™Your Policy Risk Impact Agent
93 chapters · 1,453 sections in this title.
Ala. Code § 27-6A-1 Short Title
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Sections 27-6A-2 through 27-6A-8, inclusive, of this chapter may be cited as the “Alabama Managing General Agents Act.” (Acts 1993, No. 93-675, p. 1240, §9.)
Ala. Code § 27-6A-2 Definitions
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As used in this chapter, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) ACTUARY. A person who is a member in good standing of the American Academy of Actuaries. (2) INSURER. A person defined in subdivisions…
Ala. Code § 27-6A-3 Licensure Requirements
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(a) No person, firm, association, or corporation shall act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless then licensed in this state as a managing general agent of the insurer. (b) No person, f…
Ala. Code § 27-6A-4 Contract Requirements
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No person, firm, association, or corporation acting in the capacity of a managing general agent shall place business with an insurer unless there is in force a written contract between the parties that sets forth the responsibilities of each party and where both parties share res…