An insurer may so deposit assets or securities in an amount exceeding its deposit required or otherwise permitted under this title by not more than 20 percent of such required or permitted deposit or $100,000.00, whichever is the larger amount, for the purpose of absorbing fluctuations in the value of securities and assets deposited and to facilitate the exchange and substitution of such securities and assets. During the solvency of the insurer, any such excess shall be released to the insurer upon its request. During the insolvency of the insurer, such excess deposit shall be released only as provided in subdivision (b) (3) of Section 27-6-15.
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.