(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 him, including a copy of the policy, certificate, cover note or other confirmation of insurance and of the daily report, if any, and showing such of the following items as may be applicable:
(1) Amount of the insurance and risks insured against;
(2) Gross premium charged;
(3) Return premium paid, if any;
(4) Rate of premium charged upon the several items of property;
(5) Effective date of the contract and the terms thereof;
(6) Name and address of the insurer;
(7) Name and address of the insured;
(8) Brief general description of property insured and where located;
(9) Amount of tax and other sums collected from the insured; and
(10) Other information as may be required by the commissioner.
(b) The record shall at all times be open to examination by the commissioner and shall be kept available and open to the commissioner for five years next following the issuance of the contract.
Structure Code of Alabama
Chapter 10 - Unauthorized Insurers and Surplus Lines.
Article 2 - Surplus Line Insurance.
Section 27-10-20 - Procuring of Surplus Lines From Unauthorized Insurers.
Section 27-10-21 - Report of Surplus Line Broker.
Section 27-10-22 - Endorsement of Surplus Line Contract.
Section 27-10-23 - Validity and Enforceability of Surplus Line Contracts.
Section 27-10-24 - Licensing of Surplus Line Brokers.
Section 27-10-25 - Acceptance and Placement of Surplus Line Business From Agents or Brokers.
Section 27-10-26 - Eligibility of Insurers for Placement of Surplus Line Insurance.
Section 27-10-28 - Liability of Insurer as to Losses and Unearned Premiums.
Section 27-10-29 - Records of Surplus Line Brokers.
Section 27-10-30 - Annual Statement of Surplus Line Broker.
Section 27-10-31 - Annual Tax of Surplus Line Brokers.
Section 27-10-32 - Revocation or Suspension of Surplus Line Broker's License.
Section 27-10-33 - Service of Process in Action or Proceeding Against Insurer.
Section 27-10-34 - Exemptions From Surplus Line Insurance Law.
Section 27-10-35 - Report Of, and Tax On, Independently Procured Coverages; Exceptions.
Section 27-10-36 - Production of Policies, etc., for Inspection by Commissioner.