Alabama § 27-3-31 - Domestic Insurer May Transfer Domicile to Another State and Be Admitted as Foreign Insurer If so Qualified; Approval of Commissioner of Insurance; Effect of Interests of Policyholders.
Full text of Alabama Code of Alabama § 27-3-31 — Domestic Insurer May Transfer Domicile to Another State and Be Admitted as Foreign Insurer If so Qualified; Approval of Commissioner of Insurance; Effect of Interests of Policyholders., with citation guidance and answers to common questions.
§ 27-3-31. Domestic Insurer May Transfer Domicile to Another State and Be Admitted as Foreign Insurer If so Qualified; Approval of Commissioner of Insurance; Effect of Interests of Policyholders.
Any domestic insurer may, upon the approval of the Commissioner of Insurance, transfer its domicile to any other state in which it is admitted to transact the business of insurance, and upon such a transfer shall cease to be a domestic insurer, and shall be admitted to this state if qualified as a foreign insurer. The Commissioner of Insurance shall approve any such proposed transfer unless he shall determine such transfer is not in the interest of the policyholders of this state.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-3-31
What does Code of Alabama § 27-3-31 cover?
Section 27-3-31 ("Domestic Insurer May Transfer Domicile to Another State and Be Admitted as Foreign Insurer If so Qualified; Approval of Commissioner of Insurance; Effect of Interests of Policyholders.") 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 § 27-3-31?
A common citation format is "Code of Alabama § 27-3-31" (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 § 27-3-31 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.