Ala. Code § 27-5B et seq. – Reinsurance | Midpage

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Code of Alabama

Chapter 5B

Ala. Code § 27-5B et seq.

Reinsurance

27-5B-1Purpose.27-5B-2Reinsurance Permitted.27-5B-3Credit Allowed a Domestic Ceding Insurer.27-5B-4Licensed Reinsurer.27-5B-5Accredited Reinsurer.27-5B-6Reinsurer Domiciled in State with Substantially Similar Law.27-5B-7Reinsurer Maintaining a Trust Fund.27-5B-8Certified Reinsurer.27-5B-8.1Reinsurer Domiciled in a Reciprocal Jurisdiction.27-5B-9Credit for Reinsurance Required by Law.27-5B-10Reinsurer Not Licensed, Accredited or Certified - Additional Reinsurance Agreement Requirements.27-5B-11Reinsurer Not Licensed, Accredited, or Certified - Additional Trust Agreement Requirements.27-5B-12Accredited or Certified Reinsurer Ceasing to Meet Requirements.27-5B-13Concentration Risk.27-5B-14Asset or Reduction from Liability for Reinsurance Ceded by a Domestic Insurer to an Assuming Insurer Not Meeting the Requirements of Sections 27-5B-3 through 27-5B-13.27-5B-15Qualified U.s. Financial Institutions.27-5B-16Insolvency Clause.27-5B-17Guaranty Association Election.27-5B-18Notice by Domiciliary Liquidator.27-5B-19Rulemaking Authority.27-5B-20Reinsurance Agreements Affected.