Alabama § 27-36-6 Increase of Inadequate Loss Reserves

Alabama Statutes

§ 27-36-6 — Increase of Inadequate Loss Reserves

Alabama·Title 27 Insurance·Ch. 36 Liabilities

If loss experience shows that an insurer’s loss reserves, however computed or estimated, are inadequate, the commissioner shall require the insurer to maintain loss reserves in such increased amount as is needed to make them adequate.

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Legislative History

(Acts 1971, No. 407, p. 707, §742.)

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