Alabama § 27-31B-15 - Exemption from Compulsory Associations.
Full text of Alabama Code of Alabama § 27-31B-15 — Exemption from Compulsory Associations., with citation guidance and answers to common questions.
§ 27-31B-15. Exemption from Compulsory Associations.
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.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-31B-15
What does Code of Alabama § 27-31B-15 cover?
Section 27-31B-15 ("Exemption from Compulsory Associations.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 27-31B-15?
A common citation format is "Code of Alabama § 27-31B-15" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 27-31B-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.