(a) Suspension or revocation of an insurer's certificate of authority shall be by the commissioner's order given to the insurer as provided by Section 27-2-18. The commissioner shall promptly also give notice of such suspension or revocation to the insurer's agents in this state of record in the commissioner's office. The insurer shall not solicit or write any new coverages in this state during the period of any such suspension or revocation.
(b) In his discretion, the commissioner may cause notice of any such revocation to be published in one or more newspapers of general circulation published in this state.
(c) Upon revocation or suspension of the certificate of authority of a surety insurer, the commissioner shall so notify each officer in this state authorized to approve official bonds by circular letter stating the grounds of such suspension or revocation.
Structure Code of Alabama
Chapter 3 - Authorization of Insurers.
Section 27-3-1 - Certificate of Authority - Requirement.
Section 27-3-2 - Certificate of Authority - Exceptions - Generally.
Section 27-3-4 - Authority to Transact Insurance - Eligibility.
Section 27-3-5 - Authority to Transact Insurance - Use of Name by Insurer.
Section 27-3-6 - Authority to Transact Insurance - Kind or Combinations of Kinds - Restrictions.
Section 27-3-8 - Authority to Transact Insurance - Kind or Combinations of Kinds - Special Surplus.
Section 27-3-9 - Minimum Capital and Surplus for New Domestic Stock Life Insurance Company.
Section 27-3-11 - Deposit Requirements - Generally.
Section 27-3-12 - Deposit Requirements - Special Deposit - Surety Insurers.
Section 27-3-13 - Deposit Requirements - Special Deposit - Title Insurers.
Section 27-3-14 - Deposit Requirements - Alien Insurers - Generally.
Section 27-3-15 - Deposit Requirements - Alien Insurers - Trusteed Assets.
Section 27-3-16 - Lloyd's Insurers.
Section 27-3-17 - Application for Certificate of Authority - Filing.
Section 27-3-19 - Continuance, Expiration, Reinstatement and Amendment of Certificates.
Section 27-3-20 - Suspension or Revocation of Certificates - Mandatory Grounds; Notice and Hearing.
Section 27-3-21 - Suspension or Revocation of Certificates - Additional Grounds; Notice and Hearing.
Section 27-3-22 - Suspension or Revocation of Certificates - Order and Notices.
Section 27-3-24 - Service of Process on Insurers - Appointment of Commissioner as Agent.
Section 27-3-25 - Service of Process on Insurers - How Served; Time to Answer or Plead.
Section 27-3-26 - Annual Statement of Insurers; Furnishing of Other Information on Request.
Section 27-3-26.1 - Annual Submission of Statement of Actuarial Opinion; Application for Exemption.
Section 27-3-27 - Insurers to Do Business Through Licensed Agents, etc.; Exceptions.
Section 27-3-28 - Execution of Contracts Through Countersigning Resident Agent; Exceptions.