Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/27-35-6.htm |
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Depth: | 0 singles |
Size: | 988 bytes |
Modified: | 2005-07-19 10:10:20 |
Categories: | -None- |
Title: | 27-35-6 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 27-35-6 Conversion into stock or mutual life insurance company - Certificates of incorporation and authority. The society shall have corporate existence as a domestic stock or mutual life insurer upon issuance of the certificate of incorporation by the commissioner or approval of the amended articles of incorporation, as the case may be; but it shall not transact business as an insurer until all its authorized capital stock, if a stock insurer, has been subscribed and paid in full and it has otherwise qualified for, and received from the commissioner, a certificate of authority as provided in this title for legal reserve insurers. (Acts 1971, No. 407, p. 707, ยง732.) |