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2018 Code of Alabama
Title 27 - INSURANCE.
Chapter 33 - TRUSTEED ASSETS OF ALIEN INSURERS.
Section 27-33-11 - Trusteed assets - Trustee statements.
Universal Citation: AL Code § 27-33-11 (2018)
Section 27-33-11Trusteed assets - Trustee statements.
(a) The trustee of trusteed assets shall from time to time file with the commissioner statements, in such form as he may designate and request in writing, certifying the character of such assets and the amounts thereof.
(b) If the trustee fails to file any such statement after request therefor and expiration of a reasonable time thereafter, the commissioner may suspend or revoke the certificate of authority of the insurer.
(Acts 1971, No. 407, p. 707, §666.)
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