Section 27-24-7

Estoppel of insurer to deny its power, etc.

No corporation or insurer having signed any such official bond or undertaking shall be permitted to deny its corporate or other power to execute such instrument or incur such liability in any proceedings to enforce liability against the insurer thereunder.

(Code 1940, T. 41, §105; Acts 1971, No. 407, p. 707, §492.)