Section 27-32-10 Grounds - Ancillary liquidation of foreign insurers. - Alabama Statutes

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Section 27-32-10

Grounds - Ancillary liquidation of foreign insurers.

The commissioner may apply to the court for an order appointing him as ancillary receiver of, and directing him to liquidate, the business of a foreign insurer having assets, business or claims in this state upon the appointment in the domiciliary state of such insurer of a receiver, liquidator, conservator, rehabilitator, or other officer by whatever name called for the purpose of liquidating the business of such insurer.

(Acts 1971, No. 407, p. 707, §629.)

State Codes and Statutes

Statutes > Alabama > Title27 > Chapter32 > 27-32-10

Section 27-32-10

Grounds - Ancillary liquidation of foreign insurers.

The commissioner may apply to the court for an order appointing him as ancillary receiver of, and directing him to liquidate, the business of a foreign insurer having assets, business or claims in this state upon the appointment in the domiciliary state of such insurer of a receiver, liquidator, conservator, rehabilitator, or other officer by whatever name called for the purpose of liquidating the business of such insurer.

(Acts 1971, No. 407, p. 707, §629.)

State Codes and Statutes

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State Codes and Statutes

Statutes > Alabama > Title27 > Chapter32 > 27-32-10

Section 27-32-10

Grounds - Ancillary liquidation of foreign insurers.

The commissioner may apply to the court for an order appointing him as ancillary receiver of, and directing him to liquidate, the business of a foreign insurer having assets, business or claims in this state upon the appointment in the domiciliary state of such insurer of a receiver, liquidator, conservator, rehabilitator, or other officer by whatever name called for the purpose of liquidating the business of such insurer.

(Acts 1971, No. 407, p. 707, §629.)