Insurance & Financial Services

 

 

 

Insurance and Financial Services

In 1942, the Alabama League of Municipalities established the Municipal Revenue Service to provide necessary investigations to collect unpaid and escaped delinquent insurance license taxes from insurance companies doing business in Alabama's municipalities. In 1976 the Municipal Workers Compensation Fund (MWCF) was created to provide workers compensation insurance coverage to municipalities, housing authorities, utility boards and other city agencies and in 1989 the Alabama Municipal Insurance Corporation (AMIC) was founded as a mutual insurance company to write all lines of insurance. In 2006 the League established the Alabama Municipal Funding Corporation (AMFund) to assist Alabama municipalities with funding local projects and purchases through low-cost financing.