Alabama § 27-41-2 - Definitions.
Full text of Alabama Code of Alabama § 27-41-2 — Definitions., with citation guidance and answers to common questions.
§ 27-41-2. Definitions.
As used in this chapter, the following terms shall have the respective meanings herein set forth, unless the context shall otherwise require:
(1) ALABAMA INSURANCE CODE. Title 27 of this code.
(2) INSURER. The term shall have the meaning ascribed in Section 27-1-2 and shall include health maintenance organizations.
(3) PERSON. The term shall have the meaning ascribed in Section 27-1-2.
(4) COMMISSIONER and DEPARTMENT. The terms, respectively, shall have the meanings ascribed in Section 27-1-2.
(5) INVESTMENT. Any asset owned by an insurer.
(6) ELIGIBLE INVESTMENT. Any investment permitted by Sections 27-41-7 to 27-41-35, inclusive, provided the investment meets all the other requirements of this chapter.
(7) DOMESTIC INSURER, FOREIGN INSURER, and ALIEN INSURER. The terms shall have the meanings ascribed in Section 27-1-2 and shall include health maintenance organizations.
(8) ADMITTED ASSET. Any asset of an insurer permitted by the Commissioner of Insurance to be taken into account in any determination of the financial condition of the insurer.
Frequently Asked Questions About Alabama § 27-41-2
What does Code of Alabama § 27-41-2 cover?
Section 27-41-2 ("Definitions.") 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 § 27-41-2?
A common citation format is "Code of Alabama § 27-41-2" (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 § 27-41-2 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.