Alabama § 27-27-20 - Domestic Mutual Insurers - Authorization to Transact Additional Kinds of Insurance.
Full text of Alabama Code of Alabama § 27-27-20 — Domestic Mutual Insurers - Authorization to Transact Additional Kinds of Insurance., with citation guidance and answers to common questions.
§ 27-27-20. Domestic Mutual Insurers - Authorization to Transact Additional Kinds of Insurance.
A domestic mutual insurer, after being authorized to transact one kind of insurance, may be authorized by the commissioner to transact such additional kinds of insurance as are permitted under Section 27-3-6, while otherwise in compliance with this title and while maintaining unimpaired surplus funds in an amount not less than the amount of paid-in capital stock required of a domestic stock insurer transacting like kinds of insurance, subject further to the additional expendable surplus requirements of Section 27-3-8 applicable to such a stock insurer.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-27-20
What does Code of Alabama § 27-27-20 cover?
Section 27-27-20 ("Domestic Mutual Insurers - Authorization to Transact Additional Kinds of Insurance.") 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 § 27-27-20?
A common citation format is "Code of Alabama § 27-27-20" (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 § 27-27-20 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.