The deposit required by Section 27-33-2 shall be for the benefit, security, and protection of the policyholders or policyholders and creditors of the insurer in the United States. It shall be maintained as long as there is outstanding any liability of the insurer arising out of its insurance transactions in the United States.
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.