AL| Bulletin 2026-01, issued by the Alabama Department of Insurance, announces that, effective immediately, they will apply the group capital calculation filing requirements in Section 21 of NAIC Model Regulation 450 to Alabama‑domiciled insurers subject to Ala. Code § 27-29-4(1)(2), including the Department’s authority to grant exemptions, accept limited filings, or require full filings from previously exempt or limited‑filing groups. It also notes a February 5, 2026 hearing on proposed new Section 18.2 of Alabama Insurance Regulation 55 (Rule 482-1-055-.18.2), which would formally adopt these NAIC filing requirements with a proposed effective date of February 15, 2026.
Click here to see AL Bulletin 2026-01