Alabama Governor Kay Ivey signed into law House Bill 415 on 15 April, which significantly increases the surplus needed for most captives, introduces generally accepted accounting principles (GAAP) reporting requirements, while captives must now notify the regulator of material changes to business plans.
In September 2025, the Alabama Department of Insurance announced a moratorium on new captive and risk retention group (RRG) formations until at least summer 2026.
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