Department of Insurance; additional requirements for captive insurers specified
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “Department of Insurance; additional requirements for captive insurers specified” Read the full text
2026 regular session
What it does
This act amends Sections 27-31B-3, 27-31B-6, 27-31B-8, and 27-31B-9, Code of Alabama 1975, to: (1) further provide requirements that captive insurance companies must satisfy to conduct business in the state, including banking, employment, ownership, recordkeeping, and background requirements and submitting an operation plan detailing insurance types and limits, financial statements, and investment, underwriting, and rate making policies; (2) increase the amount of capital and surplus that pure c
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Enacted (latest official status) · Feb 10, 2026
Latest official status shown, exactly as the official record states it. The step by step history lives on the official page linked below.
The numbers
1
sponsor on the bill
Sponsors
Ellis
Recorded votes
Recorded voteSenate · 2026-04-07 · yeas 34, nays 0, abstains 0
Recorded voteSenate · 2026-04-07 · yeas 34, nays 0, abstains 0
Recorded voteHouse · 2026-03-10 · yeas 101, nays 2, abstains 2
Recorded voteHouse · 2026-03-10 · yeas 101, nays 0, abstains 4
Recorded voteHouse · 2026-03-10 · yeas 98, nays 1, abstains 3
Recorded voteHouse · 2026-03-10 · yeas 103, nays 0, abstains 2
Recorded voteHouse · 2026-03-10 · yeas 101, nays 1, abstains 3
Roll-call results shown verbatim from the Alabama legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: Enacted.