Alabama Code (Last Updated: November 28, 2014) |
Title27 INSURANCE. |
Chapter33. TRUSTEED ASSETS OF ALIEN INSURERS. |
§27-33-8. Trust agreement - Withdrawal of approval.
Latest version.
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The commissioner's approval of any trust agreement, or of any amendment thereof, may be withdrawn by the commissioner if he finds upon hearing, after notice thereof to the insurer and the trustee or trustees, that the requisites for such approval, as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.