Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-154 - PAYMENT FAILURE
Section 482-1-154-.03 - License Fee - Failure Of Payment

(1) Upon being informed of a payment failure concerning a license fee, the Department will issue to the licensee written notice of intent to suspend the license if the license fee, together with any additional charges occasioned by the payment failure, are not paid in full by the date specified in the notice. If applicable, such notice may require that payment be made to a third party and evidence of payment furnished by the third party to the Department. The notice may be issued by mail, facsimile, or electronically at the election of the Department.

(2) If the licensee does not comply with the notice, the license shall be suspended without further notice and, as applicable, information concerning the suspension will be reported to one or more centralized data registries maintained under the authority of the National Association of Insurance Commissioners. Reinstatement of a license after suspension will only occur on such terms and conditions as the Department may prescribe. The term of a license as originally issued is not extended by the period of a suspension.