Alabama § 27-2-34 - Order of Supervision - Appointment of Supervisor; Acts Which May Be Prohibited During Period of Supervision.
Full text of Alabama Code of Alabama § 27-2-34 — Order of Supervision - Appointment of Supervisor; Acts Which May Be Prohibited During Period of Supervision., with citation guidance and answers to common questions.
§ 27-2-34. Order of Supervision - Appointment of Supervisor; Acts Which May Be Prohibited During Period of Supervision.
During the period of supervision the commissioner may appoint a supervisor and may provide that the insurer may not do the following things during the period of supervision without the prior approval of the commissioner or his duly appointed supervisors:
(1) Dispose of, convey, or encumber any of its assets or its business in force;
(2) Withdraw any of its bank accounts;
(3) Lend any of its funds;
(4) Invest any of its funds;
(5) Transfer any of its property;
(6) Incur any debt, obligation, or liability;
(7) Enter into any new reinsurance contract or treaty;
(8) Issue to the public policies of insurance.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-2-34
What does Code of Alabama § 27-2-34 cover?
Section 27-2-34 ("Order of Supervision - Appointment of Supervisor; Acts Which May Be Prohibited During Period of Supervision.") 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 § 27-2-34?
A common citation format is "Code of Alabama § 27-2-34" (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 § 27-2-34 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.