Alabama § 27-2-50 Established; Appointment, Term of Office, and Compensation of Chief

Alabama Statutes

§ 27-2-50 — Established; Appointment, Term of Office, and Compensation of Chief

Alabama § 27-2-50

Title 27Insurance

Ch. 2Department and Commissioner of Insurance

Art. 2Receivership Division

This text of Alabama § 27-2-50 (Established; Appointment, Term of Office, and Compensation of Chief) 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 § 27-2-50 (2026).

Text

There is hereby established within the Department of Insurance a Receivership Division to be managed and headed by a chief of said division. The chief of said Receivership Division shall be appointed by the Commissioner of Insurance and shall serve at his pleasure. The compensation of said chief shall be fixed by the commissioner; except, that said compensation shall not exceed that of the highest paid division chief in the Insurance Department under the Merit System.

Free access — add to your briefcase to read the full text and ask questions with AI

There is hereby established within the Department of Insurance a Receivership Division to be managed and headed by a chief of said division. The chief of said Receivership Division shall be appointed by the Commissioner of Insurance and shall serve at his pleasure. The compensation of said chief shall be fixed by the commissioner; except, that said compensation shall not exceed that of the highest paid division chief in the Insurance Department under the Merit System.