Alabama § 27-32-41 Priority of Claims of Policyholders and Beneficiaries - Liability of Receiver

Alabama Statutes

§ 27-32-41 — Priority of Claims of Policyholders and Beneficiaries - Liability of Receiver

Alabama § 27-32-41

Title 27Insurance

Ch. 32Rehabilitation, Reorganization, Conservation, and Liquidation of Insurers

This text of Alabama § 27-32-41 (Priority of Claims of Policyholders and Beneficiaries - Liability of Receiver) 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 § 27-32-41 (2026).

Text

A receiver of an insolvent insurer in liquidation or rehabilitation acting upon order of a circuit court having jurisdiction over said receivership shall not be liable to civil suit for obeying or carrying out the terms of such court order or in giving a preference to policyholders. Any such civil actions filed against a receiver shall be dismissed and barred upon a showing that the receiver was acting pursuant to court order or in conformity with Sections 27-32-37 through 27-32-40.

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A receiver of an insolvent insurer in liquidation or rehabilitation acting upon order of a circuit court having jurisdiction over said receivership shall not be liable to civil suit for obeying or carrying out the terms of such court order or in giving a preference to policyholders. Any such civil actions filed against a receiver shall be dismissed and barred upon a showing that the receiver was acting pursuant to court order or in conformity with Sections 27-32-37 through 27-32-40.