Section 27-26-21 Creation; composition. - Alabama Statutes

Section 27-26-21

Creation; composition.

A joint underwriting association is hereby created, consisting of all insurers authorized to write and engage in writing, within this state on a direct basis, property and casualty insurance as defined in Sections 27-5-5 and 27-5-6. Every such insurer shall be a member of the association and shall remain a member as a condition of its authority to continue to transact such kind of insurance in this state.

(Acts 1975, No. 513, p. 1148, §7(1).)