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Alabama · Through Act 2026-611

Ala. Code § 27-31-23: Levy of Assessments on Subscribers of Domestic Insurers - Time Limit.

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Where this section sits in the code
  1. Title 27 Insurance.
  2. Chapter 31 Reciprocal Insurers.

Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for and shall pay his share of, any assessment, as computed and limited in accordance with this chapter, if:

(1) While his policy is in force or within one year after its termination, he is notified by either the attorney or the commissioner of his intentions to levy such assessment; or

(2) An order to show cause why a receiver, conservator, rehabilitator, or liquidator of the insurer should not be appointed is issued while his policy is in force or within one year after its termination.

Collected 2026-09-03T14:01:51Z. Source file · JSON

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