Ala. Code § 27-10-23

Current through the 2024 Regular Session.

Section 27-10-23 - Validity and enforceability of surplus line contracts

Insurance contracts procured as "surplus line" coverages from unauthorized insurers in accordance with this article shall be valid and enforceable as to all parties and shall be recognized in all matters to the same effect and extent as like contracts issued by authorized insurers.

Ala. Code § 27-10-23 (1975)

Amended by Act 2024-71,§ 2, eff. 7/1/2024.

Acts 1963, No. 521, p. 1112, §10; Acts 1971, No. 407, p. 707, §198.