Upon the Commissioner of Insurance bringing delinquency proceedings against any insurer pursuant to this title, or other insurance laws of the state, the proper circuit court having jurisdiction thereof shall appoint the Chief of the Receivership Division as receiver of such impaired or insolvent insurer, or ancillary receiver if a foreign insurer is found to be impaired or insolvent.
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.