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2019 Code of Alabama
Title 27 - Insurance.
Chapter 27 - Organization and Corporate Procedures of Stock and Mutual Insurers.
Section 27-27-51 - Rules and regulations as to securities of domestic stock insurers.
Universal Citation: AL Code § 27-27-51 (2019)
Section 27-27-51Rules and regulations as to securities of domestic stock insurers.
The commissioner shall have the power, and it shall be his duty, to prescribe, publish, and disseminate to all domestic stock insurance companies uniform written rules and regulations of proxies, consents, and authorizations, including the solicitation thereof, and information necessary, or appropriate to, such solicitation or to the authorization sought thereby, in respect of securities issued by such domestic stock insurance companies; and it shall be unlawful for any person to solicit or to permit the use of his name to solicit any proxy, consent or authorization in respect of any such securities in contravention of such rules and regulations as may be prescribed, published, and disseminated pursuant to this section.
(Acts 1971, No. 407, p. 707, §547.)
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