Ala. Code § 27-6-12: Rights of Solvent Insurers.
Where this section sits in the code
- Title 27 Insurance.
- Chapter 6 Administration of Deposits.
So long as the insurer remains solvent and is in compliance with this title, it may:
(1) Demand, receive, maintain actions for, and recover the income from the securities or assets deposited;
(2) Exchange and substitute for the deposited securities or assets, or any part thereof, other eligible securities and assets of equivalent or greater value; and
(3) At any reasonable time, inspect any such deposit.
Collected 2026-09-03T14:01:51Z. Source file · JSON