If less than all of the securities or assets covered by any such power of attorney is returned to the insurer or its trustee or agent, the commissioner may require the insurer to deliver to him, as a condition precedent to the return of such power of attorney, a new power of attorney covering the securities and assets not then being withdrawn. The new power of attorney shall be held and exercised under the same restrictions and upon the same conditions as prescribed in this chapter for the original power of attorney.
Structure Code of Alabama
Chapter 6 - Administration of Deposits.
Section 27-6-1 - Deposits of Insurers - Authorized Deposits.
Section 27-6-2 - Deposits of Insurers - Purposes for Which Held.
Section 27-6-3 - Deposits of Insurers - Composition.
Section 27-6-4 - Deposits of Insurers - State Treasurer as Custodian.
Section 27-6-5 - Deposits of Insurers - Record of Securities and Assets.
Section 27-6-6 - Securities and Assets - Assignment and Reassignment, etc.; Appraisal or Valuation.
Section 27-6-7 - Securities and Assets - Power of Attorney to Sell, Etc.
Section 27-6-8 - Securities and Assets - Authority to Sell; Exception.
Section 27-6-9 - Power of Attorney - Safekeeping; Return.
Section 27-6-10 - Power of Attorney - New Power of Attorney.
Section 27-6-11 - Excess Deposits.
Section 27-6-12 - Rights of Solvent Insurers.
Section 27-6-13 - Sale of Surety Insurers' Special Deposit to Pay Outstanding Judgment.
Section 27-6-14 - Curing of Deficiency in Market Value of Deposit.
Section 27-6-15 - Release of Deposit - Generally.
Section 27-6-16 - Release of Deposit - Filing of Statement; Authorization of Release.