The power of attorney provided for in Section 27-6-7 shall be kept by the commissioner in a place of safekeeping and may be physically attached to the securities or assets described therein. Whenever such securities or assets, or any portion thereof, are returned to the insurer which deposited them, the power of attorney shall be returned to the insurer or to the trustee or other representative authorized for that purpose.
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.