Alabama § 27-6-12 Rights of Solvent Insurers

Alabama Statutes

§ 27-6-12 — Rights of Solvent Insurers

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

So long as the insurer remains solvent and is in compliance with this title, it may:

(1)Demand, receive, maintain actions for, and recover the income from the securities or assets deposited;

(2)Exchange and substitute for the deposited securities or assets, or any part thereof, other eligible securities and assets of equivalent or greater value; and

(3)At any reasonable time, inspect any such deposit.

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So long as the insurer remains solvent and is in compliance with this title, it may:
(1) Demand, receive, maintain actions for, and recover the income from the securities or assets deposited;
(2) Exchange and substitute for the deposited securities or assets, or any part thereof, other eligible securities and assets of equivalent or greater value; and
(3) At any reasonable time, inspect any such deposit.

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