Code of Alabama - Title 27: Insurance - Chapter 10 - Unauthorized Insurers and Surplus Lines

• Article 1 General Provisions.
• Section 27-10-1 Representing or aiding unauthorized insurer not allowed; exceptions; validity of contracts
  (a) No person shall in this state, directly or indirectly, act as agent for, or otherwise represent or aid on behalf of another, any insurer...
• Section 27-10-2 Liability of persons violating Section 27-10-1; liability of adjusters
  (a) Any person who in this state willfully represents or aids an unauthorized insurer in violation of Section 27-10-1 shall, in addition to any other...
• Section 27-10-3 Actions by unauthorized insurers not allowed; exceptions
  (a) No unauthorized insurer shall institute or file, or cause to be instituted or filed, any action or proceeding in this state to enforce any...
• Article 2 Surplus Line Insurance.
• Section 27-10-20 Procuring of surplus lines from unauthorized insurers
  If certain insurance coverages cannot be procured on terms acceptable to the insureds from authorized insurers, such coverages, designated "surplus lines," may be procured from...
• Section 27-10-21 Report of surplus line broker
  Within 30 days after the effective date of any such insurance, the surplus line broker shall file a written report with the commissioner setting forth...
• Section 27-10-22 Endorsement of surplus line contract
  Every insurance contract procured and delivered as a surplus line coverage pursuant to this article shall be initialed by, or bear the name and license...
• Section 27-10-23 Validity and enforceability of surplus line contracts
  Insurance contracts procured as "surplus line" coverages from unauthorized insurers in accordance with this article shall be fully valid and enforceable as to all parties...
• Section 27-10-24 Licensing of surplus line brokers
  (a) Any person, while licensed as a resident insurance producer in this state for the property lines of authority and who is deemed by the...
• Section 27-10-25 Acceptance and placement of surplus line business from agents or brokers
  A licensed surplus line broker may accept and place surplus line business for any insurance producer licensed in this state for the kind and class...
• Section 27-10-26 Eligibility of insurers for placement of surplus line insurance
  (a) A surplus line broker shall not knowingly place surplus line insurance with an insurer that is unsound financially, or that is ineligible under this...
• Section 27-10-27 Evidence of surplus line insurance; changes; issuance of false certificate and failure to notify insured of material change
  (a) Upon placing a surplus line coverage, the broker shall promptly issue and deliver to the insured evidence of the insurance, consisting either of the...
• Section 27-10-28 Liability of insurer as to losses and unearned premiums
  (a) As to a surplus line risk which has been assumed by an unauthorized insurer pursuant to this surplus line insurance law and if the...
• Section 27-10-29 Records of surplus line brokers
  (a) Each surplus line broker shall keep in his office in this state a full and true record of each surplus line contract procured by...
• Section 27-10-30 Annual statement of surplus line broker
  (a) Each surplus line broker shall, on or before the first day of March of each year, file with the commissioner a verified statement of...
• Section 27-10-31 Annual tax of surplus line brokers
  (a) On or before the first day of March each year, the surplus line broker shall remit to the State Treasurer through the commissioner, as...
• Section 27-10-32 Revocation or suspension of surplus line broker's license
  (a) The commissioner may revoke or suspend any surplus line broker's license for any one or more of the following: (1) If the broker fails...
• Section 27-10-33 Service of process in action or proceeding against insurer
  (a) Any unauthorized insurer issuing a policy or assuming a direct insurance risk under this surplus line law shall be deemed thereby to have appointed...
• Section 27-10-34 Exemptions from surplus line insurance law
  The provisions of this surplus line insurance law controlling the placing of insurance with unauthorized insurers shall not apply to reinsurance or to the following...
• Section 27-10-35 Report of, and tax on, independently procured coverages; exceptions
  (a) Anyone who may desire to place his insurance in a foreign insurer not authorized to do business in this state may place such insurance,...
• Section 27-10-36 Production of policies, etc., for inspection by commissioner
  Every person as to whom insurance is placed with an unauthorized insurer, upon the commissioner's order, shall produce for his examination all policies and other...
• Section 27-10-37 Penalty for violation of article
  (a) Any person who in this state represents or aids a nonadmitted insurer in willful violation of the provisions of this surplus lines insurance law...
• Section 27-10-38 Short title
  This article constitutes, and may be referred to as, "the surplus line insurance law."
• Article 3 Unauthorized Insurers Process Act.
• Section 27-10-50 Purpose
  The purpose of this article is to subject certain insurers to the jurisdiction of courts of this state in actions by, or on behalf of,...
• Section 27-10-51 Acts constituting appointment of commissioner as agent for service of process on foreign or alien insurer
  Any of the following acts in this state, effected by mail or otherwise, by an unauthorized foreign or alien insurer: (1) The issuance or delivery...
• Section 27-10-52 Service of process upon insurer; judgment by default
  (a) Service of process upon an insurer pursuant to Section 27-10-51 shall be made by delivering to, and leaving with, the commissioner, or some person...
• Section 27-10-53 Defense of action or proceeding by insurer
  (a) Before an unauthorized insurer shall file, or cause to be filed, any pleading in any action or proceeding instituted against it under Sections 27-10-51...
• Section 27-10-54 Transaction of insurance business not authorized by article
  Nothing in the Unauthorized Insurers Process Act shall be construed to authorize or permit the transaction of any insurance business in this state by any...
• Section 27-10-55 Exemptions
  This Unauthorized Insurers Process Act shall not apply as to surplus line insurance lawfully effectuated under this title nor to any action or proceeding against...
• Section 27-10-56 Short title; construction of article
  (a) This article constitutes and may be cited as the Unauthorized Insurers Process Act. (b) This article shall be so interpreted as to effectuate its...

Last modified: May 3, 2021