Code of Alabama
Title 27 - Insurance.
Chapter 31 - Reciprocal Insurers.

Section 27-31-1 - Definitions. - For the purposes of this chapter, the following terms shall...

Section 27-31-2 - Applicability of Chapter. - (a) All authorized reciprocal insurers shall be governed by those...

Section 27-31-3 - Powers Generally. - (a) A reciprocal insurer may, upon qualifying therefor as provided...

Section 27-31-4 - Business Name; Actions. - A reciprocal insurer shall: (1) Have and use a business...

Section 27-31-5 - Attorneys. - (a) "Attorney," as used in this chapter, refers to the...

Section 27-31-6 - Surplus Funds of Domestic Insurer. - (a) A domestic reciprocal insurer formed under this chapter, if...

Section 27-31-7 - Certificate of Authority - Application by Domestic Insurer; Contents of Declaration. - (a) Twenty-five or more persons domiciled in this state may...

Section 27-31-8 - Certificate of Authority - Issuance; Refusal, Suspension, or Revocation. - (a) The certificate of authority of a reciprocal insurer shall...

Section 27-31-9 - Power of Attorney. - (a) The rights and powers of the attorney of a...

Section 27-31-10 - Modifications of Subscribers' Agreement or Power of Attorney of Domestic Insurer. - Modifications of the terms of the subscribers' agreement or of...

Section 27-31-11 - Bond of Attorney of Domestic Insurer - Requirements. - (a) Concurrently with the filing of the declaration provided for...

Section 27-31-12 - Bond of Attorney of Domestic Insurer - Deposit in Lieu Thereof. - In lieu of the bond required under Section 27-31-11, the...

Section 27-31-13 - Action on Bond or Deposit in Lieu Thereof. - Action on the attorney's bond or to recover against any...

Section 27-31-14 - Service of Process on Domestic Insurer; Judgment Thereon. - (a) Legal process shall be served upon a domestic reciprocal...

Section 27-31-15 - Advancement of Funds to Domestic Insurers. - The attorney or other parties may advance to a domestic...

Section 27-31-16 - Annual Statement; Supplemental Information. - (a) The annual statement of a reciprocal insurer shall be...

Section 27-31-17 - Determination of Financial Condition. - In determining the financial condition of a reciprocal insurer, the...

Section 27-31-18 - Subscribers; Exchange of Insurance Contracts; Liability of Representatives. - Individuals, partnerships, and corporations of this state may make application,...

Section 27-31-19 - Subscribers' Advisory Committee of Domestic Insurer. - (a) The advisory committee of a domestic reciprocal insurer exercising...

Section 27-31-20 - Liability of Subscribers - Generally. - (a) The liability of each subscriber, other than as to...

Section 27-31-21 - Liability of Subscribers - Judgment. - (a) No action shall lie against any subscriber upon any...

Section 27-31-22 - Levy of Assessments on Subscribers of Domestic Insurers - Generally. - (a) Assessments may from time to time be levied upon...

Section 27-31-23 - Levy of Assessments on Subscribers of Domestic Insurers - Time Limit. - Every subscriber of a domestic reciprocal insurer having contingent liability...

Section 27-31-24 - Levy of Assessments on Subscribers of Domestic Insurers - Aggregate Liability. - No one policy or subscriber as to such policy shall...

Section 27-31-25 - Nonassessable Policies. - (a) If a reciprocal insurer has a surplus of assets...

Section 27-31-26 - Distribution of Unused Premiums, Etc. - A reciprocal insurer may from time to time return to...

Section 27-31-27 - Distribution of Assets Upon Liquidation of Domestic Insurer. - Upon the liquidation of a domestic reciprocal insurer, its assets...

Section 27-31-28 - Merger or Conversion of Domestic Insurer. - (a) A domestic reciprocal insurer, upon affirmative vote of not...

Section 27-31-29 - Proceedings When Assets of Insurer Insufficient. - (a) If the assets of a reciprocal insurer are at...