(a) The commissioner shall collect the following fees in connection with Section 27-31B-3:
(1) Filing application for license, two hundred dollars ($200).
(2) License fee, for initial license and each annual renewal thereof, three hundred dollars ($300).
(b) All fees collected pursuant to this section shall be deposited in the State Treasury to the credit of the Insurance Department Fund.
Structure Code of Alabama
Chapter 31B - Alabama Captive Insurers Act.
Section 27-31B-1 - Short Title.
Section 27-31B-2 - Definitions.
Section 27-31B-5 - Names of Companies.
Section 27-31B-6 - Minimum Capital and Surplus.
Section 27-31B-8 - Formation of Captive Insurance Companies in This State.
Section 27-31B-9 - Reports and Statements.
Section 27-31B-10 - Examinations and Investigations.
Section 27-31B-11 - Grounds and Procedures for Suspension or Revocation of License.
Section 27-31B-12 - Legal Investments.
Section 27-31B-13 - Reinsurance.
Section 27-31B-14 - Rating Organizations; Memberships.
Section 27-31B-15 - Exemption From Compulsory Associations.
Section 27-31B-16 - Tax on Premiums Collected.
Section 27-31B-18 - Laws Applicable.
Section 27-31B-19 - Delinquency.
Section 27-31B-20 - Rules for Controlled Unaffiliated Business.
Section 27-31B-21 - Conversion to or Merger With Reciprocal Insurer.
Section 27-31B-22 - Protected Cell Captive Insurance Companies.
Section 27-31B-23 - Qualification of Sponsors.
Section 27-31B-24 - Participants in Protected Cell Captive Insurance Companies.
Section 27-31B-25 - Incorporation of Protected Cells.
Section 27-31B-26 - Approval of Stock Captive Insurer to Become a Mutual Captive Insurer.
Section 27-31B-27 - Redomestication of Captive Insurance Companies.
Section 27-31B-28 - Risk Retention Groups to Comply With Certain Accreditation Standards.