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17 chapters · 577 sections in this title.
Ala. Code § 25-5-255 Insolvency Fund
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Upon receipt of the funds assessed on members, the association may set aside funds for the administration of its affairs, and the balance of the funds shall be deposited to an insolvency fund under the following terms: (1) The fund is created for the purpose of assuring payment o…
Ala. Code § 25-5-256 Association Subject to Examination and Regulation by Department of Labor
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The association shall be subject to examination and regulation by the Department of Labor. No later than March 30 of each year, the board of directors shall submit a financial report for the preceding calendar year in a form approved by the department. (Acts 1989, No. 89-533, p. …
Ala. Code § 25-5-257 Assessments Deductible as Business Expenses
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A member may deduct as a business expense for state income tax purposes any assessment levied under Section 25-5-254 in the year such assessments are paid. (Acts 1989, No. 89-533, p. 1092, §8.)
Ala. Code § 25-5-270 Certain Employers Authorized to Purchase Insurance with Optional Deductibles
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(a) Each insurer issuing a policy under this article shall offer, as a part of the policy or as an optional endorsement to the policy, deductibles optional to the policyholder for benefits payable under this article. Deductible amounts offered shall be fully disclosed to the pros…