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

Alabama Statutes

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

Alabama § 27-10-21

Title 27Insurance

Ch. 10Unauthorized Insurers and Surplus Lines

Art. 2Surplus Line Insurance

This text of Alabama § 27-10-21 (Report of Surplus Line Broker) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 27-10-21 (2026).

Text

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.