insurer shall, in this state, directly or indirectly,...

Section 27-3-28 - Execution of Contracts Through Countersigning Resident Agent; Exceptions. - Repealed by Act 2001-702, p. 1509, §16, effective January 1,...

Section 27-3-29 - Protection of State Insurers Against Foreign Discriminatory or Onerous Requirements. - (a) The purpose of this section is to aid in...

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...

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. - Any domestic insurer may, upon the approval of the Commissioner...

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,... - The certificate of authority, agents appointments and licenses, rates, and...

Section 27-3-33 - Rules and Regulations. - The Commissioner of Insurance of this state may promulgate necessary...