™Your Policy Risk Impact Agent
93 chapters · 1,453 sections in this title.
Ala. Code § 27-7-30.4 Failure to Report, Etc
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An insurer, the authorized representative of the insurer, or producer that fails to report as required under the provisions of Section 27-7-30, or that is found to have reported with actual malice by a court of competent jurisdiction may, after notice and hearing, have its licens…
Ala. Code § 27-7-33 Records
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(a) A producer shall keep for a period of not less than three years, or two years for business produced under limited lines credit insurance authority, at his or her place of business complete records pertaining to transactions under the producer’s license. (b) Upon the commissio…
Ala. Code § 27-7-34 Placing of Insurance by Producer Not Appointed
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(a) On an occasional basis, a producer may place with an insurer for which he or she is not appointed only a kind of insurance or classification thereof for which the producer is licensed by placing the insurance through a duly appointed producer of the insurer. (b) In addition t…
Ala. Code § 27-7-35 Division or Sharing of Commissions by Licensees
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(a) No licensee shall divide with others or share in any commissions payable on account of the exercise of a license under this title except a producer may divide or share in the commissions with other producers licensed as to the same kinds of insurance or classifications thereo…