Alabama § 27-2-55 Assumption by Receiver of Certain Former Powers, Duties, Etc., of Commissioner

Alabama Statutes

§ 27-2-55 — Assumption by Receiver of Certain Former Powers, Duties, Etc., of Commissioner

Alabama § 27-2-55

Title 27Insurance

Ch. 2Department and Commissioner of Insurance

Art. 2Receivership Division

This text of Alabama § 27-2-55 (Assumption by Receiver of Certain Former Powers, Duties, Etc., of Commissioner) 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 § 27-2-55 (2026).

Text

All duties, rights, power, authority, and responsibility placed upon the Commissioner of Insurance by Sections 27-32-15 through 27-32-36, or by future law, as receiver of an insurer shall be vested in and assumed by the receiver appointed pursuant to this article, however, nothing herein shall divest the commissioner of the authority to examine insurers for solvency and to institute delinquency proceedings pursuant to law.

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All duties, rights, power, authority, and responsibility placed upon the Commissioner of Insurance by Sections 27-32-15 through 27-32-36, or by future law, as receiver of an insurer shall be vested in and assumed by the receiver appointed pursuant to this article, however, nothing herein shall divest the commissioner of the authority to examine insurers for solvency and to institute delinquency proceedings pursuant to law.