All duties, rights, power, authority and responsibility placed upon the Commissioner of Insurance by Sections 27-32-15 through 27-32-36, or by future law, as receiver of an insurer shall be vested in and assumed by the receiver appointed pursuant to this article, however, nothing herein shall divest the commissioner of the authority to examine insurers for solvency and to institute delinquency proceedings pursuant to law.
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.