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AL HB60
Bill
Status
4/27/2023
Primary Sponsor
Corley Ellis
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AI Summary
HB60 Summary
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Eliminates the requirement for insurance producers, independent adjusters, apprentice independent adjusters, and title insurance agents to complete a prelicensing course before licensure by the Alabama Department of Insurance.
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Prohibits the issuance of new service representative licenses prospectively, but allows current service representative licensees to renew their licenses if they meet other requirements.
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Allows service representative licenses that expire and are not renewed for 12 consecutive months to be permanently terminated and ineligible for reactivation.
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Becomes effective January 1, 2024.
Legislative Description
Relating to the Alabama Department of Insurance; to amend Sections 27-7-5, 27-7-14.1, 27-9A-6, 27-9A-8, 27-9A-9, 27-9A-11, 27-25-4.1, and 27-25-4.3, Code of Alabama 1975, to delete 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 by the department; and to eliminate the issuance of new service representative licenses prospectively and to authorize a current licensee to renew his or her license.
Last Action
Enacted
4/27/2023