Alabama § 27-44-6 - Creation of Association; Membership; Accounts; Supervision.
Full text of Alabama Code of Alabama § 27-44-6 — Creation of Association; Membership; Accounts; Supervision., with citation guidance and answers to common questions.
§ 27-44-6. Creation of Association; Membership; Accounts; Supervision.
(a) There is created a nonprofit unincorporated legal entity to be known as the Alabama Life and Disability Insurance Guaranty Association. All member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under the plan of operation established and approved under Section 27-44-10 and shall exercise its powers through a board of directors established under Section 27-44-7. For purposes of administration and assessment the association shall maintain three accounts:
(1) The disability insurance account;
(2) The life insurance account; and
(3) The annuity account.
(b) The association shall come under the immediate supervision of the commissioner and shall be subject to the applicable provisions of the insurance laws of this state.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-44-6
What does Code of Alabama § 27-44-6 cover?
Section 27-44-6 ("Creation of Association; Membership; Accounts; Supervision.") 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 § 27-44-6?
A common citation format is "Code of Alabama § 27-44-6" (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 § 27-44-6 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.