Section 40-14B-13 Indemnification, etc., of certified investors. - Alabama Statutes

Section 40-14B-13

Indemnification, etc., of certified investors.

The certified capital company may agree to indemnify, or purchase a guaranty, indemnity, bond, insurance policy, or other payment undertaking for the benefit of a certified investor for losses resulting from the recapture or forfeiture of premium tax credits under Section 40-14B-12.

(Act 2002-429, p. 1108, §13.)