Life and Disability Insurance Guaranty Association.

  1. Law
  2. Code of Alabama
  3. Insurance.
  4. Life and Disability Insurance Guaranty Association.

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Section
27-44-1

Short Title.

Section
27-44-2

Purpose of Chapter.

Section
27-44-3

Scope of Chapter.

Section
27-44-4

Construction of Chapter.

Section
27-44-5

Definitions.

Section
27-44-6

Creation of Association; Membership; Accounts; Supervision.

Section
27-44-7

Board of Directors; Selection of Members; Vacancies; Organizational Meeting; Reimbursement for Expenses.

Section
27-44-8

Powers and Duties of Association.

Section
27-44-9

Assessments.

Section
27-44-10

Submission of Plan of Operation and Amendments; Promulgation of Rules in Absence of Plan.

Section
27-44-11

Duties and Powers of Commissioner; Appeal and Review; Notification.

Section
27-44-12

Duties of Commissioner and Board With Regard to Detection and Prevention of Insolvencies or Impairment.

Section
27-44-13

Credits for Assessments Paid.

Section
27-44-14

Liability of Unpaid Assessments; Records of Negotiations and Meetings; Association Deemed Creditor of Impaired or Insolvent Insurer; Judicial Distribution of Ownership Rights of Insolvent Insurer; Recovery by Receiver of Certain Distributions From Controlling Affiliates.

Section
27-44-15

Examination and Regulation of Association; Annual Report.

Section
27-44-16

Tax Exemptions.

Section
27-44-17

Immunity Under Chapter.

Section
27-44-18

Stay of Proceedings; Reopening Default Judgments.

Section
27-44-20

Association, Policyholders, Beneficiaries, and Insureds to Have Preferred Creditor Status.

Section
27-44-21

Immediate Access of Associations in This and Other States to Assets of Insolvent Insurer; Application to Court; Contents of Proposal; Notice.