Code of Alabama - Title 27: Insurance - Chapter 7 - Property, Casualty and Surety Insurance Representatives

• Section 27-7-1 Definitions
  For the purposes of this chapter, the following terms shall have the meanings respectively ascribed to them by this section: (1) BUSINESS ENTITY. A corporation,...
• Section 27-7-2 Applicability of chapter
  (a) This chapter governs the qualifications and procedures for the licensing of insurance producers and service representatives. It simplifies and organizes some statutory language to...
• Section 27-7-3 Applicability of provision on insurance vending machines
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-4 Licenses - Requirement; forms
  (a) No person shall in this state sell, solicit, or negotiate insurance for any class or classes of insurance unless the person is then licensed...
• Section 27-7-4.1 Licenses - Required to receive payment, etc
  (a) No insurer or producer shall pay, directly or indirectly, any commission or other valuable consideration to any person for services as a producer or...
• Section 27-7-4.2 Licenses - Applicability to insurance producer
  (a) Nothing in this chapter shall be construed to require an insurer to obtain an insurance producer license. In this section, the term "insurer" does...
• Section 27-7-4.3 Licenses - Insurance producer examination
  (a) A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to Section 27-7-5 or 27-7-29.1. The examination...
• Section 27-7-4.4 Fingerprints
  (a) In order to make a determination of insurance producer license eligibility, the commissioner is authorized to require fingerprints of initial resident applicants for an...
• Section 27-7-5 Licenses - Qualifications
  (a) An individual applying for a resident insurance producer license shall make application to the commissioner on the Uniform Application, and an individual applying for...
• Section 27-7-5.1 Licenses - Limited license for motor vehicle rental companies
  (a) As used in this section, the following terms shall have the following meanings: (1) RENTAL AGREEMENT. Any written agreement setting forth the terms and...
• Section 27-7-5.2 Licenses - Limited license for travel insurance producers
  (a) As used in this section, the following terms shall have the following meanings: (1) OFFER AND DISSEMINATE. Provide general information, including a description of...
• Section 27-7-5.3 Licenses - Limited license for self-service storage facility
  (a) As used in this section, the following terms shall have the following meanings: (1) LIMITED LICENSEE. A person or entity authorized to sell certain...
• Section 27-7-6 Licenses - Artificial entities
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-7 Licenses - Application - Generally; fees
  Repealed by Act 2001-702, p. 1509, § 6, effective January 1, 2002. (a) The commissioner shall not issue any license except upon application therefor as...
• Section 27-7-8 Licenses - Application - Statement of appointing insurer for agent
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-9 Licenses - Application - Statement of appointing agent or broker for solicitor
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-10 Licenses - Examination - Scope; notification; when given
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-10.1 Licenses - Examination - Waiting period for person failing two examinations
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-11 Licenses - Examination - Study materials; contents; conduct; grading
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-12 Licenses - Examination - Renewal or continuation
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-13 Licenses - Examination - Exemptions; exception
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-14 Licenses - Examination - Consultations with experienced persons
  The commissioner shall, from time to time as an aid to the efficient administration of this chapter, consult with individuals experienced in the insurance business,...
• Section 27-7-14.1 Licenses - Lines of authority; renewal
  (a) Unless denied licensure pursuant to Section 27-7-19, persons who have met the requirements of Sections 27-7-4.3 and 27-7-5 shall be issued an insurance producer...
• Section 27-7-14.2 Validity of existing licenses for automobile and industrial fire lines of authority
  (a) Every license for the automobile and industrial fire lines of authority in force immediately prior to January 1, 2013, and existing under any law...
• Section 27-7-15 Licenses - Issuance or refusal
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-16 Licenses - Reapplication or reexamination upon denial; fees therefor
  Repealed by Acts 1991, No. 91–483, p. 875, § 3, effective July 29, 1991.
• Section 27-7-17 Licenses - Contents; centralized producer license registry
  (a) The license of a producer or service representative shall state the name and address of the licensee, the personal identification number, date of issuance,...
• Section 27-7-18 Licenses - Continuation and expiration; exception
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-19 Licenses - Penalties
  (a) The commissioner may place on probation, refuse to issue or renew, suspend, or revoke the license of any licensee under this chapter, or may...
• Section 27-7-20 Licenses - Proceedings to suspend or revoke
  Repealed by Act 2012-312, §5, effective January 1, 2013.
• Section 27-7-21 Licenses - Notice of refusal to renew or of suspension or revocation
  Repealed by Act 2012-312, §5, effective January 1, 2013.
• Section 27-7-22 Licenses - Return for cancellation; affidavit in lieu thereof
  (a) All licenses issued under this chapter, though issued to a licensee, at all times are the property of the State of Alabama, and upon...
