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Alabama · Through Act 2026-611

Ala. Code § 27-31B-15: Exemption from Compulsory Associations.

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Where this section sits in the code
  1. Title 27 Insurance.
  2. Chapter 31B Alabama Captive Insurers Act.

No captive insurance company, including a captive insurance company organized as a reciprocal insurer under this chapter, may join or contribute financially to any plan, pool, association, or guaranty or insolvency fund in this state. No captive insurance company, or its insured, or its parent or any affiliated company, or any member organization of its association or, in the case of a captive insurance company organized as a reciprocal insurer, any subscriber thereof, may receive any benefit from any plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of the captive insurance company.

Collected 2026-09-03T14:01:52Z. Source file · JSON

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