Authorization of Insurers (27-3-1 to 27-3-33)
Alabama Code Title 27 (Insurance) Chapter 3
Edition and licensing notes
Publisher. Legislative Services Agency of the Alabama Legislature (ALISON, alison.legislature.state.al.us)
Status. Code of Alabama, public domain (state government edict).
What this document is
Alabama Code Title 27 (Insurance) Chapter 3 - Authorization of Insurers (27-3-1 to 27-3-33) is a state statute published by Legislative Services Agency of the Alabama Legislature (ALISON, alison.legislature.state.al.us). It is one of the Alabama documents that insurance license exam questions are written from, including alabama property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- Ala. Code Section 27-3-20(a)(3) (Suspension or Revocation of Certificates; Mandatory Grounds)
“(a) The commissioner shall suspend or revoke an insurer’s certificate of authority: (1) If such action is required by any provision of this title; (2) If the insurer no longer meets the requirements for the authority originally granted on account of deficiency of assets or otherwise; or (3) If the...”
- Ala. Code Section 27-3-19(b) (Continuance, Expiration, Reinstatement and Amendment of Certificates)
“(b) If not so continued by the insurer, its certificate of authority shall expire at midnight on the May 31, next following, such failure of the insurer so to continue it in force. The commissioner shall promptly notify the insurer of the occurrence of any such failure resulting in impending...”
- Ala. Code Section 27-3-25(b) (Service of Process on Insurers - How Served; Time to Answer or Plead)
“(b) Where process is served upon the commissioner as an insurer’s process agent, the insurer shall not be required to answer or plead except within 30 days after the date upon which the insurer’s designee received the copy of the process mailed by the commissioner, as shown by the return receipt...”
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