Alabama Statutes
§ 27-33-4 — Purpose and Duration of Trust
The deposit required by Section 27-33-2 shall be for the benefit, security, and protection of the policyholders or policyholders and creditors of the insurer in the United States. It shall be maintained as long as there is outstanding any liability of the insurer arising out of its insurance transactions in the United States.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 27-33-4 (Purpose and Duration of Trust) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1971, No. 407, p. 707, §659.)