Alabama § 27-2-40 - The Center for Risk and Insurance Research Fund.
Full text of Alabama Code of Alabama § 27-2-40 — The Center for Risk and Insurance Research Fund., with citation guidance and answers to common questions.
§ 27-2-40. The Center for Risk and Insurance Research Fund.
(a) The Commissioner of Insurance shall establish and support the Center for Risk and Insurance Research, or its successor, connected with a state university in this state to carry out research, education, and outreach regarding risk management and insurance issues.
(b) There is created the Center for Risk and Insurance Research Fund in the State Treasury to be used to fund the center. No funds shall be withdrawn or expended except as budgeted and allotted according to Sections 41-4-80 to 41-4-96, inclusive, and 41-19-1 to 41-19-12, inclusive, and only in amounts as appropriated in the general appropriations act or other appropriation acts to the Department of Insurance for the operation of the center.
(c) The Commissioner of Insurance may transfer to the state university described in subsection (a) up to the amount appropriated from the Center for Risk and Insurance Research Fund each fiscal year to be used for the operation of the center.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-2-40
What does Code of Alabama § 27-2-40 cover?
Section 27-2-40 ("The Center for Risk and Insurance Research Fund.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 27-2-40?
A common citation format is "Code of Alabama § 27-2-40" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 27-2-40 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.