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2018 Code of Alabama
Title 27 - INSURANCE.
Chapter 6 - ADMINISTRATION OF DEPOSITS.
Section 27-6-1 - Deposits of insurers - Authorized deposits.
Universal Citation: AL Code § 27-6-1 (2018)
Section 27-6-1Deposits 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.
(Acts 1971, No. 407, p. 707, §97.)
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