Alabama § 27-27-60 Insider Trading of Domestic Stock Insurer Equity Securities - Rules and Regulations

Alabama Statutes

§ 27-27-60 — Insider Trading of Domestic Stock Insurer Equity Securities - Rules and Regulations

Alabama·Title 27 Insurance·Ch. 27 Organization and Corporate Procedures of Stock and Mutual Insurers

The commissioner shall have the power to make such rules and regulations as may be necessary for the execution of the functions vested in him by Sections 27-27-53 through 27-27-59 and may for such purpose classify domestic stock insurance companies, securities, and other persons or matters within his jurisdiction. No provision of Sections 27-27-53 through 27-27-55 imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the commissioner, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or determined by judicial or other authority to be invalid for any reason.

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The commissioner shall have the power to make such rules and regulations as may be necessary for the execution of the functions vested in him by Sections 27-27-53 through 27-27-59 and may for such purpose classify domestic stock insurance companies, securities, and other persons or matters within his jurisdiction. No provision of Sections 27-27-53 through 27-27-55 imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the commissioner, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or determined by judicial or other authority to be invalid for any reason.

Alabama § 27-27-60 (Insider Trading of Domestic Stock Insurer Equity Securities - Rules and Regulations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.