(a) The trustee of trusteed assets shall from time to time file with the commissioner statements, in such form as he may designate and request in writing, certifying the character of such assets and the amounts thereof.
(b) If the trustee fails to file any such statement after request therefor and expiration of a reasonable time thereafter, the commissioner may suspend or revoke the certificate of authority of the insurer.
Structure Code of Alabama
Chapter 33 - Trusteed Assets of Alien Insurers.
Section 27-33-1 - Applicability of Chapter.
Section 27-33-2 - Deposit of Assets in Trust.
Section 27-33-3 - Existing Trusts.
Section 27-33-4 - Purpose and Duration of Trust.
Section 27-33-5 - Trust Agreement - Requirement; Approval by Commissioner.
Section 27-33-6 - Trust Agreement - Authority to Make and Execute.
Section 27-33-7 - Trust Agreement - Amendment.
Section 27-33-8 - Trust Agreement - Withdrawal of Approval.
Section 27-33-9 - Trusteed Assets - Title.
Section 27-33-10 - Trusteed Assets - Separation; Record.
Section 27-33-11 - Trusteed Assets - Trustee Statements.
Section 27-33-12 - Trusteed Assets - Examination.
Section 27-33-13 - Trusteed Assets - Withdrawal.
Section 27-33-14 - Trustees - Substitution.