There is hereby established within the Department of Insurance a Receivership Division to be managed and headed by a chief of said division. The chief of said Receivership Division shall be appointed by the Commissioner of Insurance and shall serve at his pleasure. The compensation of said chief shall be fixed by the commissioner; except, that said compensation shall not exceed that of the highest paid division chief in the Insurance Department under the Merit System.
Structure Code of Alabama
Chapter 2 - Department and Commissioner of Insurance.
Article 2 - Receivership Division.
Section 27-2-50 - Established; Appointment, Term of Office, and Compensation of Chief.
Section 27-2-51 - Bond of Chief.
Section 27-2-52 - Offices, Equipment, and Personnel; Operating Expenses.
Section 27-2-53 - Appointment of Chief as Receiver - Generally.
Section 27-2-54 - Appointment of Chief as Receiver - Existing Receiverships.
Section 27-2-55 - Assumption by Receiver of Certain Former Powers, Duties, etc., of Commissioner.