AL Insurance Bulletin No. 2026-05

Audit and Examination Fees

Year: 2026Length: 294 wordsOfficial source
ALDOI ALABAMA DEPARTMENT OF INSURANCE 201 MONROE STREET, SUITE 502 POST OFFICE BOX 303351 MONTGOMERY, AL 36130-3351 PHONE: (334) 269-3550 WWW.ALDOI.GOV GOVERNOR KAY IVEY COMMISSIONER MARK FOWLER DEPUTY COMMISSIONERS LARRY CHAPMAN RICHARD FIORE DUSTY SMITH TODRICK BURKS CHIEF EXAMINER SHEILA TRAVIS STATE FIRE MARSHAL SCOTT F. PILGREEN GENERAL COUNSEL REYN NORMAN ## BULLETIN NO. 2026-05 TO: All Insurers FROM: Mark Fowler Commissioner of Insurance DATE: July 17, 2026 EFFECTIVE: October 1, 2026 RE: Audit and Examination Fees Rescinds: Bulletin No. 2021-08, dated July 29, 2021 1. Upon the effective date of this bulletin, Bulletin No. 2021-08 dated July 29, 2021, is rescinded and replaced by this Bulletin. 2. In addition to the fees prescribed in Ala. Code §27-4-2, the following audit and examination fees are hereby required by this Department: (a) Filing of Annual Financial Statements: (1) Captive insurers, mutual aid associations and fraternal benefit societies ... $500 (2) Health Maintenance Organizations ... $600 (3) All other insurers, including health care service plans ... $1,500 (b) Other filings: (1) Quarterly financial statements ... $150 (2) Market Conduct Annual Statement (MCAS) ... $250 (3) Corporate Governance Annual Disclosure (CGAD) ... $150 (4) Own Risk and Solvency Assessment (ORSA) ... $600 (5) Insurance Data Security Certification ... $300 [LOGO] Alabama Department of Insurance Established 1897 Bulletin No. 2026-05 July 17, 2026 Page 2 (6) Applications for original certificate of authority (other than captive insurers) ... $2,500 (7) Captive insurer applications for original certificate of authority ... $400 (8) Foreign Insurer Examination Reports ... $350 (9) Applications for accepted reinsurer status ... $450 (10) Managing General Agent filings ... $300 3. The above fees are to be submitted contemporaneous with each filing. For detailed information regarding the submission of payment, please visit the Department's Website: www.aldoi.gov. RMF/ST/RN/bc
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