Alabama § 27-31B-13 Reinsurance

Alabama Statutes

§ 27-31B-13 — Reinsurance

Alabama § 27-31B-13

Title 27Insurance

Ch. 31BAlabama Captive Insurers Act

This text of Alabama § 27-31B-13 (Reinsurance) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 27-31B-13 (2026).

Text

(a)A captive insurance company may provide reinsurance, as authorized in this title, on risks ceded by any other insurer.

(b)A captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers complying with Sections 27-5B-4 through 27-5B-9. A captive insurer shall not take credit for the reserves on risks or portions of risks ceded to reinsurers not complying with Sections 27-5B-4 through 27-5B-9.

(c)For all purposes of this chapter, insurance by a captive insurance company of any workers’ compensation plan of its parent and affiliates shall be deemed to be reinsurance.

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(a) A captive insurance company may provide reinsurance, as authorized in this title, on risks ceded by any other insurer.
(b) A captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers complying with Sections 27-5B-4 through 27-5B-9. A captive insurer shall not take credit for the reserves on risks or portions of risks ceded to reinsurers not complying with Sections 27-5B-4 through 27-5B-9.
(c) For all purposes of this chapter, insurance by a captive insurance company of any workers’ compensation plan of its parent and affiliates shall be deemed to be reinsurance.