Alabama § 27-42-8.1 - Maximum Assessment.
Full text of Alabama Code of Alabama § 27-42-8.1 — Maximum Assessment., with citation guidance and answers to common questions.
§ 27-42-8.1. Maximum Assessment.
(a) Notwithstanding the one percent maximum assessment set forth in subdivision (3) of subsection (a) of Section 27-42-8, no member insurer may be assessed in any one year for the workers’ compensation account an amount greater than two percent of that member insurer’s net direct written premiums for workers’ compensation insurance for the calendar year preceding the assessment.
(b) The provisions of this section shall apply to the Alabama Insurance Guaranty Association’s obligations under policies of insolvent insurers as they exist on and after May 19, 2008.
Frequently Asked Questions About Alabama § 27-42-8.1
What does Code of Alabama § 27-42-8.1 cover?
Section 27-42-8.1 ("Maximum Assessment.") 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 § 27-42-8.1?
A common citation format is "Code of Alabama § 27-42-8.1" (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 § 27-42-8.1 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.