There is a newer version
of
this Section
2019 Code of Alabama
Title 27 - Insurance.
Chapter 2 - Department and Commissioner of Insurance.
Article 2 - Receivership Division.
Section 27-2-54 - Appointment of chief as receiver - Existing receiverships.
Universal Citation: AL Code § 27-2-54 (2019)
Section 27-2-54Appointment of chief as receiver - Existing receiverships.
The Commissioner of Insurance, as receiver in any existing receivership, may petition the proper receivership court to name as receiver thereof the Chief of the Receivership Division as provided for in this article, and upon making an accounting of the assets of such receivership by the commissioner, the court shall so change receivers or ancillary receivers by releasing and discharging the commissioner from such duty and responsibility and shall name the Chief of the Receivership Division as receiver or ancillary receiver.
(Acts 1975, No. 1039, p. 2083, §3.)
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
