Alabama § 27-32-10 Grounds - Ancillary Liquidation of Foreign Insurers

Alabama Statutes

§ 27-32-10 — Grounds - Ancillary Liquidation of Foreign Insurers

Alabama·Title 27 Insurance·Ch. 32 Rehabilitation, Reorganization, Conservation, and Liquidation of Insurers

The commissioner may apply to the court for an order appointing him as ancillary receiver of, and directing him to liquidate, the business of a foreign insurer having assets, business, or claims in this state upon the appointment in the domiciliary state of such insurer of a receiver, liquidator, conservator, rehabilitator, or other officer by whatever name called for the purpose of liquidating the business of such insurer.

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The commissioner may apply to the court for an order appointing him as ancillary receiver of, and directing him to liquidate, the business of a foreign insurer having assets, business, or claims in this state upon the appointment in the domiciliary state of such insurer of a receiver, liquidator, conservator, rehabilitator, or other officer by whatever name called for the purpose of liquidating the business of such insurer.

Alabama § 27-32-10 (Grounds - Ancillary Liquidation of Foreign Insurers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.