(a) Unless denied licensure pursuant to Section 27-7-19, persons who have met the requirements of Sections 27-7-4.3 and 27-7-5 shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one or more of the following lines of authority:
(1) LIFE. Insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income.
(2) ACCIDENT AND HEALTH OR SICKNESS, commonly known as disability. Insurance coverage for sickness, bodily injury, or accidental death and may include benefits for disability income.
(3) PROPERTY. Insurance coverage for the direct or consequential loss or damage to property of every kind.
(4) CASUALTY. Insurance coverage against legal liability, including that for death, injury, or disability or damage to real or personal property, and surety.
(5) VARIABLE LIFE and VARIABLE ANNUITY PRODUCTS. Insurance coverage provided under variable life insurance contracts and variable annuities.
(6) PERSONAL LINES. Property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes.
(7) CREDIT. Limited line credit insurance.
(8) BAIL BOND. Surety coverage for bail, as defined in Chapter 13 of Title 15.
(9) RENTAL VEHICLE. As described in Section 27-7-5.1.
(10) CROP. Insurance providing protection against damage to crops from unfavorable weather conditions, fire, or lightning, flood, hail, insect infestation, disease or other yield-reducing conditions or peril provided by the private insurance market, or that is subsidized by the Federal Crop Insurance Corporation, including Multi-Peril Crop Insurance.
(11) PORTABLE ELECTRONICS. As defined in Section 27-22A-1.
(12) TRAVEL. As described in Section 27-7-5.2.
(13) Any other line of insurance permitted under state laws or regulations.
(b) Unless denied licensure pursuant to Section 27-7-19, persons who have met the requirements of Section 27-7-5 shall be issued a service representative license. A service representative shall receive qualification for a license in the following lines of authority:
(1) PROPERTY. Insurance coverage for the direct or consequential loss or damage to property of every kind.
(2) CASUALTY. Insurance coverage against legal liability, including that for death, injury, or disability or damage to real or personal property, and surety.
(c) An insurance producer or service representative license shall remain in effect unless revoked or suspended as long as the license renewal fee set forth in Section 27-8A-9 is paid and education requirements for resident individual producers and service representatives set forth in Chapter 8A of this title are met by the due date.
(d) An individual insurance producer who allows his or her license to lapse may, within 12 months from the due date of the renewal fee, reinstate the same license without the necessity of completing the prelicensing course or passing a written examination; a service representative who allows his or her license to lapse may, within 12 months from the due date of the renewal fee, reinstate the same license without the necessity of completing the prelicensing course; however, a penalty in the amount of double the unpaid renewal fee shall be required for any renewal fee received after the due date.
(e) A licensed insurance producer or service representative who is unable to comply with license renewal procedures due to military service or some other extenuating circumstance, e.g., a long-term medical disability, may request a waiver of those procedures. The producer or service representative may also request a waiver of any examination requirement or any other fine or sanction imposed for failure to comply with renewal procedures.
Structure Code of Alabama
Chapter 7 - Property, Casualty and Surety Insurance Representatives.
Section 27-7-2 - Applicability of Chapter.
Section 27-7-3 - Applicability of Provision on Insurance Vending Machines.
Section 27-7-4 - Licenses - Requirement; Forms.
Section 27-7-4.1 - Licenses - Required to Receive Payment, Etc.
Section 27-7-4.2 - Licenses - Applicability to Insurance Producer.
Section 27-7-4.3 - Licenses - Insurance Producer Examination.
Section 27-7-4.4 - Fingerprints.
Section 27-7-5 - Licenses - Qualifications.
Section 27-7-5.1 - Licenses - Limited License for Motor Vehicle Rental Companies.
Section 27-7-5.2 - Licenses - Limited License for Travel Insurance Producers.
Section 27-7-5.3 - Licenses - Limited License for Self-Service Storage Facility.
Section 27-7-6 - Licenses - Artificial Entities.
Section 27-7-7 - Licenses - Application - Generally; Fees.
Section 27-7-8 - Licenses - Application - Statement of Appointing Insurer for Agent.
Section 27-7-9 - Licenses - Application - Statement of Appointing Agent or Broker for Solicitor.
Section 27-7-10 - Licenses - Examination - Scope; Notification; When Given.
Section 27-7-10.1 - Licenses - Examination - Waiting Period for Person Failing Two Examinations.
Section 27-7-11 - Licenses - Examination - Study Materials; Contents; Conduct; Grading.
Section 27-7-12 - Licenses - Examination - Renewal or Continuation.
Section 27-7-13 - Licenses - Examination - Exemptions; Exception.
Section 27-7-14 - Licenses - Examination - Consultations With Experienced Persons.
Section 27-7-14.1 - Licenses - Lines of Authority; Renewal.
Section 27-7-15 - Licenses - Issuance or Refusal.
Section 27-7-16 - Licenses - Reapplication or Reexamination Upon Denial; Fees Therefor.
Section 27-7-17 - Licenses - Contents; Centralized Producer License Registry.
Section 27-7-18 - Licenses - Continuation and Expiration; Exception.
Section 27-7-19 - Licenses - Penalties.
Section 27-7-20 - Licenses - Proceedings to Suspend or Revoke.
Section 27-7-21 - Licenses - Notice of Refusal to Renew or of Suspension or Revocation.
Section 27-7-22 - Licenses - Return for Cancellation; Affidavit in Lieu Thereof.
Section 27-7-23 - Temporary License - Generally.
Section 27-7-24 - Temporary License - Pending Examination of Agent.
Section 27-7-25 - Temporary License - Agent Properly Licensed in Another State.
Section 27-7-28 - Nonresident Agents or Brokers - License Generally.
Section 27-7-29 - Nonresident Agents or Brokers - Service of Process.
Section 27-7-29.1 - Exemptions for Individuals Licensed in Other State.
Section 27-7-29.2 - Notification of Assumed Name.
Section 27-7-30 - Appointment of Producer - Generally.
Section 27-7-30.1 - Appointment of Producer - Notification of Termination.
Section 27-7-30.2 - Liability for Disclosure of Information, Etc.
Section 27-7-30.3 - Confidentiality and Disclosure of Information.
Section 27-7-30.4 - Failure to Report, Etc.
Section 27-7-31 - Rights of Agent Following Termination of Appointment; Exception.
Section 27-7-32 - Place of Business; Display of License.
Section 27-7-34 - Placing of Insurance by Producer Not Appointed.
Section 27-7-35 - Division or Sharing of Commissions by Licensees.
Section 27-7-35.1 - Payment of Commission, etc., to Person Not Licensed.
Section 27-7-36 - Accounting for and Payment of Trust Funds by Licensees.
Section 27-7-37 - Complaints Against Licensees; Notice, Hearing, and Orders Thereon.
Section 27-7-38 - Privileged Information.
Section 27-7-39 - Reporting of Administrative Action, Etc.
Section 27-7-40 - Disposition of Fines.
Section 27-7-41 - Validity of Certain Licenses, Appointments.
Section 27-7-43 - Rules and Regulations Under Amendatory Act.
Section 27-7-44 - Rules and Regulations Governing Disclosure of Nonpublic Personal Information.