Alabama § 27-31B-20 Rules for Controlled Unaffiliated Business

Alabama Statutes

§ 27-31B-20 — Rules for Controlled Unaffiliated Business

Alabama § 27-31B-20

Title 27Insurance

Ch. 31BAlabama Captive Insurers Act

This text of Alabama § 27-31B-20 (Rules for Controlled Unaffiliated Business) 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-20 (2026).

Text

The commissioner shall adopt rules establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the captive insurance company. Until the rules under this section are adopted, the commissioner may by temporary order grant authority to a captive insurance company to insure risks.

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The commissioner shall adopt rules establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the captive insurance company. Until the rules under this section are adopted, the commissioner may by temporary order grant authority to a captive insurance company to insure risks.