(a) Suspension of an insurer's certificate of authority shall be for such period as is fixed by the commissioner in the order of suspension, but not to exceed one year from the date of suspension, unless the commissioner shortens or rescinds such suspension or the order upon which the suspension is based is modified, rescinded, or reversed.
(b) During the period of suspension the insurer shall file its annual statement, pay fees, licenses and taxes as required under this title as if the certificate had continued in full force, and it may service its outstanding policies and adjust losses thereunder.
(c) Upon expiration of the suspension period, if within such period the certificate of authority has not otherwise terminated, the insurer's certificate of authority shall automatically reinstate unless the commissioner finds that the causes of the suspension have not been removed or that the insurer is otherwise not in compliance with the requirements of this title, of which the commissioner shall give the insurer notice not less than 30 days in advance of the expiration of the suspension period. If not so automatically reinstated, the certificate of authority shall be deemed to have expired as of the end of the suspension period or upon failure of the insurer to continue the certificate during the suspension period, whichever event first occurs.
(d) Upon reinstatement of the insurer's certificate of authority, the authority of its agents in this state to represent the insurer shall likewise reinstate. The commissioner shall promptly notify the insurer and its agents in this state of record in the department of such reinstatement.
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.