Code of Alabama - Title 27: Insurance - Chapter 36 - Liabilities

• Section 27-36-1 Liabilities generally
  In any determination of the financial condition of an insurer, capital stock and liabilities to be charged against its assets shall include: (1) The amount...
• Section 27-36-2 Unearned premium reserve - Title insurance
  (a) In addition to an adequate reserve as to outstanding losses as required under Section 27-36-1, a title insurer shall maintain an unearned premium reserve...
• Section 27-36-3 Unearned premium reserve - Property, general casualty and surety insurance
  (a) As to insurance against loss or damage to property, except as provided in Section 27-36-4, and as to all general casualty insurance and surety...
• Section 27-36-3.1 Unearned premium reserve - Bail bond surety insurers
  In lieu of the unearned premium reserve required in Section 27-36-3, the Commissioner of Insurance may require any surety insurer or limited insurer to set...
• Section 27-36-4 Unearned premium reserve - Marine and transportation insurance
  As to marine and transportation insurance, the entire amount of premiums on trip risks not terminated shall be deemed unearned, and the commissioner may require...
• Section 27-36-5 Active life reserve for disability insurance
  For all disability insurance policies, the insurer shall maintain an active life reserve which shall place a sound value on its liabilities under such policies...
• 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...
• Section 27-36-7 Standard Valuation Law
  Repealed by Act 2016-411, §3, effective January 1, 2017.

Last modified: May 3, 2021