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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