§ 27-6A-1 Short title
§ 27-6A-2 Definitions
§ 27-6A-3 Licensure requirements
§ 27-6A-4 Contract requirements
§ 27-6A-5 Duties of insurer
§ 27-6A-6 Acts of managing general agent
§ 27-6A-7 Penalties
§ 27-6A-8 Compliance

Terms Used In Alabama Code > Title 27 > Chapter 6A

  • actuary: A person who is a member in good standing of the American Academy of Actuaries. See Alabama Code 45-41-83.16
  • Arrest: Taking physical custody of a person by lawful authority.
  • assessment: A standardized diagnostic evaluation for placement in a treatment program. See Alabama Code 45-41-83.01
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • board: The Lee County Alternative Sentencing Board. See Alabama Code 45-41-83.01
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • drug: Includes all of the following:

    a. See Alabama Code 45-41-83.01

  • 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
  • Felony: A crime carrying a penalty of more than a year in prison.
  • Fiduciary: A trustee, executor, or administrator.
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • insurer: A person defined in subdivisions (2) and (3) of Section 27-1-2. See Alabama Code 45-41-83.16
  • 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
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • MANAGING GENERAL AGENT: Any person, firm, or association who does both of the following:

    a. See Alabama Code 45-41-83.16

  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • participant: A person who has been approved for participation in the program. See Alabama Code 45-41-83.01
  • program: The Lee County Alternative Sentencing Program. See Alabama Code 45-41-83.01
  • property: includes both real and personal property. See Alabama Code 30-3D-608
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • United States: includes the territories thereof and the District of Columbia. See Alabama Code 30-3D-608