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Home » US Law » 2022 Code of Alabama » Title 27 - Insurance. » Chapter 32 - Rehabilitation, Reorganization, Conservation, and Liquidation of Insurers. » Section 27-32-10 – Grounds – Ancillary Liquidation of Foreign Insurers.

Section 27-32-10

Grounds – Ancillary liquidation of foreign insurers.

The commissioner may apply to the court for an order appointing him as ancillary receiver of, and directing him to liquidate, the business of a foreign insurer having assets, business, or claims in this state upon the appointment in the domiciliary state of such insurer of a receiver, liquidator, conservator, rehabilitator, or other officer by whatever name called for the purpose of liquidating the business of such insurer.

(Acts 1971, No. 407, p. 707, §629.)