(a) No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for 30 days.
(b) Any such judgment shall be binding upon each subscriber only in such proportion as his interests may appear and in amount not exceeding his contingent liability, if any.
Structure Code of Alabama
Chapter 31 - Reciprocal Insurers.
Section 27-31-1 - Definitions.
Section 27-31-2 - Applicability of Chapter.
Section 27-31-3 - Powers Generally.
Section 27-31-4 - Business Name; Actions.
Section 27-31-6 - Surplus Funds of Domestic Insurer.
Section 27-31-8 - Certificate of Authority - Issuance; Refusal, Suspension, or Revocation.
Section 27-31-9 - Power of Attorney.
Section 27-31-10 - Modifications of Subscribers' Agreement or Power of Attorney of Domestic Insurer.
Section 27-31-11 - Bond of Attorney of Domestic Insurer - Requirements.
Section 27-31-12 - Bond of Attorney of Domestic Insurer - Deposit in Lieu Thereof.
Section 27-31-13 - Action on Bond or Deposit in Lieu Thereof.
Section 27-31-14 - Service of Process on Domestic Insurer; Judgment Thereon.
Section 27-31-15 - Advancement of Funds to Domestic Insurers.
Section 27-31-16 - Annual Statement; Supplemental Information.
Section 27-31-17 - Determination of Financial Condition.
Section 27-31-18 - Subscribers; Exchange of Insurance Contracts; Liability of Representatives.
Section 27-31-19 - Subscribers' Advisory Committee of Domestic Insurer.
Section 27-31-20 - Liability of Subscribers - Generally.
Section 27-31-21 - Liability of Subscribers - Judgment.
Section 27-31-22 - Levy of Assessments on Subscribers of Domestic Insurers - Generally.
Section 27-31-23 - Levy of Assessments on Subscribers of Domestic Insurers - Time Limit.
Section 27-31-24 - Levy of Assessments on Subscribers of Domestic Insurers - Aggregate Liability.
Section 27-31-25 - Nonassessable Policies.
Section 27-31-26 - Distribution of Unused Premiums, Etc.
Section 27-31-27 - Distribution of Assets Upon Liquidation of Domestic Insurer.
Section 27-31-28 - Merger or Conversion of Domestic Insurer.
Section 27-31-29 - Proceedings When Assets of Insurer Insufficient.