reglab/housing_qa huggingface dataset:
AL Code § 27-33-13 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 33 - Trusteed Assets of Alien Insurers.|Section 27-33-13 - Trusteed Assets - Withdrawal.

Section 27-33-13Trusteed assets - Withdrawal. (a) The trust agreement shall provide, in substance, that no withdrawals of trusteed assets shall be made by the insurer or permitted by the trustee without the written authorization or approval of the commissioner in advance thereof except as follows: (1) Any or all income, earnings, dividends, or interest accumulations of the trusteed assets may be paid over to the United States manager of the insurer upon request of the insurer or the manager; (2) For substitution, coincidentally with such withdrawal, of other securities or assets of value at least equal in amount to those being withdrawn, if such substituted securities or assets are likewise such as are eligible for investment of the funds of like domestic insurers and if such withdrawal is requested in writing by the insurer's United States manager pursuant to general or specific written authority previously given or delegated by the insurer's board of directors, or other similar governing body, and a copy of such authority has been filed with the trustee; (3) For the purpose of making deposits required by law in any state in which the insurer is, or thereafter becomes, an authorized insurer for the protection of the insurer's policyholders or policyholders and creditors in such state or in the United States, if such withdrawal does not reduce the insurer's deposit in this state to an amount less than the minimum deposit required under subsection (a) of Section 27-3-14. The trustee shall transfer any assets so withdrawn and in the amount so required to be deposited in the other state direct to the depositary required to receive such deposit in such other state, as certified in writing by the public official having supervision of insurance in the other state; and (4) For the purpose of transferring the trusteed assets to an official liquidator, conservator, or rehabilitator pursuant to the order of a court of competent jurisdiction. (b) The commissioner shall so authorize or approve withdrawal of only such assets as are in excess of the amount of assets required to be so held in trust under Section 27-33-2, or as may otherwise be consistent with the provisions of this chapter. (c) If at any time the insurer becomes insolvent or if its assets held in the United States are less in amount than as required under subsection (a) of Section 27-3-14, upon determination thereof, the commissioner shall in writing order the trustee to suspend the right of the insurer or any other person to withdraw assets as authorized under subdivisions (a) (1), (a) (2), and (a) (3) of this section, and the trustee shall comply with such order until the further order of the commissioner. (Acts 1971, No. 407, p. 707, §668.)
AL Code § 27-33-14 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 33 - Trusteed Assets of Alien Insurers.|Section 27-33-14 - Trustees - Substitution.

Section 27-33-14Trustees - Substitution. (a) A new trustee, or new trustees, may be substituted for the original trustee, or trustees, of trusteed assets in the event of a vacancy or for other proper cause. Any such substitution shall be subject to the commissioner's approval. (b) If the trustees of any trusteed assets heretofore created are individuals, and if the number of such trustees is reduced to less than three by death, resignation, or otherwise, the commissioner shall require that there be substituted for such trustees a bank or trust company in this state approved by him. (Acts 1971, No. 407, p. 707, §669.)
AL Code § 27-33-15 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 33 - Trusteed Assets of Alien Insurers.|Section 27-33-15 - Trustees - Compensation and Expenses.

Section 27-33-15Trustees - Compensation and expenses. The compensation and expenses of any trustee, or trustees, of assets of an alien insurer under this chapter shall be borne by the insurer in such amount, or on such basis, as may be agreed upon by the insurer and the trustees and as set forth in the trust agreement. (Acts 1971, No. 407, p. 707, §671.)
AL Code § 27-33-16 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 33 - Trusteed Assets of Alien Insurers.|Section 27-33-16 - Canadian Insurers.

Section 27-33-16Canadian insurers. The provisions of this chapter applicable to a United States manager shall, in the case of insurers domiciled in Canada, be deemed to refer to the president, vice-president, secretary, or treasurer of such a Canadian insurer. (Acts 1971, No. 407, p. 707, §670.)
AL Code § 27-34-1 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-1 - Definitions.

Section 27-34-1Definitions. For the purposes of this chapter, the following terms shall have the meanings respectively ascribed to them by this section: (1) FRATERNAL BENEFIT SOCIETY. Any incorporated society, order, or supreme lodge without capital stock, including one exempted under the provisions of subdivision (a) (3) of Section 27-34-5, whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government and which makes provision for the payment of benefits in accordance with this chapter is hereby declared to be a fraternal benefit society. (2) SOCIETY. Such term, unless otherwise indicated, means a fraternal benefit society. (3) PREMIUMS. Premiums, rates, or other required contributions by whatever name known. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §§672, 703.)
AL Code § 27-34-2 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-2 - Societies Deemed Operating on Lodge System.

