Code of Alabama
Title 27 - Insurance.
Chapter 32 - Rehabilitation, Reorganization, Conservation, and Liquidation of Insurers.

Section 27-32-1 - Definitions. - For the purposes of this chapter, the following terms shall...

Section 27-32-2 - Purpose of Chapter; Construction Thereof. - The purpose of this chapter is to promote effectiveness, economy,...

Section 27-32-3 - Delinquency Proceedings - Jurisdiction; Venue; Appeal. - (a) The circuit court shall have original jurisdiction of delinquency...

Section 27-32-4 - Delinquency Proceedings - Commencement; Grant or Denial of Application. - The commissioner shall commence any such proceedings by application to...

Section 27-32-5 - Injunctions and Restraining Orders. - (a) Upon application by the commissioner for such an order...

Section 27-32-6 - Grounds - Rehabilitation of Domestic Insurers. - The commissioner may apply to the court for an order...

Section 27-32-7 - Grounds - Liquidation of Domestic or Alien Insurers. - The commissioner may apply to the court for an order...

Section 27-32-8 - Grounds - Conservation of Assets - Foreign Insurers. - The commissioner may apply to the court for an order...

Section 27-32-9 - Grounds - Conservation of Assets - Alien Insurers. - The commissioner may apply to the court for an order...

Section 27-32-10 - Grounds - Ancillary Liquidation of Foreign Insurers. - The commissioner may apply to the court for an order...

Section 27-32-11 - Orders - Rehabilitation of Domestic Insurers. - (a) An order to rehabilitate a domestic insurer shall direct...

Section 27-32-12 - Orders - Liquidation - Domestic Insurers. - (a) An order to liquidate the business of a domestic...

Section 27-32-13 - Orders - Liquidation - Alien Insurers. - An order to liquidate the business of a United States...

Section 27-32-14 - Conservation or Liquidation of Property. - (a) An order to conserve the assets of a foreign...

Section 27-32-15 - Conduct of Delinquency Proceedings - Domestic and Alien Insurers. - (a) Whenever under this chapter a receiver is to be...

Section 27-32-16 - Conduct of Delinquency Proceedings - Foreign Insurers. - (a) Whenever under this chapter an ancillary receiver is to...

Section 27-32-17 - Claims in Delinquency Proceedings - Nonresidents Against Domestic Insurers. - (a) In a delinquency proceeding begun in this state against...

Section 27-32-18 - Claims in Delinquency Proceedings - Residents Against Foreign Insurers. - (a) In a delinquency proceeding in a reciprocal state against...

Section 27-32-19 - Claims in Delinquency Proceedings - Form; Time; Notice and Hearing; Order. - (a) All claims against an insurer against which delinquency proceedings...

Section 27-32-20 - Claims in Delinquency Proceedings - Priorities. - (a) In a delinquency proceeding against an insurer domiciled in...

Section 27-32-21 - Attachment, Garnishment, and Execution. - During the pendency of delinquency proceedings in this or any...

Section 27-32-22 - Uniform Insurers Liquidation Act. - (a) Subdivisions (2) through (13) of Section 27-32-1, together with...

Section 27-32-23 - Deposit of Moneys Collected. - The moneys collected by the commissioner in a proceeding under...

Section 27-32-24 - Exemption of Commissioner From Fees. - The commissioner shall not be required to pay any fee...

Section 27-32-25 - Loans to Facilitate Rehabilitation, etc., of Insurer. - For the purpose of facilitating the rehabilitation, liquidation, conservation, or...

Section 27-32-26 - Fixation of Rights and Liabilities on Liquidation of Insurer. - The rights and liabilities of the insurer and of its...

Section 27-32-27 - Voidable Transfers and Liens. - (a) Any transfer of, or lien upon, the property of...

Section 27-32-27.1 - Authority of Receivers and Federal Home Loan Banks Regarding Collateral Pledged by Insurer Members in Delinquency Proceedings. - (a) For purposes of this chapter, the following terms shall...

Section 27-32-28 - Priority of Compensation Owing Employees of Insurer. - (a) Compensation actually owing to employees other than officers of...

Section 27-32-29 - Setoff of Credits and Debts. - (a) In all cases of mutual debts or mutual credits...

Section 27-32-30 - Claims Upon Liquidation of Insurer - Allowance. - (a) No contingent and unliquidated claim shall share in a...

Section 27-32-31 - Claims Upon Liquidation of Insurer - Time to File. - (a) If, upon the granting of an order of liquidation...

Section 27-32-32 - Assessments - Commissioner's Report. - Within three years from the date an order of rehabilitation...

Section 27-32-33 - Assessments - Levy. - (a) Upon the basis of the report provided for in...

Section 27-32-34 - Assessments - Order to Pay - Generally. - After levy of assessment as provided in Section 27-32-33, upon...

Section 27-32-35 - Assessments - Order to Pay - Publication and Service. - The commissioner shall cause a notice of such assessment order,...

Section 27-32-36 - Assessments - Order to Pay - Judgment. - (a) Upon the return day of the order to show...

Section 27-32-37 - Priority of Claims of Policyholders and Beneficiaries - Established. - Upon the issuance of a proper court order placing a...

Section 27-32-38 - Priority of Claims of Policyholders and Beneficiaries - Payment of Claims. - Upon proper filing of claims pursuant to this title and...

Section 27-32-39 - Priority of Claims of Policyholders and Beneficiaries - Reinsuring of Policies. - (a) When, upon hearing, the circuit court having jurisdiction of...

Section 27-32-40 - Priority of Claims of Policyholders and Beneficiaries - Classification of Policyholders and Beneficiaries. - The circuit court having jurisdiction over a receivership for liquidation...

Section 27-32-41 - Priority of Claims of Policyholders and Beneficiaries - Liability of Receiver. - A receiver of an insolvent insurer in liquidation or rehabilitation...