Ala. Admin. Code r. 482-1-138-.17

Current through Register Vol. 43, No. 1, October 31, 2024

Section 482-1-138-.17 - Surplus

A captive insurer's initial free surplus is the minimum additional assets required of a captive insurer over and above the minimum required basic surplus for the lines of insurance authorized to be written.

Author: Commissioner of Insurance

Ala. Admin. Code r. 482-1-138-.17

New Rule: August 1, 2006; effective August 11, 2006. Filed with LRS August 1, 2006. Rule is not subject to the Alabama Administrative Procedure Act.

Statutory Authority:Code of Ala. 1975, §§ 27-2-17; 27-7-43, 27-31B-17.