Ala. Code § 27-10-21

Current through the 2024 Regular Session.

Section 27-10-21 - Report of surplus line broker

If surplus line insurance was transacted in the preceding calendar quarter, the surplus line broker shall file a quarterly report as prescribed by the commissioner setting forth facts from which it can be determined whether the coverage has been lawfully placed as a surplus line. If required by the commissioner, the report shall be accompanied by a written statement signed by the insured acknowledging the coverage was placed with an unauthorized insurer with the insured's knowledge and consent.

Ala. Code § 27-10-21 (1975)

Amended by Act 2024-71,§ 2, eff. 7/1/2024.

Acts 1963, No. 521, p. 1112, §8; Acts 1971, No. 407, p. 707, §196.