Ala. Code § 27-31B-20
Current with legislation from 2024 effective through May 17, 2024.
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.
Ala. Code § 27-31B-20 (1975)