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93 chapters · 1,453 sections in this title.
Ala. Code § 27-6B-1 Short Title
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Sections 27-6B-2 to 27-6B-6, inclusive, of this chapter may be cited as the “Alabama Business Transacted With Producer Controlled Property and Casualty Insurer Law.” (Acts 1993, No. 93-675, p. 1240, §14.)
Ala. Code § 27-6B-2 Definitions
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As used in this chapter, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) ACCREDITED STATE. A state in which the Department of Insurance meets the minimum financial qualifications and regulatory standards pro…
Ala. Code § 27-6B-3 Application of Chapter to Licensed Insurer
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This chapter shall apply to any licensed insurer as defined in Section 27-6B-2, either domiciled in this state or domiciled in a state that is not an accredited state but having in effect a substantially similar law. The Alabama Insurance Holding Company System Regulatory Act, Ch…
Ala. Code § 27-6B-4 Contract Requirements
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(a) Unless there is a written contract between the controlling producer and the insurer approved by the board of directors of the insurer and specifying the responsibilities of each party, a controlled insurer shall not accept business from a controlling producer and a controllin…