SB460 Alabama 2012 Session

Summary

Primary Sponsor

Cam Ward

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.

Show more Show less

Subjects

Insurance