Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-148 - TITLE INSURANCE AGENTS
Section 482-1-148-.11 - Appointments

Universal Citation: AL Admin Code R 482-1-148-.11

Current through Register Vol. 43, No. 02, November 27, 2024

(1) All title insurance agents, including individuals and business entities, must be appointed by any and all title insurers they represent.

(2) All appointments are handled on-line through NIPR.

(3) The notice of appointment shall be completed by the insurer within 15 days from the date the agency contract is executed or the first insurance application is submitted, whichever occurs first.

(4) Insurers may terminate an appointment at any time, subject to the appointee's contract rights, if any. If a licensee wishes to cancel an insurer appointment, the licensee should request the insurer to cancel the appointment. All appointment cancellations are handled on-line through NIPR.

(5) Insurers shall comply with the appointment continuation requirements set forth in Chapter 482-1-109.

(6) The fees associated with appointments, provided in Code of Ala. 1975, § 27-25-4.7(a)(2), are as follows:

(a) Notice of appointment fee, per agent per company $30.00

(b) Annual continuation of appointment fee, per agent per company $10.00

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§ 27-5-4, et seq., 27-25-8.

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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