Ala. Code § 27-5B-9

Current through the 2024 Regular Session.

Section 27-5B-9 - Credit for reinsurance required by law

Credit shall be allowed when the reinsurance is ceded to an assuming insurer not meeting the requirements of Section 27-5B-4, 27-5B-5, 27-5B-6, 27-5B-7, 27-5B-8, or 27-5B-8.1, but only as to the insurance of risks located in jurisdictions where the reinsurance is required by applicable law or regulation of that jurisdiction.

Ala. Code § 27-5B-9 (1975)

Amended by Act 2021-235,§ 1, eff. 1/1/2022.

Added by Act 2013-209,§ 1, eff. 1/1/2014.