Alabama § 27-6-6 - Securities and Assets - Assignment and Reassignment, Etc.; Appraisal or Valuation.
Full text of Alabama Code of Alabama § 27-6-6 — Securities and Assets - Assignment and Reassignment, Etc.; Appraisal or Valuation., with citation guidance and answers to common questions.
§ 27-6-6. Securities and Assets - Assignment and Reassignment, Etc.; Appraisal or Valuation.
(a) All securities not negotiable by delivery and deposited by an insurer shall be duly assigned to the commissioner and his successors in office. All other assets so deposited shall be duly transferred or conveyed to the commissioner. Upon release of any such security or asset to the insurer, the commissioner shall reassign, or transfer or reconvey the same to the insurer.
(b) The commissioner may, in his discretion, prior to acceptance for deposit of any security or asset or at any time thereafter while so deposited, have the same appraised or valued by competent appraisers. The reasonable costs of any such appraisal or valuation shall be borne by the insurer.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-6-6
What does Code of Alabama § 27-6-6 cover?
Section 27-6-6 ("Securities and Assets - Assignment and Reassignment, Etc.; Appraisal or Valuation.") 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 § 27-6-6?
A common citation format is "Code of Alabama § 27-6-6" (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 § 27-6-6 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.