Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/27-2-34.htm |
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Depth: | 0 singles |
Size: | 1,193 bytes |
Modified: | 2008-02-19 10:37:30 |
Categories: | -None- |
Title: | 27-2-34 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 27-2-34 Order of supervision - Appointment of supervisor; acts which may be prohibited during period of supervision. During the period of supervision the commissioner may appoint a supervisor and may provide that the insurer may not do the following things during the period of supervision without the prior approval of the commissioner or his duly appointed supervisors: (1) Dispose of, convey, or encumber any of its assets or its business in force; (2) Withdraw any of its bank accounts; (3) Lend any of its funds; (4) Invest any of its funds; (5) Transfer any of its property; (6) Incur any debt, obligation, or liability; (7) Enter into any new reinsurance contract or treaty; (8) Issue to the public policies of insurance. (Acts 1975, No. 217, p. 742, §2; Acts 1977, No. 409, p. 547, §3.) |