Alabama § 27-31-5 Attorneys

Alabama Statutes

§ 27-31-5 — Attorneys

Alabama·Title 27 Insurance·Ch. 31 Reciprocal Insurers

(a)“Attorney,” as used in this chapter, refers to the attorney-in-fact of a reciprocal insurer. The attorney may be an individual, firm, or corporation.

(b)Contracts of the insurer, including its policies, shall be executed by the attorney, duly authorized and acting for the subscribers.

(c)The attorney of a foreign or alien reciprocal insurer, which insurer is duly authorized to transact insurance in this state, shall not, by virtue of discharge of its duties as such attorney with respect to the insurer’s transactions in this state, be thereby deemed to be doing business in this state within the meaning of any laws of this state applying to foreign firms or corporations.

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(a) “Attorney,” as used in this chapter, refers to the attorney-in-fact of a reciprocal insurer. The attorney may be an individual, firm, or corporation.
(b) Contracts of the insurer, including its policies, shall be executed by the attorney, duly authorized and acting for the subscribers.
(c) The attorney of a foreign or alien reciprocal insurer, which insurer is duly authorized to transact insurance in this state, shall not, by virtue of discharge of its duties as such attorney with respect to the insurer’s transactions in this state, be thereby deemed to be doing business in this state within the meaning of any laws of this state applying to foreign firms or corporations.

Alabama § 27-31-5 (Attorneys) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.