This act amends Sections 27-31B-3, 27-31B-6, 27-31B-8, and 27-31B-9, Code of Alabama 1975, to: (1) further provide requirements that captive insurance companies must satisfy to conduct business in the state, including banking, employment, ownership, recordkeeping, and background requirements and submitting an operation plan detailing insurance types and limits, financial statements, and investment, underwriting, and rate making policies; (2) increase the amount of capital and surplus that pure captive insurance companies must possess from $100,00 to $250,000, that reinsurance captive insurance companies must possess from $10,000 to $1,000,000, and that protected cell captive insurance companies must possess from $100,000 to $250,000, or an amount determined by the Commissioner of Insurance; (3) require branch captive insurance companies to possess at least $250,000 of capital and surplus and risk retention groups to possess at least $1,000,000 of capital and surplus, or an amount determined by the Commissioner of Insurance; (4) provide additional criteria for the commissioner to consider when determining if captive insurance companies will promote the general good of the state, including examining the competence of contractors and legal counsels and the company's business plans; and (5) require annual audits of a captive insurers' financial conditions and annual certification of loss reserves and loss expense reserves.

Cleburne County; Cleburne County Economic Development Authority, established

Crimes and offenses; obscene material, possession with intent to distribute amended

Henry County; disposition of special transaction fees further provided for

Competitive bidding; purchase and installation of playground equipment by public K-12 schools, exempted

Self-Service Storage Facilities Act; rights of self-storage facility operators further provided for, publication requirements for notice of sale of certain property revised

This act amends Sections 11-43-144, 36-30-40, and 36-30-41, Code of Alabama 1975, to add Parkinson’s Disease to the list of occupational diseases for which municipal and state firefighters may receive disability benefits or, in the case of death, for which these firefighters’ dependents may receive line of duty death benefits.

Lieutenant Governor, vacancy in office, require the office be filled by election in certain circumstances

Ethics, eliminate certain notification requirement for candidates to Ethics Commission when otherwise in compliance with law

This act proposes an amendment to the Constitution of Alabama of 2022, to: (1) require local boards of education to adopt policies requiring each public K-12 school to conduct the Pledge of Allegiance to the United States flag at the beginning of each day; (2) require local boards of education to adopt policies requiring each public K-12 school to allow a student initiated and led prayer so long as no student is required to participate; and (3) require that any policy adopted under this act allows students to opt out of participating based on their own beliefs.

Solid waste utility fees; remedies for nonpayment of fees provided, penalties for failure to pay fees revised

Unauthorized entry of a critical infrastructure facility; reservoirs removed from list of facilities

This act proposes an amendment to the Constitution of Alabama of 2022, relating to Clarke County, to authorize qualified taxpayers 65 years of age or older to claim a senior property tax exemption for single-family owner-occupied residential property beginning October 1, 2027, subject to certain conditions.

Montgomery County; judge of probate, credit card use authorized

Income taxes, state income tax credit for qualified rehabilitation expenses of certified historic properties extended, annual credit amount increased