Alabama § 27-33-2 - Deposit of Assets in Trust.
Full text of Alabama Code of Alabama § 27-33-2 — Deposit of Assets in Trust., with citation guidance and answers to common questions.
§ 27-33-2. Deposit of Assets in Trust.
(a) An alien insurer may use Alabama as a state of entry to transact insurance in the United States by making and maintaining in this state a deposit of assets in trust with a solvent bank or trust company approved by the commissioner.
(b) The deposit, together with other trust deposits of the insurer held in the United States for the same purpose, shall be in amount not less than the deposits required of an alien insurer under Section 27-3-14 and shall consist of cash and/or securities eligible for the investment of the funds of like domestic insurers.
(c) Such a deposit may be referred to as “trusteed assets.”
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-33-2
What does Code of Alabama § 27-33-2 cover?
Section 27-33-2 ("Deposit of Assets in Trust.") 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 § 27-33-2?
A common citation format is "Code of Alabama § 27-33-2" (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 § 27-33-2 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.