Alabama § 27-6-12 Rights of Solvent Insurers

Alabama Statutes

§ 27-6-12 — Rights of Solvent Insurers

Alabama § 27-6-12

Title 27Insurance

Ch. 6Administration of Deposits

This text of Alabama § 27-6-12 (Rights of Solvent Insurers) 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 § 27-6-12 (2026).

Text

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.