HB460 Alabama 2012 Session

Updated Jul 25, 2021

House Bill

Enacted

Current Status

Regular Session 2012

Session

Sponsor

Summary

Primary Sponsor: Mike Hill
Republican
Session: Regular Session 2012
Title: Insurance, title insurance agents, qualifications and procedures for licensing, written examination, continuing education requirements, Commissioner of Insurance promulgate rules, exceptions, Secs. 27-25-3, 27-25-4 am'd; Secs. 27-25-4.1, 27-25-4.2, 27-25-4.3, 27-25-4.4, 27-25-4.5, 27-25-4.6, 27-25-4.7, 27-25-4.8 added
Description: Under existing law, title insurance companies receive a certificate of authority for each title insurance agent used in this state.
Title insurance agents are not licensed, are not subject to a prelicensing course or examination, and are not subject to continuing education.
This bill would require title insurance agents to be licensed, would subject the agents to certain qualifications to include a prelicensing course and examination, and would require the agents to complete a minimum of 24 hours of continuing education every two years to maintain the license.
This bill would further provide for those title insurance agents authorized to act on the effective date of this act to continue to be licensed subject to meeting the prelicensing course and examination requirements over a period of time not to exceed one year.
Subjects: Insurance