{"data":{"id":"us-al/ala.-code-27-31b-24","jurisdiction":"us-al","citation":"Ala. Code § 27-31B-24","heading":"Participants in Protected Cell Captive Insurance Companies.","body":"(a) An association, corporation, limited liability company, partnership, trust, or other business entity may be a participant in a protected cell captive insurance company formed or licensed under this chapter.\n(b) A sponsor may be a participant in a protected cell captive insurance company.\n(c) A participant need not be a shareholder of the protected cell captive insurance company or an affiliate of the company.\n(d) A participant shall insure only approved risks through a protected cell captive insurance company.","path":["Title 27 Insurance.","Chapter 31B Alabama Captive Insurers Act."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=27-31B-24","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"a1850d066e14030e78924ceba3a5b64dae58cac936cf4d6c2c2c0c24e1bdf8e6","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-27-31b-23","next":"us-al/ala.-code-27-31b-25"},"notice":"GroundRules: Original legal text. Not legal advice."}