Title 27 — Title 27
0 chapters · 1,534 sections in this title.
Ala. Code § 27-2A-1 Short Title
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This chapter shall be known as the Alabama Disclosure of Material Transactions Act. History: (Acts 1996, No. 96-784, p. 1426, §2.)
Ala. Code § 27-2A-2 Report of Material Acquisitions and Dispositions; Confidential
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Treatment. (a) Every insurer domiciled in this state shall file a report with the commissioner disclosing material acquisitions and dispositions of assets or material nonrenewals, cancellations, or revisions of ceded reinsurance agreements unless the acquisitions and dispositions…
Ala. Code § 27-2A-3 Materiality; Scope; Information to Be Reported
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(a) Materiality. No acquisitions or dispositions of assets need be reported, pursuant to Section 27-2A-2, if the acquisitions or dispositions are not material. For purposes of this section, a material acquisition (or the aggregate of any series of related acquisitions during any …
Ala. Code § 27-2A-4 Nonrenewals, Cancellations, or Revisions of Ceded Reinsurance
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Agreements. (a) Materiality and scope. (1) No nonrenewals, cancellations, or revisions of ceded reinsurance agreements need be reported pursuant to Section 27-2A-2 if the nonrenewals, cancellations, or revisions are not material. For purposes of this section, a material nonrenewa…