(a) The requirements of Section 27-31B-8 apply to an Alabama Coastal Captive Insurance Company.
(b) The commissioner has discretion to restrict the form of an Alabama Coastal Captive Insurance Company to one or more of the types of defined captives listed in Section 27-31B-8, and has the discretion to accept or deny an application based on a finding that one or more of the incorporation or organization options available are not feasible for an Alabama Coastal Captive Insurance Company.
Structure Code of Alabama
Chapter 31C - Alabama Coastal Captive Insurance Act.
Section 27-31C-1 - Short Title.
Section 27-31C-2 - Definitions.
Section 27-31C-3 - License to Provide Homeowners Insurance; Exemptions; Powers and Duties.
Section 27-31C-4 - Issuance of License - Requirements.
Section 27-31C-5 - Formation Requirements.
Section 27-31C-6 - Exemptions From Chapter.
Section 27-31C-7 - Confidentiality of Information.