Ala. Code § 27-2-55: Assumption by Receiver of Certain Former Powers, Duties, Etc., of Commissioner.
Where this section sits in the code
- Title 27 Insurance.
- Chapter 2 Department and Commissioner of Insurance.
- Article 2 Receivership Division.
All duties, rights, power, authority, and responsibility placed upon the Commissioner of Insurance by Sections 27-32-15 through 27-32-36, or by future law, as receiver of an insurer shall be vested in and assumed by the receiver appointed pursuant to this article, however, nothing herein shall divest the commissioner of the authority to examine insurers for solvency and to institute delinquency proceedings pursuant to law.
Collected 2026-09-03T14:01:51Z. Source file · JSON