Code of Alabama - Title 27: Insurance - Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law

• Section 27-6B-1 Short title
  Sections 27-6B-2 to 27-6B-6, inclusive, of this chapter may be cited as the "Alabama Business Transacted With Producer Controlled Property and Casualty Insurer Law."
• Section 27-6B-2 Definitions
  As used in this chapter, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) ACCREDITED STATE. A state...
• Section 27-6B-3 Application of chapter to licensed insurer
  This chapter shall apply to any licensed insurer as defined in Section 27-6B-2, either domiciled in this state or domiciled in a state that is...
• Section 27-6B-4 Contract requirements
  (a) Unless there is a written contract between the controlling producer and the insurer approved by the board of directors of the insurer and specifying...
• Section 27-6B-5 Disclosure of relationship between producer and controlled insurer
  The producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and...
• Section 27-6B-6 Penalties
  (a) If the commissioner believes that the controlling producer or any other person has not materially complied with this chapter, or any regulation or order...

Last modified: May 3, 2021