Code of Alabama
Chapter 3 - Authorization of Insurers.
Section 27-3-31 - Domestic Insurer May Transfer Domicile to Another State and Be Admitted as Foreign Insurer if So Qualified; Approval of Commissioner of Insurance; Effect of Interests of Policyholders.

Any domestic insurer may, upon the approval of the Commissioner of Insurance, transfer its domicile to any other state in which it is admitted to transact the business of insurance, and upon such a transfer shall cease to be a domestic insurer, and shall be admitted to this state if qualified as a foreign insurer. The Commissioner of Insurance shall approve any such proposed transfer unless he shall determine such transfer is not in the interest of the policyholders of this state.

Structure Code of Alabama

Code of Alabama

Title 27 - Insurance.

Chapter 3 - Authorization of Insurers.

Section 27-3-1 - Certificate of Authority - Requirement.

Section 27-3-2 - Certificate of Authority - Exceptions - Generally.

Section 27-3-3 - Certificate of Authority - Exceptions - Investment in Real Estate or Securities Secured Thereby.

Section 27-3-4 - Authority to Transact Insurance - Eligibility.

Section 27-3-5 - Authority to Transact Insurance - Use of Name by Insurer.

Section 27-3-6 - Authority to Transact Insurance - Kind or Combinations of Kinds - Restrictions.

Section 27-3-6.1 - Authority to Transact Insurance - Kind or Combinations of Kinds - Closing or Settlement Protection.

Section 27-3-7 - Authority to Transact Insurance - Kind or Combinations of Kinds - Minimum Paid-in Capital Stock and Surplus.

Section 27-3-8 - Authority to Transact Insurance - Kind or Combinations of Kinds - Special Surplus.

Section 27-3-9 - Minimum Capital and Surplus for New Domestic Stock Life Insurance Company.

Section 27-3-10 - Application of Capital Surplus to Reduction or Elimination of Deficit by Domestic Stock Insurers.

Section 27-3-11 - Deposit Requirements - Generally.

Section 27-3-12 - Deposit Requirements - Special Deposit - Surety Insurers.

Section 27-3-13 - Deposit Requirements - Special Deposit - Title Insurers.

Section 27-3-14 - Deposit Requirements - Alien Insurers - Generally.

Section 27-3-15 - Deposit Requirements - Alien Insurers - Trusteed Assets.

Section 27-3-16 - Lloyd's Insurers.

Section 27-3-17 - Application for Certificate of Authority - Filing.

Section 27-3-18 - Application for Certificate of Authority - Issuance or Refusal; Ownership of Certificate.

Section 27-3-19 - Continuance, Expiration, Reinstatement and Amendment of Certificates.

Section 27-3-20 - Suspension or Revocation of Certificates - Mandatory Grounds; Notice and Hearing.

Section 27-3-21 - Suspension or Revocation of Certificates - Additional Grounds; Notice and Hearing.

Section 27-3-22 - Suspension or Revocation of Certificates - Order and Notices.

Section 27-3-23 - Suspension or Revocation of Certificates - Duration of Suspension; Obligations of Insurer During Suspension; Reinstatement.

Section 27-3-24 - Service of Process on Insurers - Appointment of Commissioner as Agent.

Section 27-3-25 - Service of Process on Insurers - How Served; Time to Answer or Plead.

Section 27-3-26 - Annual Statement of Insurers; Furnishing of Other Information on Request.

Section 27-3-26.1 - Annual Submission of Statement of Actuarial Opinion; Application for Exemption.

Section 27-3-27 - Insurers to Do Business Through Licensed Agents, etc.; Exceptions.

Section 27-3-28 - Execution of Contracts Through Countersigning Resident Agent; Exceptions.

Section 27-3-29 - Protection of State Insurers Against Foreign Discriminatory or Onerous Requirements.

Section 27-3-30 - Foreign Insurer May Become Domestic Insurer; Method; Certificate and License Eligibility; Authority and Jurisdiction of State; Continuation of Corporate Existence and Date of Incorporation.

Section 27-3-31 - Domestic Insurer May Transfer Domicile to Another State and Be Admitted as Foreign Insurer if So Qualified; Approval of Commissioner of Insurance; Effect of Interests of Policyholders.

Section 27-3-32 - Domestic Insurer May Transfer Domicile to Another State and Be Admitted as Foreign Insurer if So Qualified; Approval of Commissioner of Insurance; Effect of Interests of Policyholders; Effect Upon Certificates of Authority, Agents,...

Section 27-3-33 - Rules and Regulations.