Security Savings Life Insurance Co. v. Weaver

ROBERTSON, Presiding Judge.

This case concerns the proper reserves required to be maintained by a mutual aid association.

Security Savings Life Insurance Company (Security Savings), a mutual aid association, brought this suit against the Commissioner of Insurance of the Alabama Department of Insurance (department) to enjoin it from requiring reserve calculations to be made in accordance with Ala.Code 1975, §§ 27-30-16 and 27-30-17. After an ore tenus proceeding, the trial court denied the relief requested by Security Savings. Thus, this appeal.

On appeal, Security Savings argues that the trial…