The purpose of this chapter is to promote effectiveness, economy, and uniformity in the rehabilitation, reorganization, conservation, and liquidation of insurers doing business in this state. It is intended that this chapter shall be liberally construed to the end so far as possible that the assets of such insurers shall be effectively conserved and that, in the case of insurers transacting business in more than one state, claimants against the insurer shall receive equal and uniform treatment irrespective of residence or the place of the acts or contracts upon which their claims are based.
Ala. Code § 27-32-2
Purpose of Chapter; Construction Thereof.
Known as the Uniform Insurers Liquidation Act
The act spans §§ 27–27 (42 sections).
Applied in 1 court decision — leading case Pennsylvania National Mutual Casualty Insurance v. Snider (2014)
Most recently applied in Pennsylvania National Mutual Casualty Insurance v. Snider (February 2014)
(Acts 1971, No. 407, p. 707, §620.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.