The bill amends Section 27-10-24 of the Code of Alabama 1975, specifically addressing the licensing requirements for nonresident surplus line brokers. Key changes include the insertion of new language that specifies that applications must be submitted on a form as required by the commissioner, and that the license fee must also be paid to the commissioner, with the license expiring on December 31 of the year it is issued. Additionally, the bill replaces the term "lines tax" with "line taxes" and clarifies that a nonresident broker must comply with the same application requirements as resident brokers.

Furthermore, the bill outlines the process for serving legal documents to nonresident surplus line brokers, establishing that service upon the commissioner constitutes effective legal service. It details the procedures for filing and serving legal documents, including the requirement for the commissioner to maintain records of such service for a minimum of three years. The act is set to take effect immediately upon passage.

Statutes affected:
Introduced: 27-10-24
Enrolled: 27-10-24