Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-153 - PORTABLE ELECTRONICS INSURANCE VENDORS
Section 482-1-153-.04 - Renewal Of Licenses
Universal Citation: AL Admin Code R 482-1-153-.04
Current through Register Vol. 42, No. 11, August 30, 2024
(1) All portable electronics insurance vendors licensed in Alabama are limited lines insurance producers and are thus subject to the same renewal requirements of insurance producers as set forth in Chapter 482-1-110, except they are not required to complete any continuing education requirements. The initial renewal schedules for licensees are set forth in this rule.
(2)
(a) As
set forth in Chapter 482-1-110, individual licensees shall renew their license
biennially based on their month and year of birth.
(b) Licensees Born in Even-numbered Years.
Beginning in the year 2014, 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 2014 and every other year thereafter.
(c) Licensees Born in Odd-numbered Years.
Beginning in the year 2015, 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 2015 and every other year thereafter.
(d) 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 Rule
482-1-153-.03. 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 Rule
482-1-153-.03.
(3)
(a) Expiration of Business Entity Licenses in
2014 and Thereafter. Beginning in 2014, the license of all business entity
vendors shall expire if not renewed on December 31 of 2014 and every other year
thereafter, as set forth in Chapter 482-1-110.
(b) 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
Rule 482-1-153-.03. 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 Rule
482-1-153-.03.
Authority: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-22A-7.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.