§ 27-13-20 Definitions
§ 27-13-21 Applicability of article – Generally
§ 27-13-22 Applicability of article – Inland marine insurance
§ 27-13-23 Applicability of article – Exemptions
§ 27-13-24 Rating organizations – License; application therefor; renewal thereof; fee for same
§ 27-13-25 Rating organizations – Provisions for insurers to become members or subscribers
§ 27-13-26 Rating organizations – Withdrawal, expulsion, and readmission of members or subscribers
§ 27-13-27 Rate-making and making rating systems
§ 27-13-28 Annual statistical reports of insurers
§ 27-13-29 Filing of rating systems with department by insurers – Requirement
§ 27-13-30 Filing of rating systems with department by insurers – Examination and approval or disapproval by commissioner
§ 27-13-31 Survey of risks rated upon schedule
§ 27-13-32 Hearings on applications to reduce rates
§ 27-13-33 Applications for uniform percentage increase or decrease of rates by insurers
§ 27-13-34 Approval of rates and forms for insuring special types or classes of risks
§ 27-13-35 Factors to be considered by commissioner in determining reasonableness, etc., of rates
§ 27-13-36 Examination of business, etc., of rating organizations and insurers making own rates
§ 27-13-37 Alteration, supplementation, and amendment of rating systems
§ 27-13-38 Prohibition against premiums not in accord with approved rating systems
§ 27-13-39 False or misleading information concerning rates
§ 27-13-40 Suspension of license or certificate of authority
§ 27-13-41 Order revoking or suspending licenses
§ 27-13-42 Notices, hearings, and orders by commissioner
§ 27-13-43 Review of final orders of commissioner
§ 27-13-44 Delegation of authority by commissioner
§ 27-13-45 Penalty for violation of article
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Terms Used In Alabama Code > Title 27 > Chapter 13 > Article 2 - Fire, Etc., and Inland Marine Insurance

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • circuit: means judicial circuit. See Alabama Code 1-1-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • following: means next after. See Alabama Code 1-1-1
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Impeachment: (1) The process of calling something into question, as in "impeaching the testimony of a witness." (2) The constitutional process whereby the House of Representatives may "impeach" (accuse of misconduct) high officers of the federal government for trial in the Senate.
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • month: means a calendar month. See Alabama Code 1-1-1
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
  • Personal property: All property that is not real property.
  • personal property: includes money, goods, chattels, things in action and evidence of debt, deeds and conveyances. See Alabama Code 1-1-1
  • preceding: means next before. See Alabama Code 1-1-1
  • Probate: Proving a will
  • property: includes both real and personal property. See Alabama Code 1-1-1
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
  • Statute: A law passed by a legislature.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • United States: includes the territories thereof and the District of Columbia. See Alabama Code 1-1-1
  • Usury: Charging an illegally high interest rate on a loan. Source: OCC
  • Writ of certiorari: An order issued by the Supreme Court directing the lower court to transmit records for a case for which it will hear on appeal.
  • writing: includes typewriting and printing on paper. See Alabama Code 1-1-1
  • year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1