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AL SB139
Bill
Status
3/23/2023
Primary Sponsor
Shay Shelnutt
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AI 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 of study prior to licensure by the Department of Insurance.
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Prohibits issuance of new service representative licenses prospective to the effective date, while allowing current service representative licensees to continue renewing their licenses indefinitely.
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Allows service representative licenses that expire and are not renewed for 12 consecutive months to be permanently terminated and unable to be reactivated.
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Effective date is January 1, 2024, following passage and approval by the Governor.
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
Indefinitely Postpone
5/31/2023