Code of Alabama
Chapter 44 - Life and Disability Insurance Guaranty Association.
Section 27-44-15 - Examination and Regulation of Association; Annual Report.

The association shall be subject to examination and regulation by the commissioner. The board of directors shall submit to the commissioner, not later than May 1 of each year, a financial report for the preceding calendar year in a form approved by the commissioner and a report of its activities during the preceding calendar year.

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Structure Code of Alabama

Code of Alabama

Title 27 - Insurance.

Chapter 44 - Life and Disability Insurance Guaranty Association.

Section 27-44-1 - Short Title.

Section 27-44-2 - Purpose of Chapter.

Section 27-44-3 - Scope of Chapter.

Section 27-44-4 - Construction of Chapter.

Section 27-44-5 - Definitions.

Section 27-44-6 - Creation of Association; Membership; Accounts; Supervision.

Section 27-44-7 - Board of Directors; Selection of Members; Vacancies; Organizational Meeting; Reimbursement for Expenses.

Section 27-44-8 - Powers and Duties of Association.

Section 27-44-9 - Assessments.

Section 27-44-10 - Submission of Plan of Operation and Amendments; Promulgation of Rules in Absence of Plan.

Section 27-44-11 - Duties and Powers of Commissioner; Appeal and Review; Notification.

Section 27-44-12 - Duties of Commissioner and Board With Regard to Detection and Prevention of Insolvencies or Impairment.

Section 27-44-13 - Credits for Assessments Paid.

Section 27-44-14 - Liability of Unpaid Assessments; Records of Negotiations and Meetings; Association Deemed Creditor of Impaired or Insolvent Insurer; Judicial Distribution of Ownership Rights of Insolvent Insurer; Recovery by Receiver of Certain Di...

Section 27-44-15 - Examination and Regulation of Association; Annual Report.

Section 27-44-16 - Tax Exemptions.

Section 27-44-17 - Immunity Under Chapter.

Section 27-44-18 - Stay of Proceedings; Reopening Default Judgments.

Section 27-44-20 - Association, Policyholders, Beneficiaries, and Insureds to Have Preferred Creditor Status.

Section 27-44-21 - Immediate Access of Associations in This and Other States to Assets of Insolvent Insurer; Application to Court; Contents of Proposal; Notice.