SB206 Alabama 2018 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2018
Title
Insurance Dept, licensure of producers and service representatives, continuing education for renewals, civil penalties, provisions for extension deleted, Secs. 27-8A-1, 27-8A-2 am'd.
Description
<p class="bill_description"> Under existing law, the Department of
Insurance licenses insurance producers and service
representatives who are required to complete 24
hours of continuing education in connection with
the biennial renewal of license, but are permitted
to request an extension and renew when complying
with the continuing education requirements</p><p class="bill_description">
Existing law also authorizes a waiver of penalties
for failure to renew</p><p class="bill_description">
Also under existing law, the only punishment
authorized to be imposed by the Insurance
Commissioner against an insurance producer or
service representative failing to complete the
continuing education requirements is the suspension
of a license</p><p class="bill_description">
This bill would specify that insurance
producers and service representatives would be
required to complete any continuing education
requirement in order to renew an insurance producer
or service representative license and would delete
the provisions for extensions to complete
continuing education requirements as provided in
this part of the licensure law</p><p class="bill_description">
This bill would also authorize the Insurance
Commissioner to assess a fine in lieu of suspension
of license for violating the continuing education
requirements by an insurance producer or service
representative</p><p class="bill_entitled_an_act"> Relating to insurance; to amend Sections 27-8A-1 and
27-8A-2 of the Code of Alabama 1975, relating to the licensing
of insurance producers and service representatives by the
Department of Insurance; to specify that insurance producers
and service representatives are required to complete any
continuing education requirements prior to renewing a license;
to delete the provisions for extensions; and to authorize the
Insurance Commissioner to assess a fine in lieu of suspension
of a license for violation of the continuing education
requirements.
</p>
Subjects
Insurance Department
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 23, 2018 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | January 31, 2018 | Room 320 at 11:30 | Senate B&I Hearing |
| Hearing | March 14, 2017 | ROOM 727 at 13:00 | Senate GA Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB206 Alabama 2018 Session - Introduced |