Ala. Admin. Code r. 482-1-063-.03 - Minimum Surplus Denotes Hazardous Operation
A determination that an insurer's surplus is below the minimum set forth in Rule 482-1-063-.02(1) above will also be considered evidence that the insurer is in unsound condition or is in such condition as to render its further transaction of insurance in the state hazardous to its policyholders or to the public under the provisions of Section 27-3-20, Code of Ala. 1975 above.
Author: Commissioner of Insurance
Notes
Statutory Authority: Code of Ala. 1975, ยง 27-2-17.
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