Priority of Claims of Policyholders and Beneficiaries - Payment of

Ala. Code § 27-32-38 — under Title 27.

Ala. Code § 27-32-38

Claims.

Upon proper filing of claims pursuant to this title and upon order of the appropriate circuit court having jurisdiction of such cause after hearing, the duly appointed

receiver shall make payment of claims upon liquidation of the insurer giving preference to policyholder claims as set out in Section 27-32-37 in strict conformity to said court order.

History: (Acts 1975, No. 1040, p. 2085, §2.)