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- Title 27. Insurance
- Chapter 31b. Alabama Captive Insurers Act
Ala. Code § 27-31B-20 (1975) Rules For Controlled Unaffiliated Business
| Library | Alabama Statutes |
| Edition | 2023 |
| Currency | Current with legislation from the 2023 Regular and Special Sessions. |
| Year | 2023 |
| Citation | Ala. Code § 27-31B-20 (1975) |
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 i...
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