Section 27-34-2Societies deemed operating on lodge system. A society having a supreme legislative or governing body and subordinate lodges or branches, by whatever name known, into which members are elected, initiated, or admitted in accordance with its constitution, laws, ritual, and rules, which subordinate lodges or branches are required by the laws of the society to hold regular meetings at least once in each month shall be deemed to be operating on the lodge system. (Acts 1911, No. 476, p. 700; Acts 1931, No. 55, p. 71; Acts 1971, No. 407, p. 707, §673.)
AL Code § 27-34-3 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-3 - When Society Deemed as Having Representative Form of Government.

Section 27-34-3When society deemed as having representative form of government. A society shall be deemed to have a representative form of government when: (1) It provides in its constitution or laws for a supreme legislative or governing body, composed of representatives elected either by the members or by delegates elected, directly or indirectly, by the members, together with such other members of such body as may be prescribed by the society's constitution and laws; (2) The representatives elected constitute a majority in number and have not less than two thirds of the votes nor less than the votes required to amend its constitution and laws; (3) The meetings of the supreme legislative or governing body and the election of officers, representatives, or delegates are held as often as once in four calendar years; (4) Each insured member shall be eligible for election to act or serve as a delegate to such meeting; (5) The society has a board of directors charged with the responsibility for managing its affairs in the interim between meetings of its supreme legislative or governing body, subject to control by such body, and having powers and duties delegated to it in the constitution or laws of the society; (6) Such board of directors is elected by the supreme legislative or governing body, except in case of filling a vacancy in the interim between meetings of such body; (7) The officers are elected either by the supreme legislative or governing body or by the board of directors; and (8) The members, officers, representatives, or delegates shall not vote by proxy. (Acts 1911, No. 476, p. 700; Acts 1931, No. 55, p. 71; Acts 1971, No. 407, p. 707, §674.)
AL Code § 27-34-4 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-4 - Applicability of Chapter - Generally.

Section 27-34-4Applicability of chapter - Generally. Except as provided in this chapter, societies shall be governed by this chapter and shall be exempt from all other provisions of the insurance laws of this state, not only in governmental relations with the state, but for every other purpose. No law hereafter enacted shall apply to them unless they are expressly designated therein. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §675.)
AL Code § 27-34-6 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-6 - License - Requirement; Renewal; Fee; Evidence.

Section 27-34-6License - Requirement; renewal; fee; evidence. (a) No fraternal benefit society shall transact business in this state unless authorized therefor under a subsisting license issued to the society by the commissioner. (b) Societies authorized to transact business in this state as of immediately prior to January 1, 1972, may continue such business until the April 1 next succeeding January 1, 1972. The authority of such societies, and of all societies hereafter licensed, may thereafter be renewed annually, but in all cases to terminate on the succeeding April 1; however, a license so issued shall continue in full force and effect until the new license is issued or specifically refused. (c) For each such license or renewal, the society shall pay the commissioner $50.00. (d) A duly certified copy or duplicate of the license shall be prima facie evidence that the licensee is a fraternal benefit society within the meaning of this chapter. (e) Any person who in this state solicits membership for, or in any manner assists in procuring membership in, any fraternal benefit society not currently licensed to do business in this state shall be guilty of a misdemeanor and, upon conviction thereof, shall be subject to the penalties prescribed by Section 27-1-12. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §677.)
AL Code § 27-34-7 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-7 - License - Foreign or Alien Societies - Application; Qualifications.

Section 27-34-7License - Foreign or alien societies - Application; qualifications. (a) No foreign or alien society shall transact business in this state without a license issued by the commissioner. Any such society may be licensed to transact business in this state upon filing with the commissioner: (1) A duly certified copy of its charter or articles of incorporation; (2) A copy of its constitution and laws, certified by its secretary or corresponding officer; (3) A power of attorney to the commissioner as prescribed in Section 27-34-47; (4) A statement of its business under oath of its president and secretary, or corresponding officers, in a form prescribed by the commissioner, duly verified by an examination made by the supervising insurance official of its home state or other state, territory, province, or country satisfactory to the commissioner; (5) A certificate from the proper official of its home state, territory, province, or country that the society is legally incorporated and licensed to transact business therein; (6) Copies of its certificate forms; and (7) Such other information as he may deem necessary, and upon a showing that its assets are invested in accordance with the provisions of this chapter. (b) Any foreign or alien society desiring admission to this state shall have the qualifications required of domestic societies organized under this chapter. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §678.)
AL Code § 27-34-8 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-8 - License - Foreign or Alien Societies - Suspension, Revocation, or Refusal.

