{"data":{"id":"us-al/ala.-code-27-2-34","jurisdiction":"us-al","citation":"Ala. Code § 27-2-34","heading":"Order of Supervision - Appointment of Supervisor; Acts Which May Be Prohibited During Period of Supervision.","body":"During the period of supervision the commissioner may appoint a supervisor and may provide that the insurer may not do the following things during the period of supervision without the prior approval of the commissioner or his duly appointed supervisors:\n(1) Dispose of, convey, or encumber any of its assets or its business in force;\n(2) Withdraw any of its bank accounts;\n(3) Lend any of its funds;\n(4) Invest any of its funds;\n(5) Transfer any of its property;\n(6) Incur any debt, obligation, or liability;\n(7) Enter into any new reinsurance contract or treaty;\n(8) Issue to the public policies of insurance.","path":["Title 27 Insurance.","Chapter 2 Department and Commissioner of Insurance.","Article 1 General Provisions."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=27-2-34","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:51Z","sha256":"445c438eed24f05fbaf001559a9b8b98b8c1ea1c6476e22c25c261898e152472","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-27-2-33","next":"us-al/ala.-code-27-2-35"},"notice":"GroundRules: Original legal text. Not legal advice."}