Code of Alabama
Title 27 - Insurance.
Chapter 5B - Reinsurance.

Section 27-5B-1 - Purpose. - The purpose of this chapter is to protect the interest...

Section 27-5B-2 - Reinsurance Permitted. - (a) An insurer authorized under this title may accept reinsurance...

Section 27-5B-3 - Credit Allowed a Domestic Ceding Insurer. - (a) Credit for reinsurance shall be allowed a domestic ceding...

Section 27-5B-4 - Licensed Reinsurer. - Credit shall be allowed when the reinsurance is ceded to...

Section 27-5B-5 - Accredited Reinsurer. - Credit shall be allowed when the reinsurance is ceded to...

Section 27-5B-6 - Reinsurer Domiciled in State With Substantially Similar Law. - (a) Credit shall be allowed when the reinsurance is ceded...

Section 27-5B-7 - Reinsurer Maintaining a Trust Fund. - (a) Credit shall be allowed when the reinsurance is ceded...

Section 27-5B-8 - Certified Reinsurer. - (a) Credit shall be allowed when the reinsurance is ceded...

Section 27-5B-8.1 - Reinsurer Domiciled in a Reciprocal Jurisdiction. - (a) Credit shall be allowed when the reinsurance is ceded...

Section 27-5B-9 - Credit for Reinsurance Required by Law. - Credit shall be allowed when the reinsurance is ceded to...

Section 27-5B-10 - Reinsurer Not Licensed, Accredited or Certified - Additional Reinsurance Agreement Requirements. - (a) If the assuming insurer is not licensed, accredited or...

Section 27-5B-11 - Reinsurer Not Licensed, Accredited, or Certified - Additional Trust Agreement Requirements. - If the assuming insurer does not meet the requirements of...

Section 27-5B-12 - Accredited or Certified Reinsurer Ceasing to Meet Requirements. - (a) If an accredited or certified reinsurer ceases to meet...

Section 27-5B-13 - Concentration Risk. - (a) A ceding insurer shall take steps to manage its...

Section 27-5B-14 - Asset or Reduction From Liability for Reinsurance Ceded by a Domestic Insurer to an Assuming Insurer Not Meeting the Requirements of Sections 27-5b-3 Through 27-5b-13. - (a) An asset or a reduction from liability for the...

Section 27-5B-15 - Qualified u.s. Financial Institutions. - (a) For purposes of subdivision (3) of Section 27-5B-14, a...

Section 27-5B-16 - Insolvency Clause. - Except as provided in Section 27-5B-17, no credit shall be...

Section 27-5B-17 - Guaranty Association Election. - Notwithstanding Section 27-5B-16, in the event that a life and...

Section 27-5B-18 - Notice by Domiciliary Liquidator. - The reinsurance agreement may provide that the domiciliary liquidator of...

Section 27-5B-19 - Rulemaking Authority. - (a) The commissioner may adopt rules implementing this chapter. (b)...

Section 27-5B-20 - Reinsurance Agreements Affected. - The amendments of this chapter and the additions to this...