Ala. Code § 27-6-12

Current through the 2024 Regular Session.

Section 27-6-12 - Rights of solvent insurers

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, other eligible securities and assets of equivalent or greater value; and

(3) At any reasonable time, inspect any such deposit.

Ala. Code § 27-6-12 (1975)

Code 1940, T. 28, §73; Acts 1971, No. 407, p. 707, §108.