Alabama § 27-30-21 Accounts and Records

Alabama Statutes

§ 27-30-21 — Accounts and Records

Alabama § 27-30-21

Title 27Insurance

Ch. 30Mutual Aid Associations

This text of Alabama § 27-30-21 (Accounts and Records) 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 § 27-30-21 (2026).

Text

(a)Every mutual aid association shall keep complete and accurate accounts and records of its affairs and transactions, in accordance with the usual and accepted methods and principles of insurance accounting and record keeping as applicable to the kind of business transacted by the association.

(b)All such accounts and records of a mutual aid association shall be kept in the principal offices of the association located in this state and be available for inspection thereat by the commissioner on any general business day.

(c)The commissioner may suspend or revoke the certificate of authority of any association found by him to be in violation of this section.

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(a) Every mutual aid association shall keep complete and accurate accounts and records of its affairs and transactions, in accordance with the usual and accepted methods and principles of insurance accounting and record keeping as applicable to the kind of business transacted by the association.
(b) All such accounts and records of a mutual aid association shall be kept in the principal offices of the association located in this state and be available for inspection thereat by the commissioner on any general business day.
(c) The commissioner may suspend or revoke the certificate of authority of any association found by him to be in violation of this section.