Code of Alabama - Title 27: Insurance - Section 27-36-6 - Increase of inadequate loss reserves

Section 27-36-6 - Increase of inadequate loss reserves.

If loss experience shows that an insurer's loss reserves, however computed or estimated, are inadequate, the commissioner shall require the insurer to maintain loss reserves in such increased amount as is needed to make them adequate.

(Acts 1971, No. 407, p. 707, §742.)

Last modified: May 3, 2021