Under existing law, insurance producers are licensed for various lines of authority, including automobile and industrial fire.
Under existing law, certain insurance producers must complete a prelicensing course of study before qualifying for an insurance producer license.
Under existing law, administrative complaints filed by the Department of Insurance against insurance producers must be served via registered or certified mail.
Under existing law, insurance producers are generally subject to a continuing education requirement but there are several exceptions to this requirement.
Under existing law, insurance producers are required to certify on the license renewal form whether they have completed the continuing education requirement.
Under existing law, insurance licensees are required to notify the commissioner of any change in legal name or address within 30 days.
Under existing law, there are no special provisions in the insurance producer licensing laws regarding the sale of insurance coverage of portable electronics.
This bill would eliminate the insurance producer lines of authority for automobile and industrial fire and provide a transition for existing producer licenses and would add travel and crop insurance as limited lines insurance.
This bill would also provide exceptions to the prelicensing course of study to qualify for an insurance producer license for those applicants with a college insurance degree and for applicants for the variable life and variable annuity line of authority.
This bill would also provide an exception to the prelicensing examination requirement for an insurance producer license for those applicants for the variable life and variable annuity line of authority, but would require those applicants to be licensed for the life line of authority and also be registered under the securities law.
This bill would also authorize the Commissioner of Insurance to prescribe by regulation alternative methods to serve administrative complaints.
This bill would eliminate certain exemptions from the continuing education requirement for insurance producers, but would provide a grandfather provision for those currently exempt.
This bill would eliminate the requirement for insurance producers to certify on the license renewal form whether they have complied with the continuing education requirement.
This bill would require insurance licensees to notify the commissioner of any change in mailing address or electronic mail address within 30 days.
This bill would authorize the commissioner to require new applicants for an insurance producer license to submit fingerprints and perform a criminal history background check.
This bill would provide special licensing provisions for insurance coverage of portable electronics.
Delivered to Governor at 6:02 p. m. on May 3, 2012.
Assigned Act No. 2012-312.
Clerk of the House Certification
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 1049
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Banking and Insurance
Motion to Read a Third Time and Pass adopted Roll Call 178
Engrossed
Motion to Adopt adopted Roll Call 177
Wren 2nd Amendment Offered
Motion to Adopt adopted Roll Call 176
Wren 1st Amendment Offered
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Insurance
Source: Alabama Legislature