Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-110 - RENEWAL OF LICENSE AND CONTINUING EDUCATION FOR PRODUCERS AND SERVICE REPRESENTATIVES
Section 482-1-110-.04 - Renewal Of Licenses
Universal Citation: AL Admin Code R 482-1-110-.04
Current through Register Vol. 42, No. 5, February 29, 2024
(1) All producers and service representatives licensed in the State of Alabama are required to complete an application for license renewal with the Department, which shall include the payment of the applicable fees, as set forth below:
(a) For individual producers and service
representatives, the biennial license renewal fee as required by
Code of Ala. 1975, §
27-8A-9(a)
(1) ........................ $
70.00
(b) For business entity
producers, the biennial renewal license fee as required by Code of
Ala. 1975, §
27-4-2(a)
(5) b.2...................................
$100.00
(2)
(a)
1. All
individual producers and service representatives shall renew their license
biennially based on their month and year of birth as indicated in subparagraphs
2 and 3, except an initial individual license shall not expire within the first
ninety (90) days of its effective date but will continue until the next
biennial expiration date.
2.
Licensees Born in Odd-numbered Years. The license of an insurance
representative born in an odd-numbered year will expire if not renewed at the
end of the licensee's birth month in every odd-numbered year.
3. Licensees Born in Even-numbered Years. The
license of an insurance representative born in an even-numbered year will
expire if not renewed at the end of the licensee's birth month in every
even-numbered year.
(b)
Notice is hereby given that beginning approximately ninety (90) days prior to
license expiration, individual licensees can access the Department's Web site
for the purpose of completing their application for license renewal.
(c) All individual licensees shall complete
an application for license renewal on the Department's Web site by the license
expiration date, to include payment of the applicable fee as set forth in
Paragraph (1). Any license not renewed by the license expiration date may still
be renewed during the first 30 days following expiration, with reinstatement
retroactive to the expiration date, but will be subject to a $50 late
fee.
(3)
(a) Expiration of Business Entity Producer
Licenses. All business entity producer licenses shall expire if not renewed on
December 31 of every even-numbered year, except an initial business entity
license issued on or after October 1 of an even-numbered year shall not expire
until December 31 of the next even-numbered year.
(b) Notice is hereby given that beginning on
October 15 next preceding license expiration, business entity producers can
access the Department's Web site for the purpose of completing their
application for license renewal.
(c) All business entity producers shall
complete an application for license renewal on the Department's Web site prior
to license expiration, to include payment of the applicable fee as set forth in
Paragraph (1). Any license not renewed by the license expiration date may still
be renewed during the first 30 days following expiration, with reinstatement
retroactive to the expiration date, but will be subject to a $50 late
fee.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-7-43, 27-8A-1, et seq.
Disclaimer: These regulations may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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