In the event a disagreement arises between the Department of Finance and any person or persons in charge of any insured property as to its replacement cost or actual cash value or the amount payable under the claim for loss or the proper premium rate or rates, the matter in disagreement shall be determined by a third person to be agreed upon by the Director of Finance on the one hand and the person or persons disagreeing with him on the other. In case of inability to agree on such third person, the Governor shall appoint a third person to determine the question, and his decision thereon shall be binding on all parties concerned.
Structure Code of Alabama
Chapter 15 - State Insurance Fund.
Section 41-15-1 - Creation; Purpose.
Section 41-15-3 - Survey and Appraisal of Property.
Section 41-15-5 - Basis Upon Which Premiums Charged Generally; Reinsurance.
Section 41-15-6 - Payment of Premiums Generally.
Section 41-15-11 - Limitations Upon Expenditure of Funds; Employees Subject to Merit System.
Section 41-15-12 - Appropriation for Payment of Excess Fire or Tornado Losses; Reimbursement.
Section 41-15-13 - Appropriation of Funds Received in Payment for Loss to Property by Fire, Etc.