Section 27-34-8License - Foreign or alien societies - Suspension, revocation, or refusal. (a) When the commissioner upon investigation finds that a foreign or alien society transacting or applying to transact business in this state:  (1) Has exceeded its powers; (2) Has failed to comply with any of the provisions of this chapter; (3) Is not fulfilling its contracts in good faith; or (4) Is conducting its business fraudulently or in a manner hazardous to its members or creditors or the public,   he shall notify the society of his findings, state in writing the reasons for his dissatisfaction and require the society to show cause on a date named why its license should not be suspended, revoked, or refused. If on such date the society does not show good and sufficient cause why its authority to do business in this state should not be suspended, revoked, or refused, he may suspend or refuse the license of the society to do business in this state, until satisfactory evidence is furnished to him that such suspension or refusal should be withdrawn, or he may revoke the authority of the society to do business in this state. (b) Nothing contained in this section shall be taken or construed as preventing any such society from continuing in good faith all contracts made in this state during the time such society was legally authorized to transact business herein. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §679.)
AL Code § 27-34-9 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-9 - Articles of Incorporation - Contents.

Section 27-34-9Articles of incorporation - Contents. Seven or more citizens of the United States, a majority of whom are citizens of this state, who desire to form a fraternal benefit society, may make, sign, and acknowledge before some officer, competent to take acknowledgment of deeds, articles of incorporation, in which shall be stated: (1) The proposed corporate name of the society, which shall not so closely resemble the name of any society or insurance company as to be misleading or confusing; (2) The purposes for which it is being formed and the mode in which its corporate powers are to be exercised. Such purposes shall not include more liberal powers than are granted by this chapter; provided, however, that any lawful, social, intellectual, educational, charitable, benevolent, moral, fraternal, or religious advantages may be set forth among the purposes of the society; and (3) The names and residences of the incorporators and the names, residences, and official titles of all the officers, trustees, directors, or other persons who are to have and exercise the general control of the management of the affairs and funds of the society for the first year or until the ensuing election at which all such officers shall be elected by the supreme legislative or governing body, which election shall be held not later than one year from the date of the issuance of the permanent certificate. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §680.)
AL Code § 27-34-10 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-10 - Articles of Incorporation - Filing With Other Documents; Bond; Preliminary Certificate.

Section 27-34-10Articles of incorporation - Filing with other documents; bond; preliminary certificate. Such articles of incorporation, duly certified copies of the constitution, laws, and rules, copies of all proposed forms of certificates, applications therefor, and circulars to be issued by the society and a bond conditioned upon the return to applicants of the advanced payments, if the organization is not completed within one year, shall be filed with the commissioner, who may require such further information as he deems necessary. The bond, with sureties, approved by the commissioner shall be in such amount, not less than $5,000.00 nor more than $25,000.00, as required by the commissioner. All documents filed are to be in the English language. If the purposes of the society conform to the requirements of this chapter and all provisions of the law have been complied with, the commissioner shall so certify, retain, and file the articles of incorporation and furnish the incorporators a preliminary certificate authorizing the society to solicit members as provided in this chapter. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §681.)
AL Code § 27-34-11 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-11 - Preliminary Certificate - Time to Complete Organization.

Section 27-34-11Preliminary certificate - Time to complete organization. No preliminary certificate granted under the provisions of this section shall be valid after one year from its date or after such further period, not exceeding one year, as may be authorized by the commissioner upon cause shown, unless the 500 applicants required in this chapter have been secured and the organization has been completed as provided in this chapter. The articles of incorporation and all other proceedings thereunder shall become null and void in one year from the date of the preliminary certificate, or at the expiration of the extended period, unless the society shall have completed its organization and received a certificate of authority to do business as provided in this chapter. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §682.)
AL Code § 27-34-12 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-12 - Preliminary Certificate - Initial Solicitations and Qualifications.

