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2019 Code of Alabama
Title 27 - Insurance.
Chapter 32 - Rehabilitation, Reorganization, Conservation, and Liquidation of Insurers.
Section 27-32-41 - Priority of claims of policyholders and beneficiaries - Liability of receiver.
Universal Citation: AL Code § 27-32-41 (2019)
Section 27-32-41Priority of claims of policyholders and beneficiaries - Liability of receiver.
A receiver of an insolvent insurer in liquidation or rehabilitation acting upon order of a circuit court having jurisdiction over said receivership shall not be liable to civil suit for obeying or carrying out the terms of such court order or in giving a preference to policyholders. Any such civil actions filed against a receiver shall be dismissed and barred upon a showing that the receiver was acting pursuant to court order or in conformity with Sections 27-32-37 through 27-32-40.
(Acts 1975, No. 1040, p. 2085, §5.)
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