The commissioner may apply to the court for an order appointing him as ancillary receiver of, and directing him to liquidate, the business of a foreign insurer having assets, business, or claims in this state upon the appointment in the domiciliary state of such insurer of a receiver, liquidator, conservator, rehabilitator, or other officer by whatever name called for the purpose of liquidating the business of such insurer.
Ala. Code § 27-32-10
Grounds - Ancillary Liquidation of Foreign Insurers.
Known as the Uniform Insurers Liquidation Act
The act spans §§ 27–27 (42 sections).
(Acts 1971, No. 407, p. 707, §629.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.