27-10-24
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 commissioner to have had sufficient experience in the insurance business to
be competent for the purpose may be licensed as a surplus line broker for the types and kinds
of insurance that he or she as a resident producer is licensed to handle as follows: (1) Application
to the commissioner for the license shall be made on forms as designated and furnished by
the commissioner. (2) License fee in the amount stated in Section 27-4-2 shall be paid
to the commissioner. The license shall expire on December 31 next after its issue. (3) Prior
to the issuance of the license, the applicant shall file with the commissioner, and thereafter
for as long as any license remains in effect he or she shall keep in force and unimpaired,
a bond in favor of the State of Alabama in the penal sum of at least fifty...
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40-12-449
Section 40-12-449 Suspension, revocation, or denial of license. (a) Subject to the appeal
provisions allowed under Chapter 2A, the commissioner may suspend or revoke a license issued
for the willful and intentional failure of the licensee to comply with this article. (b) A
license may be revoked or a license application may be denied by the department for any of
the following reasons: (1) Fraud practiced or any material misstatement in the license application.
(2) Change of condition after a license is granted or the failure to maintain qualification
for the license. (3) Skipping title assignment; accepting an open assignment of title whereby
the seller has signed the title to transfer ownership without listing the purchaser in the
title assignment. (4) Having no established place of business. (5) Failing to properly keep
and maintain records. (6) Knowingly dealing in stolen motor vehicles, parts, or accessories.
(7) Willful failure to comply with this article or any rule adopted under...
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27-31B-11
Section 27-31B-11 Grounds and procedures for suspension or revocation of license. (a)
The license of a captive insurance company to do an insurance business in this state may be
suspended or revoked by the commissioner for any of the following reasons: (1) Insolvency
or impairment of capital or surplus. (2) Failure to meet the requirements of Section
27-31B-6. (3) Refusal or failure to submit an annual report, as required by Section
27-31B-9, or any other report or statement required by law or by lawful order of the commissioner.
(4) Failure to comply with its own charter, bylaws, or other organizational document. (5)
Failure to submit to examination or any legal obligation relative thereto, as required by
Section 27-31B-10. (6) Refusal or failure to pay the cost of examination, as required
by Section 27-31B-10. (7) Use of methods that, although not otherwise specifically
prohibited by law, nevertheless render its operation detrimental or its condition unsound
with respect to the...
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27-31C-4
Section 27-31C-4 Issuance of license - Requirements. (a)(1) The commissioner may not
issue a license to an Alabama Coastal Captive Insurance Company unless the company possesses
and maintains unimpaired paid-in capital of not less than one million dollars ($1,000,000);
however, in the case of an Alabama Coastal Captive Insurance Company formed as a sponsored
captive insurance company that does not assume any risk, where the risks insured by the protected
cells are homogenous, the commissioner may reduce this amount to an amount not less than five
hundred thousand dollars ($500,000). (2) a. Except for an Alabama Coastal Captive Insurance
Company formed as a sponsored captive insurance company that does not assume any risk, the
capital must be in the form of cash, cash equivalent, or an irrevocable letter of credit issued
by a bank chartered by this state or a member bank of the Federal Reserve System with a branch
office in this state or as approved by the commissioner. b. For an...
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27-45A-4
Section 27-45A-4 Licensure of pharmacy benefits managers. (a) (1) Effective January
1, 2020, to conduct business in this state, a pharmacy benefits manager must be licensed by
the commissioner. To initially obtain a license or renew a license, a pharmacy benefits manager
shall submit all of the following: a. A nonrefundable fee not to exceed $500. b. A copy of
the licensee's corporate charter, articles of incorporation, or other charter document. c.
A completed licensure form adopted by the commissioner containing: 1. The name and address
of the licensee. 2. The name, address, and official position of an employee who will serve
as the primary contact for the Department of Insurance. 3. Any additional contact information
deemed appropriate by the commissioner or reasonably necessary to verify the information contained
in the application. (2) The licensee shall inform the commissioner by any means acceptable
to the commissioner of any change in the information required by this subsection...
