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93 chapters · 1,453 sections in this title.
Ala. Code § 27-4A-1 Short Title
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This chapter shall be known and may be cited as “The Insurance Premium Tax Reform Act of 1993.” (Acts 1993, No. 93-679, p. 1291, §1.)
Ala. Code § 27-4A-2 Definitions
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For the purposes of this chapter only, the following terms, unless the context clearly indicates otherwise, shall have the meanings: (1) ANNUITY CONSIDERATIONS. All sums received as consideration for annuity contracts. (2) COMMISSIONER. The Commissioner of Insurance of the State …
Ala. Code § 27-4A-3 Generally
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(a) Subject to the exceptions and exemptions hereinafter set forth, for the year beginning on January 1, 1995, and for each year thereafter, every insurer shall pay to the commissioner a premium tax equal to the percentage, as set out in this subsection, of the premiums received …
Ala. Code § 27-4A-4 Penalties
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Every insurer failing to comply with the requirements of this chapter shall be subject to a penalty of not less than $1,000 nor exceeding $10,000, recoverable in an action brought by the Attorney General for the commissioner. Upon any violation, the commissioner may suspend or re…