AL SB336

Repeals sections 27-3-17 to 27-3-20 of the Alabama Insurance Code.

Section 27-3-17 addressed the application process for original certificates of authority for insurers, including required documentation such as corporate charter copies, financial statements, and examination reports.

Section 27-3-18 addressed the commissioner's issuance or denial of certificates of authority and the ability to issue limited certificates for particular types of insurance.

Section 27-3-19 addressed certificate continuation requirements, including payment of continuation fees by March 1 and annual statement filing, with expiration occurring on May 31 if not continued.

Section 27-3-20 addressed the commissioner's authority to suspend or revoke certificates of authority for causes such as failure to meet requirements or actions by another state, with notice and hearing requirements.