Alabama § 27-4A-4 Penalties

Alabama Statutes

§ 27-4A-4 — Penalties

Alabama § 27-4A-4

Title 27Insurance

Ch. 4AInsurance Premium Tax

This text of Alabama § 27-4A-4 (Penalties) 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 § 27-4A-4 (2026).

Text

Every insurer failing to comply with the requirements of this chapter shall be subject to a penalty of not less than $1,000 nor exceeding $10,000, recoverable in an action brought by the Attorney General for the commissioner. Upon any violation, the commissioner may suspend or revoke the insurer’s certificate of authority. Penalties recovered under this section shall be paid to the State Treasury to the credit of the State General Fund.

Free access — add to your briefcase to read the full text and ask questions with AI

Every insurer failing to comply with the requirements of this chapter shall be subject to a penalty of not less than $1,000 nor exceeding $10,000, recoverable in an action brought by the Attorney General for the commissioner. Upon any violation, the commissioner may suspend or revoke the insurer’s certificate of authority. Penalties recovered under this section shall be paid to the State Treasury to the credit of the State General Fund.