Ala. Code § 27-33-4
Current with legislation from 2024 effective through May 17, 2024.
The deposit required by Section 27-33-2 shall be for the benefit, security, and protection of the policyholders or policyholders and creditors of the insurer in the United States. It shall be maintained as long as there is outstanding any liability of the insurer arising out of its insurance transactions in the United States.
Ala. Code § 27-33-4 (1975)