Ala. Admin. Code r. 482-1-148-.11

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

Section 482-1-148-.11 - Appointments

(1) All title insurance agents, including individuals and business entities, must be appointed by any and all title 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) Insurers shall comply with the appointment continuation requirements set forth in Chapter 482-1-109.

(6) The fees associated with appointments, provided in Code of Ala. 1975, § 27-25-4.7(a)(2), are as follows:

(a) Notice of appointment fee, per agent per company $30.00

(b) Annual continuation of appointment fee, per agent per company $10.00

Ala. Admin. Code r. 482-1-148-.11

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 XLI, Issue No. 10, July 31, 2023, eff. 9/14/2023; operative 1/1/2024.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-5-4, et seq., 27-25-8.