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Section 27-27-61 Applicability Of Corporation Statutes To Domestic Insurers.

Section 27-27-61

Applicability of corporation statutes to domestic insurers.

The applicable statutes of this state relating to the powers and procedures of domestic private corporations formed for profit shall apply to domestic stock insurers and to domestic mutual insurers, except where in conflict with the express provisions of this title and the reasonable implications of such provisions.

(Acts 1971, No. 407, p. 707, §498.)

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Local Government
Alabama
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Kay Ivey
Kay Ivey
April 10, 2017 -
Republican
1-334-242-3935
600 Dexter Ave., Montgomery, AL, 36104

Keywords
insurers
domestic
mutual
procedures
corporations
profit
private
apply
powers
formed