Section 27-34-12Preliminary certificate - Initial solicitations and qualifications. Upon receipt of a preliminary certificate from the commissioner, the society may solicit members for the purpose of completing its organization, shall collect from each applicant the amount of not less than one regular monthly premium in accordance with its table of rates as provided by its constitution and laws and shall issue to each such applicant a receipt for the amount so collected. No society shall incur any liability other than for the return of such advance premium, nor issue any certificate, nor pay, allow, or offer or promise to pay or allow any death or disability benefit to any person until: (1) Actual bona fide applications for death benefits have been secured aggregating at least $500,000.00 on not less than 500 lives; (2) All such applicants for death benefits shall have furnished evidence of insurability satisfactory to the society; (3) Certificates of examinations or acceptable declarations of insurability have been duly filed and approved by the chief medical examiner of the society; (4) Ten subordinate lodges or branches have been established into which the 500 applicants have been admitted; (5) There has been submitted to the commissioner, under oath of the president or secretary, or corresponding officer of the society, a list of such applicants, giving their names, addresses, date each was admitted, name and number of the subordinate branch of which each applicant is a member, amount of benefits to be granted and premiums therefor; and (6) It shall have been shown to the commissioner, by sworn statement of the treasurer, or corresponding officer of such society, that at least 500 applicants have each paid in cash at least one regular monthly premium as provided in this chapter, which premiums in the aggregate shall amount to at least $2,500.00, all of which shall be credited to the fund, or funds, from which benefits are to be paid and no part of which may be used for expenses. Such advance premiums shall be held in trust during the period of organization, and if the society has not qualified for a certificate of authority within one year, as provided in this chapter, the premiums shall be returned to the applicants. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §683.)
AL Code § 27-34-13 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-13 - Certificate of Compliance.

Section 27-34-13Certificate of compliance. The commissioner may make such examination and require such further information as he deems advisable. Upon presentation of satisfactory evidence that the society has complied with all the provisions of law, he shall issue to the society a certificate to that effect and that the society is authorized to transact business pursuant to the provisions of this chapter. The certificate shall be prima facie evidence of the existence of the society at the date of such certificate. The commissioner shall cause a record of such certificate to be made. A certified copy of such record may be given in evidence with like effect as the original certificate. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §684.)
AL Code § 27-34-14 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-14 - Constitution and Laws; Powers.

Section 27-34-14Constitution and laws; powers. (a) Every society shall have the power to adopt a constitution and laws for the government of the society, the admission of its members, the management of its affairs and the fixing and readjusting of the rates of its members from time to time. It shall have the power to change, alter, add to, or amend such constitution and laws. (b) A society shall have such other powers as are necessary and incidental to carrying into effect the objects and purposes of the society. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §685.)
AL Code § 27-34-15 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-15 - Existing Incorporated Societies.

Section 27-34-15Existing incorporated societies. Any incorporated society authorized to transact business in this state on January 1, 1973, may thereafter exercise all the rights, powers, and privileges prescribed in this chapter and in its charter or articles of incorporation as far as consistent with this chapter. A domestic society shall not be required to reincorporate. (Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §686.)
AL Code § 27-34-16 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 34 - Fraternal Benefit Societies.|Section 27-34-16 - Incorporation of Existing Unincorporated Domestic Voluntary Associations.

Section 27-34-16Incorporation of existing unincorporated domestic voluntary associations. (a) After January 1, 1973, no unincorporated or voluntary association shall be permitted to transact business in this state as a fraternal benefit society. (b) Any domestic voluntary association now authorized to transact business in this state may incorporate and shall receive from the commissioner a permanent certificate of incorporation as a fraternal benefit society when: (1) It has completed its conversion to an incorporated society not later than January 1, 1974; (2) It has filed its articles of incorporation and has satisfied the other requirements described in Sections 27-34-9 through 27-34-13; and (3) The commissioner has made such examination and procured whatever additional information he deems advisable. (c) Every voluntary association so incorporated shall incur the obligations and enjoy the benefits thereof the same as though originally incorporated, and such corporation shall be deemed a continuation of the original voluntary association. The officers thereof shall serve through their respective terms as provided in its original articles of association, but their successors shall be elected and serve as provided in its articles of incorporation. Incorporation of a voluntary association shall not affect existing actions, claims, or contracts. (Acts 1971, No. 407, p. 707, §687.)