Alabama Code (Last Updated: November 28, 2014)

§27-6-12. Rights of solvent insurers.

Latest version.

So long as the insurer remains solvent and is in compliance with this title, it may:

(1) Demand, receive, maintain actions for, and recover the income from the securities or assets deposited;

(2) Exchange and substitute for the deposited securities or assets, or any part thereof, other eligible securities and assets of equivalent or greater value; and

(3) At any reasonable time, inspect any such deposit.

(Code 1940, T. 28, §73; Acts 1971, No. 407, p. 707, §108.)

                    
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