§ 27-31C-1 Short title
§ 27-31C-2 Definitions
§ 27-31C-3 License to provide homeowners insurance; exemptions; powers and duties
§ 27-31C-4 Issuance of license – Requirements
§ 27-31C-5 Formation requirements
§ 27-31C-6 Exemptions from chapter
§ 27-31C-7 Confidentiality of information
§ 27-31C-8 Application notice and acknowledgement
§ 27-31C-9 Findings of the commissioner

Terms Used In Alabama Code > Title 27 > Chapter 31C

  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • oath: includes affirmation. See Alabama Code 30-3D-608
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Subpoena: A command to a witness to appear and give testimony.