A risk retention group formed pursuant to this chapter shall comply with any provision determined to be applicable to the National Association of Insurance Commissioners’ (NAIC) accreditation standards for Risk Retention Groups and any provision of this title determined to be applicable by the commissioner. Applicable provisions shall be adopted by the commissioner pursuant to, and in accordance with, Section 27-2-17.
Ala. Code § 27-31B-28
Risk Retention Groups to Comply with Certain Accreditation Standards.
Known as the Alabama Captive Insurers Act
The act spans §§ 27-31B-1 to 27-31B-9 (28 sections).
(Act 2021-162, §2.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.