SB460 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
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
<p class="bill_description"> Under existing law, title insurance
companies receive a certificate of authority for
each title insurance agent used in this state</p><p class="bill_description">
Title insurance agents are not licensed, are not
subject to a prelicensing course or examination,
and are not subject to continuing education</p><p class="bill_description">
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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To amend Sections 27-25-3 and 27-25-4, Code of
Alabama 1975, and to add Sections 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, and
27-25-4.8 to the Code of Alabama 1975, relating to insurance;
to provide for the qualifications and procedures for the
licensing of title insurance agents by providing definitions
and exceptions to the licensing requirements; to require title
insurance agents to pass a written examination; to provide
exceptions; to require title insurance agents to complete
minimum continuing education on a biennial basis; to authorize
the Commissioner of Insurance to promulgate rules; and to
provide a delayed effective date for certain provisions.
</p>
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 9, 2012 | Indefinitely Postponed | |
| April 12, 2012 | Read for the second time and placed on the calendar | |
| April 3, 2012 | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB460 Alabama 2012 Session - Introduced |