Ala. Code § 27-42 et seq. – Insurance Guaranty Association | Midpage

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Code of Alabama

Chapter 42

Ala. Code § 27-42 et seq.

Insurance Guaranty Association

27-42-1Short Title.27-42-2Purpose of Chapter.27-42-3Applicability of Chapter.27-42-4Construction of Chapter.27-42-5Definitions.27-42-6Association Created; Member Insurers; Accounts.27-42-7Board of Directors; Selection; Vacancies; Expenses.27-42-8Powers and Duties.27-42-8.1Maximum Assessment.27-42-9Plan of Operation.27-42-10Duties and Powers of the Commissioner; Judicial Review.27-42-11Settlement and Payment of Claims; Recovery.27-42-12Exhaustion of Rights; Nonduplication of Recovery.27-42-13Prevention of Insolvencies; Examinations of Insurers; Reports.27-42-14Examination of the Association; Financial Report.27-42-15Tax Exemption.27-42-16Credits for Assessments Paid; Disposition of Refunds Previously Offset.27-42-17Immunity.27-42-18Stay of Proceedings; Access of Board to Records of Insurers.27-42-19Association, Policyholders, Beneficiaries, and Insureds to Have Preferred Creditor Status.27-42-20Access to Assets of Insolvent Insurer; Application for Court Approval of Plan to Disburse Assets; Notice of Application.