Examination Authority.
Known as the Alabama Reinsurance Intermediary Act
The act spans §§ 27-5A-1 to 27-5A-9 (13 sections).
(Acts 1993, No. 93-673, p. 1215, §10.)
(a) A reinsurance intermediary shall be subject to examination by the commissioner. The commissioner shall have access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the commissioner.
(b) A reinsurance intermediary-manager may be examined as if it were the reinsurer.
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.