Alabama Captive Insurers Act

Sections covered

• Ala. Code § 27-31B-1Short Title.
• Ala. Code § 27-31B-10Examinations and Investigations.
• Ala. Code § 27-31B-11Grounds and Procedures for Suspension or Revocation of License.
• Ala. Code § 27-31B-12Legal Investments.
• Ala. Code § 27-31B-13Reinsurance.
• Ala. Code § 27-31B-14Rating Organizations; Memberships.
• Ala. Code § 27-31B-15Exemption from Compulsory Associations.
• Ala. Code § 27-31B-16Tax on Premiums Collected.
• Ala. Code § 27-31B-17Rules.
• Ala. Code § 27-31B-18Laws Applicable.
• Ala. Code § 27-31B-19Delinquency.
• Ala. Code § 27-31B-2Definitions.
• Ala. Code § 27-31B-20Rules for Controlled Unaffiliated Business.
• Ala. Code § 27-31B-21Conversion to or Merger with Reciprocal Insurer.
• Ala. Code § 27-31B-22Protected Cell Captive Insurance Companies.
• Ala. Code § 27-31B-23Qualification of Sponsors.
• Ala. Code § 27-31B-24Participants in Protected Cell Captive Insurance Companies.
• Ala. Code § 27-31B-25Incorporation of Protected Cells.
• Ala. Code § 27-31B-26Approval of Stock Captive Insurer to Become a Mutual Captive Insurer.
• Ala. Code § 27-31B-27Redomestication of Captive Insurance Companies.
• Ala. Code § 27-31B-28Risk Retention Groups to Comply with Certain Accreditation Standards.
• Ala. Code § 27-31B-3Licensing.
• Ala. Code § 27-31B-4Fees.
• Ala. Code § 27-31B-5Names of Companies.
• Ala. Code § 27-31B-6Minimum Capital and Surplus.
• Ala. Code § 27-31B-7Dividends.
• Ala. Code § 27-31B-8Formation of Captive Insurance Companies in This State.
• Ala. Code § 27-31B-9Reports and Statements.