Alabama § 27-10-21 Report of Surplus Line Broker

Alabama Statutes

§ 27-10-21 — Report of Surplus Line Broker

Alabama·Title 27 Insurance·Ch. 10 Unauthorized Insurers and Surplus Lines·Art. 2 Surplus Line Insurance

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.

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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.

Alabama § 27-10-21 (Report of Surplus Line Broker) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.