Alabama Code (Last Updated: November 28, 2014)

§27-31-24. Levy of assessments on subscribers of domestic insurers - Aggregate liability.

Latest version.

No one policy or subscriber as to such policy shall be assessed or charged with an aggregate of contingent liability as to obligations incurred by a domestic reciprocal insurer in any one calendar year in excess of the amount provided for in the power of attorney or in the subscribers' agreement, computed solely upon premium earned on such policy during that year.

(Acts 1971, No. 407, p. 707, §614.)

                    
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