Alabama § 27-10-30 Annual Statement of Surplus Line Broker

Alabama Statutes

§ 27-10-30 — Annual Statement of Surplus Line Broker

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

(a)Each surplus line broker, on or before the first day of March of each year, shall file with the commissioner a verified statement of all surplus line insurance transacted by him or her during the preceding calendar year. If no surplus line insurance was transacted in the preceding calendar year, no statement is required.

(b)The statement shall be on forms as prescribed and furnished by the commissioner and shall show:

(1)Gross amount of each kind of insurance transacted;

(2)Aggregate gross premiums charged, exclusive of sums collected to cover state or federal taxes;

(3)Aggregate of returned premiums and taxes paid to insureds;

(4)Aggregate of net premiums; and

(5)Additional information as required by the commissioner.

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(a) Each surplus line broker, on or before the first day of March of each year, shall file with the commissioner a verified statement of all surplus line insurance transacted by him or her during the preceding calendar year. If no surplus line insurance was transacted in the preceding calendar year, no statement is required.
(b) The statement shall be on forms as prescribed and furnished by the commissioner and shall show:
(1) Gross amount of each kind of insurance transacted;
(2) Aggregate gross premiums charged, exclusive of sums collected to cover state or federal taxes;
(3) Aggregate of returned premiums and taxes paid to insureds;
(4) Aggregate of net premiums; and
(5) Additional information as required by the commissioner.

Alabama § 27-10-30 (Annual Statement of Surplus Line Broker) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.