™Your Policy Risk Impact Agent
93 chapters · 1,453 sections in this title.
Ala. Code § 27-6-1 Deposits of Insurers - Authorized Deposits
0.7K chars
The following deposits of insurers, when made through the commissioner, shall be accepted and held and shall be subject to the provisions of this chapter: (1) Deposits required under this title for authority to transact insurance in this state; (2) Deposits of domestic insurers w…
Ala. Code § 27-6-10 Power of Attorney - New Power of Attorney
0.6K chars
If less than all of the securities or assets covered by any such power of attorney is returned to the insurer or its trustee or agent, the commissioner may require the insurer to deliver to him, as a condition precedent to the return of such power of attorney, a new power of atto…
Ala. Code § 27-6-11 Excess Deposits
0.7K chars
An insurer may so deposit assets or securities in an amount exceeding its deposit required or otherwise permitted under this title by not more than 20 percent of such required or permitted deposit or $100,000.00, whichever is the larger amount, for the purpose of absorbing fluctu…
Ala. Code § 27-6-12 Rights of Solvent Insurers
0.5K chars
So long as the insurer remains solvent and is in compliance with this title, it may: (1) Demand, receive, maintain actions for, and recover the income from the securities or assets deposited; (2) Exchange and substitute for the deposited securities or assets, or any part thereof,…