# Alabama HB415: Department of Insurance; additional requirements for captive insurers specified Alabama HB415, Department of Insurance; additional requirements for captive insurers specified, is a 2026 Regular Session House bill sponsored by Corley Ellis (Republican); status enacted, last action 2026-04-15 (Enacted) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/AL-HB415-2026rs - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Alabama HB415 - State: Alabama - Session: 2026 Regular Session - Title: Department of Insurance; additional requirements for captive insurers specified - Status: enacted - Chamber: House - Introduced: 2026-02-10 - Last action: 2026-04-15, Enacted - Sponsor: Corley Ellis (Republican) - Cosponsors: 0 - Subjects: Insurance - Touches household money: no - Roll calls: 7 (572 yes, 4 no in all) - Economic provisions PRIA read: 4 ## Summary No summary available. ## Bill overview: provisions PRIA read - Annual financial reviews for captive insurers: cost, low. Beginning June 1, 2026, captive insurers must file an audited financial report by June 30 each year. It covers the previous calendar year ending December 31 and follows U.S. generally accepted accounting principles. It must include an independent accountant’s report, financial statements, and notes… - Captive insurers face higher capital requirements: cost, low. Beginning June 1, 2026, pure, protected cell, and branch captive insurers must maintain at least $250,000 in capital and surplus. Agency, association, and industrial insured captives need $500,000; reinsurance captives and risk retention groups need $1 million. Reciprocal captives need $1 million i… - Stricter management rules for captive insurers: cost, low. Beginning June 1, 2026, captive insurers must hire or contract with a manager meeting the commissioner’s competence and experience standards. They must also use an approved, qualified independent certified public accountant and an approved, qualified actuary. Managers—and officers or directors of m… - Tighter licensing checks for captive insurers: cost, low. Beginning June 1, 2026, captive license applicants must disclose ownership and backgrounds of directors, officers, and anyone controlling at least 10%. Applications must include a detailed operating plan, three-year financial forecasts, and a feasibility study or analysis by a qualified actuary. Th… ## Sponsors and cosponsors - Sponsor: Corley Ellis (Republican), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-04-07 | Senate | Third Reading in Second House | pass | 34 | 0 | | | 2026-04-07 | Senate | Motion to Read a Third Time and Pass - Adopted Roll Call 1204 | pass | 34 | 0 | | | 2026-03-10 | House | Motion to Adopt - Adopted Roll Call 825 | pass | 103 | 0 | 2 | | 2026-03-10 | House | Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 828 | pass | 101 | 2 | 2 | | 2026-03-10 | House | Third Reading in House of Origin | pass | 101 | 1 | 3 | | 2026-03-10 | House | Motion to Adopt - Adopted Roll Call 827 | pass | 101 | 0 | 4 | | 2026-03-10 | House | Motion to Adopt - Adopted Roll Call 826 | pass | 98 | 1 | 3 | ## Actions (23) - 2026-04-15: Enacted (House) - 2026-04-08: Signature Requested (Senate) - 2026-04-08: Delivered to Governor (House) - 2026-04-07: Third Reading in Second House (Senate) - 2026-04-07: Motion to Read a Third Time and Pass - Adopted Roll Call 1204 (Senate) - 2026-04-07: Ready to Enroll (House) - 2026-04-07: Enrolled (House) - 2026-03-17: Reported Out of Committee Second House (Senate) - 2026-03-17: Read for the Second Time and placed on the Calendar (Senate) - 2026-03-10: Third Reading in House of Origin (House) - 2026-03-10: Insurance Engrossed Substitute Offered (House) - 2026-03-10: Motion to Adopt - Adopted Roll Call 825 (House) - 2026-03-10: Ellis 1st Amendment Offered (House) - 2026-03-10: Motion to Adopt - Adopted Roll Call 826 (House) - 2026-03-10: Robbins 1st Amendment Offered (House) - 2026-03-10: Motion to Adopt - Adopted Roll Call 827 (House) - 2026-03-10: Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 828 (House) - 2026-03-10: Engrossed (House) - 2026-03-10: Read for the first time (Senate) - 2026-03-05: Read for the Second Time and placed on the Calendar (House) - 2026-03-04: Reported Out of Committee House of Origin (House) - 2026-02-10: Read for the first time and referred to the House Committee on Insurance (House) - 2026-02-10: Pending Committee Action in House of Origin (House) ## Bill text - As Introduced: [PDF](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB415-int.pdf) - Engrossed: [PDF](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB415-eng.pdf) - Enrolled: [PDF](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB415-enr.pdf) ## Related bills - HB67: Voter Information; limit cost of reproducing voter registration list; crime for misuse of personal voter information; created (enacted) - SB154: State employees, cost-of-living increase for fiscal year beginning October 1, 2026 (enacted) - SB165: Elections; municipal elections, to set qualification fee amounts, to require indigent candidates to submit documentation for fee exemption (enacted) - HB317: Firefighter distinctive license plate; fire chaplains included, penalty for violations provided for (enacted) - SB272: Open Records; use of public records relating to schools for certain solicitation purposes prohibited; redaction of certain information relating to financial tr… (enacted) - SB190: Sales Tax; to exempt Precision Ocular (enacted) ## Sources - [As Introduced (PDF)](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB415-int.pdf) - [Engrossed (PDF)](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB415-eng.pdf) - [Enrolled (PDF)](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB415-enr.pdf) ## Related - [HB67: Voter Information; limit cost of reproducing voter registration list; crime for…](https://policyrisk.com/state-bill/AL-HB67-2026rs) - [SB154: State employees, cost-of-living increase for fiscal year beginning October 1, 2…](https://policyrisk.com/state-bill/AL-SB154-2026rs) - [SB165: Elections; municipal elections, to set qualification fee amounts, to require in…](https://policyrisk.com/state-bill/AL-SB165-2026rs) - [HB317: Firefighter distinctive license plate; fire chaplains included, penalty for vio…](https://policyrisk.com/state-bill/AL-HB317-2026rs) - [SB272: Open Records; use of public records relating to schools for certain solicitatio…](https://policyrisk.com/state-bill/AL-SB272-2026rs) - [SB190: Sales Tax; to exempt Precision Ocular](https://policyrisk.com/state-bill/AL-SB190-2026rs) - [Alabama bills](https://policyrisk.com/states/alabama/bills) - [Alabama state hub](https://policyrisk.com/states/alabama) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/AL-HB415-2026rs (as of 2026-10-19).