GroundRules
Ala. Code § 27-32-8: Grounds - Conservation of Assets - Foreign Insurers.
Where this section sits in the code
- Title 27 Insurance.
- Chapter 32 Rehabilitation, Reorganization, Conservation, and Liquidation of Insurers.
The commissioner may apply to the court for an order appointing him as receiver, or ancillary receiver, and directing him to conserve the assets within this state of a foreign insurer upon any of the following grounds:
(1) Upon any of the grounds specified in Sections 27-32-6 or 27-32-7; or
(2) Upon the ground that its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.
Collected 2026-09-03T14:01:51Z. Source file · JSON