This bill, HB60, makes changes to the insurance laws in Alabama. It removes the requirement for insurance producers, independent adjusters, apprentice independent adjusters, and title insurance agents to complete a prelicensing course of study approved by the Commissioner of Insurance prior to licensure. It also eliminates the issuance of new service representative licenses and allows current licensees to renew their licenses. The bill specifies that individuals applying for a resident insurance producer license must be at least 18 years old and have not committed any acts that would result in denial, suspension, or revocation of the license. They must also pass the examination for the lines of authority they are applying for and pay the required fees. Business entities acting as insurance producers must have a licensed individual designated as responsible for compliance with insurance laws and pay the required fees. The bill also requires insurers selling limited line credit insurance to provide instruction to individuals involved in selling, soliciting, or negotiating such insurance.

This bill, HB60, makes changes to the requirements for individuals applying for licenses as independent adjusters and title insurance agents. For independent adjusters, the bill states that individuals who have previously taken and failed two examinations for a particular line of insurance will not be eligible to take any further examinations for that line of insurance until after the expiration of three months from the date of the last failed examination. If the individual fails to pass the examination after two more attempts, they will not be eligible to take any further examination for that line of insurance until after the expiration of six months from the date of the last unsuccessful examination. The bill also provides exemptions from completing a prelicensing course or examination for certain individuals, such as those who are currently licensed in another state for the same line of authority or those who were previously licensed as an independent adjuster in the state. For title insurance agents, the bill allows the commissioner to contract with non-governmental entities, including the NAIC, to perform ministerial functions related to licensing, such as the collection of fees and data. The bill also removes the requirement for individuals to complete a prelicensing course of study for title insurance and instead requires them to successfully pass the examination for title insurance. Additionally, the bill clarifies the requirements for individuals and business entities applying for a title insurance agent license.

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