Ala. Code § 27-10-25

Current with legislation from 2024 effective through April 25, 2024.

Section 27-10-25 - [Effective Until 7/1/2024] Acceptance and placement of surplus line business from agents or brokers

A licensed surplus line broker may accept and place surplus line business for any insurance producer licensed in this state for the kind and class of insurance involved and may compensate the producer therefor. No producer shall knowingly misrepresent to the broker any material fact involved in any insurance or in the eligibility thereof for placement with an unauthorized insurer.

Ala. Code § 27-10-25 (1975)

Acts 1963, No. 521, p. 1112, §12; Acts 1971, No. 407, p. 707, §200; Act 2001-702, p. 1509, §15.

This section is set out more than once due to postponed, multiple, or conflicting amendments.