Alabama § 2-33-8 Transfer of Risks

Alabama Statutes

§ 2-33-8 — Transfer of Risks

Alabama § 2-33-8

Title 2Agriculture

Ch. 33Health Benefits Offered by Nonprofit Agricultural Organizations

This text of Alabama § 2-33-8 (Transfer of Risks) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 2-33-8 (2026).

Text

A nonprofit agricultural organization that offers health benefits under this chapter shall contract with an entity or entities authorized to engage in the business of insurance in this state which is not under common control with the nonprofit agricultural organization in order to transfer to the entity or entities all or a portion of the nonprofit agricultural organization’s risks arising from the health benefits offered under this chapter.

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A nonprofit agricultural organization that offers health benefits under this chapter shall contract with an entity or entities authorized to engage in the business of insurance in this state which is not under common control with the nonprofit agricultural organization in order to transfer to the entity or entities all or a portion of the nonprofit agricultural organization’s risks arising from the health benefits offered under this chapter.