Alabama § 27-27-2 Applicability of Chapter

Alabama Statutes

§ 27-27-2 — Applicability of Chapter

Alabama § 27-27-2

Title 27Insurance

Ch. 27Organization and Corporate Procedures of Stock and Mutual Insurers

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Bluebook

Ala. Code § 27-27-2 (2026).

Text

This chapter shall apply only to domestic stock insurers and domestic mutual insurers; except, that:

(1)Sections 27-27-4 through 27-27-14, relative to sale of securities or other financing of insurers or insurance operations, and subsection (b) of Section 27-27-24 shall also apply as to foreign and alien insurers; and

(2)This chapter shall be applicable as to mutual aid associations as stated in Chapter 30 of this title and as to fraternal benefit societies as stated in Chapters 34 and 35 of this title.

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This chapter shall apply only to domestic stock insurers and domestic mutual insurers; except, that:
(1) Sections 27-27-4 through 27-27-14, relative to sale of securities or other financing of insurers or insurance operations, and subsection (b) of Section 27-27-24 shall also apply as to foreign and alien insurers; and
(2) This chapter shall be applicable as to mutual aid associations as stated in Chapter 30 of this title and as to fraternal benefit societies as stated in Chapters 34 and 35 of this title.