• Section 27-7-23 Temporary license - Generally
  (a) The commissioner may, in his or her discretion, issue a temporary producer license without requiring an examination or prelicensing course if the commissioner deems...
• Section 27-7-24 Temporary license - Pending examination of agent
  (a) The commissioner may, in his or her discretion, issue a temporary license as producer to an applicant who is qualified for the license except...
• Section 27-7-25 Temporary license - Agent properly licensed in another state
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-27 Solicitors
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-28 Nonresident agents or brokers - License generally
  (a) Unless denied licensure pursuant to Section 27-7-19, a nonresident person shall receive a nonresident producer license if all of the following are satisfied: (1)...
• Section 27-7-29 Nonresident agents or brokers - Service of process
  (a) Each licensed nonresident producer shall be considered to have performed acts equivalent to and constituting an appointment of the commissioner as his or her...
• Section 27-7-29.1 Exemptions for individuals licensed in other state
  (a) An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another...
• Section 27-7-29.2 Notification of assumed name
  An insurance producer doing business under any name other than the producer's legal name is required to notify the commissioner prior to using the assumed
• Section 27-7-30 Appointment of producer - Generally
  (a) Each insurer appointing a producer in this state shall file with the commissioner, in a format approved by the commissioner, a notice of appointment...
• Section 27-7-30.1 Appointment of producer - Notification of termination
  (a) Within 15 days after making the notification required by subsection (e) of Section 27-7-30, the insurer shall mail a copy of the notification to...
• Section 27-7-30.2 Liability for disclosure of information, etc
  (a) In the absence of actual malice, an insurer, the authorized representative of the insurer, a producer, the commissioner, or an organization of which the...
• Section 27-7-30.3 Confidentiality and disclosure of information
  (a) Any documents, materials, or other information in the control or possession of the department that is furnished by an insurer, producer, or an employee...
• Section 27-7-30.4 Failure to report, etc
  An insurer, the authorized representative of the insurer, or producer that fails to report as required under the provisions of Section 27-7-30, or that is...
• Section 27-7-31 Rights of agent following termination of appointment; exception
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-32 Place of business; display of license
  Repealed by Act 2001-702, p. 1509, §16, effective January 1, 2002.
• Section 27-7-33 Records
  (a) A producer shall keep for a period of not less than three years, or two years for business produced under limited lines credit insurance...
• Section 27-7-34 Placing of insurance by producer not appointed
  (a) On an occasional basis, a producer may place with an insurer for which he or she is not appointed only a kind of insurance...
• Section 27-7-35 Division or sharing of commissions by licensees
  (a) No licensee shall divide with others or share in any commissions payable on account of the exercise of a license under this title except...
• Section 27-7-35.1 Payment of commission, etc., to person not licensed
  (a) An insurance company or insurance producer shall not pay a commission, service fee, brokerage, or other valuable consideration to a person for selling, soliciting,...
• Section 27-7-36 Accounting for and payment of trust funds by licensees
  (a) All premiums, return premiums, or other funds belonging to others received by a producer in transactions under the producer's license shall be trust funds...
• Section 27-7-37 Complaints against licensees; notice, hearing, and orders thereon
  (a) The department shall institute a proceeding against a licensee for the imposition of licensee penalties by filing and serving a complaint as to the...
• Section 27-7-38 Privileged information
  (a) Any communications, complaint, evidence, testimony, document, deposition, affidavit, statement, or other proof filed, given, or proffered at the hearing provided for in Section 27-7-37...
• Section 27-7-39 Reporting of administrative action, etc
  (a) A producer shall report to the commissioner any administrative action taken against the producer in another jurisdiction or by another governmental agency in this...
• Section 27-7-40 Disposition of fines
  All fines collected pursuant to this chapter shall be deposited to the credit of the State General Fund.
• Section 27-7-41 Validity of certain licenses, appointments
  (a) Every agent, broker, and solicitor license in force immediately prior to January 1, 2002, and existing under any law repealed or amended by Act...
• Section 27-7-42
  Any law of this state remaining in force after January 1, 2002, which refers to an insurance agent or broker required prior to January 1,...
• Section 27-7-43 Rules and regulations under amendatory act
  (a) The commissioner may adopt reasonable rules and regulations for the implementation and administration of Act 2001-702. (b) Prior to the adoption, amendment, or repeal...
• Section 27-7-44 Rules and regulations governing disclosure of nonpublic personal information
  Subject to the requirements of subsection (b) of Section 27-7-43, the commissioner may make reasonable rules and regulations for any person engaged in providing insurance...

Last modified: May 3, 2021