Section 27-31-21 Liability of subscribers - Judgment. - Alabama Statutes

Section 27-31-21

Liability of subscribers - Judgment.

(a) No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for 30 days.

(b) Any such judgment shall be binding upon each subscriber only in such proportion as his interests may appear and in amount not exceeding his contingent liability, if any.

(Acts 1971, No. 407, p. 707, §611.)