The bill HB60 amends various sections of the Code of Alabama 1975 concerning the licensing of insurance producers, independent adjusters, apprentice independent adjusters, and title insurance agents. A significant change is the removal of the requirement for individuals to complete a prelicensing course of study approved by the Commissioner of Insurance before obtaining their licenses. This deletion applies to Sections 27-7-5, 27-7-14.1, and other related sections. The bill also eliminates the issuance of new service representative licenses, allowing only current licensees to renew their licenses under specific conditions. Additionally, it stipulates that any service representative license that expires and is not renewed within 12 consecutive months cannot be reactivated.

Further amendments include the introduction of a new apprentice independent adjuster license, which permits individuals to work under the supervision of a licensed adjuster while preparing for the required examination. The bill clarifies the criteria for obtaining a resident independent adjuster license and allows the commissioner to contract with non-governmental entities for administrative functions related to licensing. It also updates terminology for clarity and maintains the requirement for passing an examination for title insurance agents while removing the prelicensing course requirement. These changes aim to streamline the licensing process for insurance professionals in Alabama while ensuring that applicants meet necessary qualifications. The bill is set to take effect on January 1, 2024, pending the Governor's approval.

Statutes affected:
Introduced: 27-7-5, 27-7-14, 27-9A-6, 27-9A-8, 27-9A-9, 27-9A-11, 27-25-4, 27-25-4
Enrolled: 27-7-5, 27-7-14, 27-9A-6, 27-9A-8, 27-9A-9, 27-9A-11, 27-25-4, 27-25-4