Alabama Domicile Information
DomicileAlabama
Captives23
CapitalizationPure: $250,000 Association:$750,000 Industrial: $500,000 Sponsored: $1 million Reciprocal: $1 million
Registration & Incorporation ExpensesApplication Fee:$200 Initial and annual license fee: $300
Investment RestrictionsAllows Cell Captives.
Tax IssuesReinsurance premium tax: .225% on first $20 million; .150% on next $20 million; .050% on next $20 million; .025% on all premium more than $60 million. No reinsurance tax if premium is subject to Alabama's direct premium tax rates. Minimum annual premium tax of $5,000. Two or more captives under common ownership are taxed as a single entity.
Applicable Acts2008 Alabama Coastal Captive Insurance Company Act
Tax Treaties 
Supervisory JurisdictionSean Duke, financial analyst, Alabama Department of Insurance, 201 Monroe St., Suite 1700
Montgomery, Ala. 36104
334-241-4165; sean.duke@insurance.alabama.gov
Reporting Requirements 
Reserve & Underwriting Requirements 
Local Office Requirements 
Estimated Number of Captives18
Domicile URLhttp://www.aldoi.gov
StatusActive
NewsBecame Domicile in 2006