Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-148 - TITLE INSURANCE AGENTS
Section 482-1-148-.08 - Renewal Of Licenses
Universal Citation: AL Admin Code R 482-1-148-.08
Current through Register Vol. 43, No. 02, November 27, 2024
(1) All title insurance agents licensed in the State of Alabama are required to submit a completed application for license renewal with the Department and remit fees required in Code of Ala. 1975, § 27-25-4.7(a)(1), adjusted according to Ala. Code 1975, § 41-1-11, as set forth below:
(a) For individual licensees:
1. For renewals received on or before the
license expiration date, the biennial license renewal fee $47
2. For renewals received during the first 30
days following the license expiration date, the biennial license renewal fee
plus the $59 late renewal fee $106
3. For reinstatements received after the
first 30 days following the license expiration date but within 12 months
following the license expiration date, double the biennial license renewal fee
[as required in Code of Ala. 1975, §
27-25-4.2(d)]
$94
(b) For business
entity licensees:
1. For renewals received on
or before the license expiration date, the biennial renewal license fee
$118
2. For renewals received
during the first 30 days following the license expiration date, the biennial
license renewal fee plus the $59 late renewal fee [as required in Ala. Code
§
27-25-4.2(d)]
$177
(2) Expiration of Individual Title Insurance Agent Licenses.
(a)
1. All
individual licensees shall renew their license biennially based on their month
and year of birth.
2. Licensees
Born in Even-numbered Years. The license of an individual licensee 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.
3. Licensees Born in Odd-numbered Years. The
license of an individual licensee 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.
(b) Notice is
hereby given that beginning approximately ninety (90) days prior to license
expiration, individual licensees may access the Department's Web site for the
purpose of completing their application for license renewal. An initial
individual license shall not expire within the first ninety (90) days of its
effective date.
(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).
(3) Expiration of Business Entity Title Insurance Agent Licenses.
(a) All business
entity title insurance agent 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 1 next preceding license expiration, business entity licensees may
access the Department's Web site for the purpose of completing their
application for license renewal.
(c) All business entity licensees 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, by paying the applicable fee set forth in
paragraph (1).
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§ 27-5-4 to 27-25-4.8, 27-25-8, & 41-1-11.
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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