Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-111 - LICENSING OF LIMITED LINE CREDIT INSURANCE PRODUCERS
Section 482-1-111-.04 - Payment Of Commission

Universal Citation: AL Admin Code R 482-1-111-.04
Current through Register Vol. 42, No. 5, February 29, 2024

Commissions may be paid only to licensed insurance producers. A business entity must have at least one individual who is licensed as an insurance producer for a particular line of authority who has been designated responsible for the business entity's compliance with the insurance laws, rules and regulations of this state in order for the business entity to be licensed as an insurance producer for that particular line of authority. If this individual only holds a limited line credit insurance license, the business entity will only be qualified for a limited line credit insurance license.

Author: Reyn Norman, Associate Counsel

Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-7-43.

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