SB139 Alabama 2023 Session

Sponsors

Session

Regular Session 2023

Title

Relating to the Alabama Department of Insurance; to amend Sections 27-7-5, 27-7-14.1, 27-9A-6, 27-9A-8, 27-9A-9, 27-9A-11, 27-25-4.1, and 27-25-4.3, Code of Alabama 1975, to delete the requirement for insurance producers, independent adjusters, apprentice independent adjusters, and title insurance agents to complete a prelicensing course of study approved by the Commissioner of Insurance prior to licensure by the department; and to eliminate the issuance of new service representative licenses prospectively and to authorize a current licensee to renew his or her license.

Description

Under existing law, insurance producers, independent adjusters, and title insurance agents are required to complete a prelicensing course of study approved by the Commissioner of Insurance prior to taking the appropriate licensing examination.

This bill would delete the requirement for insurance producers, independent adjusters, and title insurance agents to complete a prelicensing course of study prior to taking the appropriate licensing examination.

Under existing law, service representatives are employed by insurance producers in the sale of property insurance.

This bill would eliminate the service representative license in this state prospectively. The bill would authorize a person holding a valid service representative license on the effective date of this act to continue to renew the license.

SB139 INTRODUCED Relating to the Alabama Department of Insurance; to amend Sections 27-7-5, 27-7-14.1, 27-9A-6, 27-9A-8, 27-9A-9, 27-9A-11, 27-25-4.1, and 27-25-4.3, Code of Alabama 1975, to delete the requirement for insurance producers, independent adjusters, apprentice independent adjusters, and title insurance agents to complete a prelicensing course of study approved by the Commissioner of Insurance prior to licensure by the department; and to eliminate the issuance of new service representative licenses prospectively and to authorize a current licensee to renew his or her license.