Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-138 - CAPTIVE INSURERS
Section 482-1-138-.09 - Organizational Examination
Universal Citation: AL Admin Code R 482-1-138-.09
Current through Register Vol. 42, No. 5, February 29, 2024
In addition to processing of the application, an organizational investigation or examination may be performed before an applicant is licensed. Such investigation or examination shall consist of a general survey of the company's corporate records, including charter, bylaws and minute books; verification of capital and surplus; verification of principal place of business; determination of assets and liabilities; and a review of such other factors as the commissioner deems necessary.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§ 27-2-17; 27-7-43, 27-31B-17.
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