Alabama § 27-31C-9 - Findings of the Commissioner.
Full text of Alabama Code of Alabama § 27-31C-9 — Findings of the Commissioner., with citation guidance and answers to common questions.
§ 27-31C-9. Findings of the Commissioner.
The commissioner may not issue a license to an Alabama Coastal Captive Insurance Company unless the commissioner finds that the:
(1) Coastal captive insurance company is capitalized adequately or properly reinsured or both, after giving due consideration to the business plan, feasibility study, and pro formas, including the level of risk to be retained by the coastal captive insurance company;
(2) Proposed business plan of the coastal captive insurance company provides for a reasonable and expected successful operation and is not hazardous to any policyholder;
(3) Proposed business plan, including any contracts or agreements to which the coastal captive insurance company is a party, and the intended operation of the coastal captive insurance company comply with this chapter and with any other applicable provisions of this title; and
(4) Proposed business plan and intended operation of the coastal captive insurance company satisfy the purpose of this chapter.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-31C-9
What does Code of Alabama § 27-31C-9 cover?
Section 27-31C-9 ("Findings of the Commissioner.") 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 § 27-31C-9?
A common citation format is "Code of Alabama § 27-31C-9" (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 § 27-31C-9 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.