There is a newer version of the Code of Alabama
2015 Code of Alabama
Title 27 - INSURANCE.
Chapter 42 - INSURANCE GUARANTY ASSOCIATION.
Section 27-42-2 - Purpose of chapter.
AL Code § 27-42-2 (2015) What's This?
Section 27-42-2Purpose of chapter. The purpose of this chapter is to provide a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payments and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies and to provide an association to assess the cost of such protection among insurers.
(Acts 1980, No. 80-806, p. 1639, §2.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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