The commissioner’s approval of any trust agreement, or of any amendment thereof, may be withdrawn by the commissioner if he finds upon hearing, after notice thereof to the insurer and the trustee or trustees, that the requisites for such approval, as provided in this chapter, no longer exist.
Ala. Code § 27-33-8
Trust Agreement - Withdrawal of Approval.
(Acts 1971, No. 407, p. 707, §663.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.