(a) Any dissolution or liquidation of a certificate holder shall be deemed to be the liquidation of an insurance company and shall be conducted under the supervision of the commissioner, who shall have all powers with respect thereto granted to the commissioner under Chapter 32 with respect to the liquidation of insurance companies.
(b) The commissioner may apply for an order directing the commissioner to liquidate a certificate holder upon any one or more grounds set out in Section 27-32-6 or when, in the commissioner's opinion, the continued operation of the certificate holder would be hazardous either to purchasers, beneficiaries, or to the people of this state.
Structure Code of Alabama
Chapter 17A - Preneed Funeral and Cemetery Act.
Article 2 - Certificate of Authority.
Section 27-17A-10 - Certificate Required.
Section 27-17A-11 - Application for Certificate; Statements; Issuance; Expiration; Transfer.
Section 27-17A-11.1 - Report of Preneed Contract Activity; Written Logs.
Section 27-17A-12 - Preneed Contract Forms; Disclosure; Approval.
Section 27-17A-13 - Monies to Be Placed in Trust; Compliance by Pre-Existing Preneed Contracts.
Section 27-17A-14 - Surety Bond.
Section 27-17A-15 - Examination by Commissioner.
Section 27-17A-16 - Inactive Certificate Holder; Surrender of License.
Section 27-17A-17 - Dissolution or Liquidation of Certificate Holder.
Section 27-17A-18 - Preneed Sales Agent.
Section 27-17A-19 - Prohibited Activities.
Section 27-17A-20 - Hearing; Procedures; Penalties.
Section 27-17A-21 - Fine in Lieu of Suspension or Revocation of Certificate.
Section 27-17A-22 - Violations and Penalties.
Section 27-17A-23 - Civil Actions; Liability.