Alabama Statutes
§ 27-41-40 — Effect of Failure to Dispose of Real Estate, Personal Property, Securities, Etc., Within Prescribed Period of Time
Alabama·Title 27 Insurance·Ch. 41 Investments of Domestic Insurers and Health Maintenance Organizations
Any real estate, personal property, securities, or other investment lawfully acquired and held by an insurer shall not be allowed as an admitted asset of the insurer after expiration of the period for disposal thereof or any extension of such period granted by the commissioner pursuant to the provisions of Section 27-41-34.
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Alabama § 27-41-40 (Effect of Failure to Dispose of Real Estate, Personal Property, Securities, Etc., Within Prescribed Period of Time) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1977, No. 408, p. 530, §36.)