Ala. Code § 27-6-1

Current with legislation from 2024 effective through July 1, 2024.

Section 27-6-1 - Deposits of insurers - Authorized deposits

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 when made pursuant to the laws of other states, provinces, and countries as requirement for authority to transact insurance in such state, province, or country;

(3) Deposits of reserves made by domestic life insurers under laws heretofore in force; and

(4) Deposits in such additional amounts as are permitted to be made under Section 27-6-11.

Ala. Code § 27-6-1 (1975)

Acts 1971, No. 407, p. 707, §97.