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

<p class="bill_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</p><p class="bill_description"> 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</p><p class="bill_description"> Under existing law, service representatives are employed by insurance producers in the sale of property insurance</p><p class="bill_description"> 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</p><p class="bill_entitled_an_act"> 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. </p>