The purpose of this chapter is to establish the procedures and guidelines for the approval of surplus notes as authorized under Section 27-27-40, Code of Ala. 1975.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§27-27-40, 27-2-7, 27-2-17, 27-27-1, 27-27-2.

History: New: December 18, 1992; effective January 1, 1993. Filed for codification in the Alabama Administrative Code by the Department of Insurance on November 14, 2005, pursuant to the Code of Ala. 1975, §27-7-43.