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27-7-1
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, association, partnership, limited liability company, limited liability partnership,
or other legal entity. (2) COMMISSIONER. The Alabama Commissioner of Insurance. (3) HOME STATE.
The District of Columbia and any state or territory of the United States in which an insurance
producer maintains his or her principal place of residence or principal place of business
and is licensed to act as an insurance producer. (4) INSURANCE. As defined in Section
27-1-2. (5) INSURANCE PRODUCER or PRODUCER. A person required to be licensed under the laws
of this state to sell, solicit, or negotiate insurance. (6) INSURER. As defined in Section
27-1-2. For the purposes of this chapter, insurer shall also mean an insurance company licensed
pursuant to Chapter 3, commencing with Section 27-3-1 of this title; a health...
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27-9-6
Section 27-9-6 License - Suspension, revocation or refusal to continue. Repealed by
Act 2011-637, §3, effective January 1, 2012. (a) The commissioner may suspend for not more
than 12 months or may revoke or refuse to continue any adjuster license if, after a hearing
held on not less than 20 days' advance notice to the licensee of such hearing and of the charges
against him by registered or certified mail as provided in subsection (c) of Section
27-2-18, he finds that as to the licensee any one or more of the following causes exist: (1)
For any cause for which issuance of the license could have been refused had it then existed
and been known to the commissioner; (2) For obtaining or attempting to obtain any such license
through misrepresentation or fraud; (3) For violation of or noncompliance with any applicable
provision of this title or for willful violation of any lawful rule, regulation, or order
of the commissioner; (4) For misappropriation or conversion to his own use or illegal...
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2-31-9
Section 2-31-9 Issuance or renewal of license by commissioner; posting of license and
certificate. If the commissioner is satisfied that the applicant is of good business reputation
and if the bond filed by the applicant is approved the commissioner shall issue a license
to the applicant or shall renew the applicant's license. Each person issued a license by the
commissioner under this section shall post such license in the principal office of
the grain dealer in this state. A certificate shall be posted in each location where the licensee
engages in the business of buying grain in the State of Alabama. Upon request by the licensee
and a payment of a $10.00 fee therefor, the commissioner shall issue to the licensee a certificate
that a license has been issued or renewed and a bond filed as required by this article. (Acts
1981, No. 81-391, p. 611, §9.)...
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27-25-4.7
Section 27-25-4.7 Fees. (a) The Commissioner of Insurance shall collect in advance the
following fees: (1) Title insurance agent licenses: a. Individuals: 1. Application fee (for
filing of initial application for license) ...$20 2. License fee (for issuance of original
license and each biennial renewal) ...$40 b. Business entities: 1. Application fee (for filing
of initial application for license) ...$20 2. License fee (for original license and each biennial
renewal) ...$100 c. Examination fee, an amount set by the commissioner not to exceed...$100
d. Late renewal fee, to be paid by each title insurance agent failing to make a timely renewal
of license...$50 (2) Title insurance agent appointment fee: a. Filing notice of appointment
...$30 b. Annual continuation of appointment ...$10 (3)...
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40-12-396
Section 40-12-396 License - Suspension or revocation; reasons for revocation or denial
of license. (a) The commissioner may, subject to the appeal provisions allowed in Chapter
2A of this Title 40, suspend or revoke any license issued for the willful and intentional
failure of the licensee to comply with the provisions of this article or for the willful failure
to maintain the business premises, location, and sign as described in the application. (b)
A license may be revoked or a license application may be denied by the Department of Revenue
for any of the following reasons: (1) Fraud practiced or any material misstatement in license
application. (2) Change of condition after a license is granted or the failure to maintain
qualification for the license. (3) Skipping title assignment; accepting open assignment of
title and/or bill of sale for a motor vehicle which is not completed by identifying the licensee
as the purchaser or assignee of the motor vehicle. (4) Having no established...
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