(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 to file an annual statement or to remit the tax as required by law.
(2) If the broker fails to keep the records or to allow the commissioner to examine the broker's records as required by law.
(3) For any of the causes for which a producer's license may be revoked.
(b) The commissioner may suspend or revoke the broker's license if the commissioner finds that the broker has, willfully or without exercise of due care, placed any insurance coverage with an unauthorized insurer in violation of any of the requirements or conditions of Section 27-10-20.
(c) The procedures and rights provided by Section 27-7-19 as for the suspension or revocation of producers' licenses shall be applicable to suspension or revocation of a surplus line broker's license.
(d) No broker whose license has been so revoked shall again be so licensed within one year thereafter nor until any fines or delinquent taxes owing by the broker have been paid.
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.