Alabama § 27-42-8.1 Maximum Assessment

Alabama Statutes

§ 27-42-8.1 — Maximum Assessment

Alabama § 27-42-8.1

Title 27Insurance

Ch. 42Insurance Guaranty Association

This text of Alabama § 27-42-8.1 (Maximum Assessment) 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 § 27-42-8.1 (2026).

Text

(a)Notwithstanding the one percent maximum assessment set forth in subdivision (3) of subsection (a) of Section 27-42-8, no member insurer may be assessed in any one year for the workers’ compensation account an amount greater than two percent of that member insurer’s net direct written premiums for workers’ compensation insurance for the calendar year preceding the assessment.

(b)The provisions of this section shall apply to the Alabama Insurance Guaranty Association’s obligations under policies of insolvent insurers as they exist on and after May 19, 2008.

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(a) Notwithstanding the one percent maximum assessment set forth in subdivision (3) of subsection (a) of Section 27-42-8, no member insurer may be assessed in any one year for the workers’ compensation account an amount greater than two percent of that member insurer’s net direct written premiums for workers’ compensation insurance for the calendar year preceding the assessment.
(b) The provisions of this section shall apply to the Alabama Insurance Guaranty Association’s obligations under policies of insolvent insurers as they exist on and after May 19, 2008.