Alabama Statutes
§ 27-27-1 — Definitions
Alabama § 27-27-1
JurisdictionAlabama
Title 27Insurance
Ch. 27Organization and Corporate Procedures of Stock and Mutual Insurers
This text of Alabama § 27-27-1 (Definitions) 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 § 27-27-1 (2026).
Text
For the purposes of this chapter, the following terms shall have the meanings respectively ascribed to them by this section:
(1)STOCK INSURER. An incorporated insurer with capital divided into shares and owned by its stockholders.
(2)DOMESTIC MUTUAL INSURER. An incorporated insurer without capital stock and the governing body of which is elected as provided in this chapter.
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Legislative History
(Acts 1971, No. 407, p. 707, §§496, 497.)
Nearby Sections
15
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Bluebook (online)
Alabama § 27-27-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-27-1.