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

Alabama Statutes

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

Alabama·Title 27 Insurance·Ch. 6 Administration of Deposits

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.

Alabama § 27-6-1 (Deposits of Insurers - Authorized Deposits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.