The commissioner's approval of any trust agreement, or of any amendment thereof, may be withdrawn by the commissioner if he finds upon hearing, after notice thereof to the insurer and the trustee or trustees, that the requisites for such approval, as provided in this chapter, no longer exist.
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.