{"data":{"id":"us-al/ala.-code-27-29-11","jurisdiction":"us-al","citation":"Ala. Code § 27-29-11","heading":"Delinquency Proceedings and Rehabilitation.","body":"Whenever it appears to the commissioner that any person has committed a violation of this chapter which so impairs the financial condition of a domestic insurer as to threaten imminent insolvency or impairment as defined in subdivision (1) of Section 27-32-1 or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, then the commissioner may proceed as provided in Sections 27-32-3 through 27-32-7 to take possession of the property of such domestic insurer and to conduct the business thereof.","path":["Title 27 Insurance.","Chapter 29 Insurance Holding Company Systems."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=27-29-11","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:51Z","sha256":"477525d0a41df33535a5d5902c5bb580ecf330b3cad68dad2f2685420c47bc48","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-27-29-10","next":"us-al/ala.-code-27-29-11.1"},"notice":"GroundRules: Original legal text. Not legal advice."}