A receiver of an insolvent insurer in liquidation or rehabilitation acting upon order of a circuit court having jurisdiction over said receivership shall not be liable to civil suit for obeying or carrying out the terms of such court order or in giving a preference to policyholders. Any such civil actions filed against a receiver shall be dismissed and barred upon a showing that the receiver was acting pursuant to court order or in conformity with Sections 27-32-37 through 27-32-40.
Ala. Code § 27-32-41
Priority of Claims of Policyholders and Beneficiaries - Liability of Receiver.
Known as the Uniform Insurers Liquidation Act
The act spans §§ 27-32-1 to 27-32-9 (42 sections).
(Acts 1975, No. 1040, p. 2085, §5.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.