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2022 Code of Alabama
Title 27 - Insurance.
Chapter 33 - Trusteed Assets of Alien Insurers.
Section 27-33-4 - Purpose and Duration of Trust.
Universal Citation: AL Code § 27-33-4 (2022)
Section 27-33-4
Purpose and duration of trust.
The deposit required by Section 27-33-2 shall be for the benefit, security, and protection of the policyholders or policyholders and creditors of the insurer in the United States. It shall be maintained as long as there is outstanding any liability of the insurer arising out of its insurance transactions in the United States.
(Acts 1971, No. 407, p. 707, §659.)
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