Ala. Admin. Code r. 482-1-147-.10

Current through Register Vol. 43, No. 02, November 27, 2024

Section 482-1-147-.10 - Appointments

(1) Any producer, including individuals and business entities, acting on behalf of an insurer must be appointed by the insurer. All temporary producers and service representatives must be appointed by any and all insurers they represent.

(2) All appointments are handled on-line through NIPR.

(3) The notice of appointment shall be completed by the insurer within 15 days from the date the agency contract is executed or the first insurance application is submitted, whichever occurs first.

(4) Insurers may terminate an appointment at any time, subject to the appointee's contract rights, if any. If a licensee wishes to cancel an insurer appointment, the licensee should request the insurer to cancel the appointment. All appointment cancellations are handled on-line through NIPR.

(5) All insurers terminating an appointment for reason of "Request Regulator Review," "Company Indebtedness," or any other involuntary reason other than inadequate production, shall provide the Department with a statement of the facts relative to the termination and cause thereof, together with any documentation. Any such information provided to the Department is privileged according to Code of Ala. 1975, § 27-7-30(h), and confidential according to Code of Ala. 1975, § 27-7-30.3.

(6) Insurers shall comply with the appointment continuation requirements set forth in Chapter 482-1-109.

(7) The fees associated with initial appointments are as follows:

(a) The notice of appointment fee for producers is $40 per insurer.

(b) The notice of appointment fee for temporary producers is $40 plus the $50 license fee and $30 application fee, for a total of $120 to be paid by the insurer at the time of filing the notice of appointment.

(c) The notice of appointment fee for service representatives is $40 plus a $30 application fee, for a total of $70 to be paid by the insurer at the time of filing the notice of appointment.

Ala. Admin. Code r. 482-1-147-.10

New Rule: October 18, 2012; effective January 1, 2013. Filed with LRS October 18, 2012. Rule is not subject to the Alabama Administrative Procedure Act.

Amended by Alabama Administrative Monthly Volume XXXIII, Issue No. 11, August 31, 2015, eff. 1/1/2016.

Amended by Alabama Administrative Monthly Volume XLI, Issue No. 10, July 31, 2023, eff. 1/1/2024.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-7-4.3, 27-7-5, 27-7-23, 27-7-24, 27-7-30, 27-7-43.