27-31B-16
Section 27-31B-16 Tax on premiums collected. (a) Each captive insurance company shall pay to
the commissioner, by March 1 of each year, a tax at the rate of four-tenths of one percent
on the first 20 million dollars, three-tenths of one percent on the next 20 million dollars,
two-tenths of one percent on the next 20 million dollars, seventy-five thousandths of one
percent on each dollar thereafter on the direct premiums collected or contracted for on policies
or contracts of insurance written by the captive insurance company during the year ending
December 31 next preceding, after deducting from the direct premiums subject to the tax the
amounts paid to policyholders as return premiums which shall include dividends on unabsorbed
premiums or premium deposits returned or credited to policyholders. Notwithstanding the foregoing,
no tax shall be due or payable as to considerations received for annuity contracts. (b) Each
captive insurance company shall pay to the commissioner by March 1 of...
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27-31B-10
Section 27-31B-10 Examinations and investigations. (a) At least once in three years, and whenever
the commissioner determines it to be prudent, the commissioner shall visit each captive insurance
company and thoroughly inspect and examine its affairs to ascertain its financial condition,
its ability to fulfill its obligations, and whether it has complied with this chapter. The
commissioner, upon application, may enlarge the three-year period to five years, provided
the captive insurance company is subject to a comprehensive annual audit during that period
of a scope satisfactory to the commissioner by independent auditors approved by the commissioner.
The expenses and charges of the examination shall be in accordance with Section 27-2-25. (b)
All examination reports, preliminary examination reports or results, working papers, recorded
information, documents, and copies thereof produced by, obtained by, or disclosed to the commissioner
or any other person in the course of an examination...
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27-31B-25
Section 27-31B-25 Incorporation of protected cells. (a) A protected cell of a protected cell
captive insurance company may be formed as an incorporated protected cell. (b) Subject to
the prior written approval of the protected cell captive insurance company and of the commissioner,
an incorporated protected cell shall be entitled to enter into contracts and undertake obligations
in its own name and for its own account. In the case of a contract or obligation to which
the protected cell captive insurance company is not a party, either in its own name and for
its own account or on behalf of a protected cell, the counterparty to the contract or obligation
shall have no right or recourse against the protected cell captive insurance company and its
assets other than against assets properly attributable to the incorporated protected cell
that is a party to the contract or obligation. (c) The certificate of formation of an incorporated
protected cell shall refer to the protected cell captive...
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27-31B-7
Section 27-31B-7 Dividends. No captive insurance company may pay a dividend out of, or other
distribution with respect to, capital or surplus, in excess of the limitations set forth in
subsection (g) of Section 27-29-5, without the prior approval of the commissioner. Approval
of an ongoing plan for the payment of dividends or other distributions shall be conditioned
upon the retention, at the time of each payment, of capital or surplus in excess of amounts
specified by, or determined in accordance with formulas approved by, the commissioner. (Act
2006-509, p. 1153, §1.)...
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27-31B-5
Section 27-31B-5 Names of companies. No captive insurance company shall adopt a name that is
the same, deceptively similar, or likely to be confused with or mistaken for any other existing
business name registered in the State of Alabama. (Act 2006-509, p. 1153, §1.)...
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27-22-24
Section 27-22-24 Reporting requirements; waiver, modification, etc.; failure to comply. (a)
Upon written request of an insurance company, the commissioner may waive, modify, or extend
for an additional time period, for good cause shown, the reporting requirements imposed by
this article. The request shall demonstrate good cause for waiving, modifying, or extending
the reporting requirements. Good cause may include, but is not limited to, the insurance company's
limited percentage of the total homeowners insurance market in this state, or the undue burden
of compiling and reporting the computations, data, and other information required by this
article due to the manner, format, or method in which the insurance company has stored the
computations, data, or other information required. (b) Any insurance company that fails to
timely comply with the reporting requirements imposed by this article shall be given notice
by the department of such failure and provided 90 days within which to...
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27-52-21
Section 27-52-21 Commissioner of Insurance; benefits offered to small employers; "small
employer" defined. (a) The Commissioner of Insurance shall, by regulation, establish
the conditions, restrictions, requirements, and plan of operation of the Alabama Small Employer
Allocation Program consistent with the requirements of the Health Insurance Portability and
Accountability Act of 1996 and any and all federal regulations adopted pursuant thereto, which
plan benefits shall be inclusive of the provisions of Sections 27-1-10 and 27-19-39. The program
shall be patterned after the Small Employer Health Insurance Availability models developed
by the National Association of Insurance Commissioners. (b) All insurers that offer health
benefit plans to small employers in this state on and after August 1, 1997, shall be required
to meet the requirements of the program as a condition of authority to transact business in
this state. (c) For the purposes of this article, a "small employer" means any...

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9-15-56
Section 9-15-56 Application for beach project; issuance of permit. (a) Upon application by
a coastal municipality, the Commissioner of the Department of Conservation and Natural Resources,
acting through the Lands Division of the department, shall issue a permit for the construction
and maintenance of a beach project by the coastal municipality under the authority of Article
11 of Chapter 47 of Title 11, provided all of the requirements of this section shall have
been satisfied. (b) The application for a beach project shall contain, at a minimum, all of
the following: (1) A detailed description of the location, dimensions, and design features
of the proposed beach project. (2) A copy of the survey, map, metes and bounds description,
or plane coordinate references adopted by the governing body of the coastal municipality as
identifying the location of the mean high tide line and the locations of the limits of the
landward and seaward extensions of the proposed beach project relative to...
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11-47-252
Section 11-47-252 Requirements for construction of beach project. A coastal municipality may
not begin construction of a beach project until each of the following requirements have been
satisfied: (1) The governing body of the coastal municipality, after a public hearing held
on not less than 30 days' public notice, has identified the following by adoption of a survey,
map, metes and bounds description, or plane coordinate references. a. The location of the
mean high tide line for the area in which the beach project is proposed to be located. b.
The location of the limits of the landward and seaward extensions of the proposed beach project
relative to both the mean high tide line and the construction control line, if any, then established
under the regulations of the Alabama Department of Environmental Management, the ordinances
of the coastal municipality, or both. (2) The Commissioner of the Department of Conservation
and Natural Resources, acting through the Lands Division of the...
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27-31B-20
Section 27-31B-20 Rules for controlled unaffiliated business. 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. (Act
2006-509, p. 1153, §1; Act 2016-191, §1.)...
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