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Statutes > Alabama Statutes > Title 27 — INSURANCE. > Chapter 42 — INSURANCE GUARANTY ASSOCIATION.

Chapter 42 — INSURANCE GUARANTY ASSOCIATION.

  • Section 27-42-1 Short title.
  • Section 27-42-2 Purpose of chapter.
  • Section 27-42-3 Applicability of chapter.
  • Section 27-42-4 Construction of chapter.
  • Section 27-42-5 Definitions.
  • Section 27-42-6 Association created; member insurers; accounts.
  • Section 27-42-7 Board of directors; selection; vacancies; expenses.
  • Section 27-42-8 Powers and duties.
  • Section 27-42-8.1 Maximum assessment.
  • Section 27-42-9 Plan of operation.
  • Section 27-42-10 Duties and powers of the commissioner; judicial review.
  • Section 27-42-11 Settlement and payment of claims; recovery.
  • Section 27-42-12 Exhaustion of rights; nonduplication of recovery.
  • Section 27-42-13 Prevention of insolvencies; examinations of insurers; reports.
  • Section 27-42-14 Examination of the association; financial report.
  • Section 27-42-15 Tax exemption.
  • Section 27-42-16 Credits for assessments paid; disposition of refunds previously offset.
  • Section 27-42-17 Immunity.
  • Section 27-42-18 Stay of proceedings; access of board to records of insurers.
  • Section 27-42-19 Association, policyholders, beneficiaries and insureds to have preferred creditor status.
  • Section 27-42-20 Access to assets of insolvent insurer; application for court approval of plan to disburse assets; notice of application.




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