Alabama § 27-6-1 Deposits of Insurers - Authorized Deposits

Alabama Statutes

§ 27-6-1 — Deposits of Insurers - Authorized Deposits

Alabama § 27-6-1

Title 27Insurance

Ch. 6Administration of Deposits

This text of Alabama § 27-6-1 (Deposits of Insurers - Authorized Deposits) 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 § 27-6-1 (2026).

Text

The following deposits of insurers, when made through the commissioner, shall be accepted and held and shall be subject to the provisions of this chapter:

(1)Deposits required under this title for authority to transact insurance in this state;

(2)Deposits of domestic insurers when made pursuant to the laws of other states, provinces, and countries as requirement for authority to transact insurance in such state, province, or country;

(3)Deposits of reserves made by domestic life insurers under laws heretofore in force; and

(4)Deposits in such additional amounts as are permitted to be made under Section 27-6-11.

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The following deposits of insurers, when made through the commissioner, shall be accepted and held and shall be subject to the provisions of this chapter:
(1) Deposits required under this title for authority to transact insurance in this state;
(2) Deposits of domestic insurers when made pursuant to the laws of other states, provinces, and countries as requirement for authority to transact insurance in such state, province, or country;
(3) Deposits of reserves made by domestic life insurers under laws heretofore in force; and
(4) Deposits in such additional amounts as are permitted to be made under Section 27-6-11.