Ala. Admin. Code r. 482-1-147-.09
Current through Register Vol. 43, No. 1, October 31, 2024
Section 482-1-147-.09 - Service Representative License(1) An individual may be licensed as a service representative according to the requirements set forth in this rule for the following lines of insurance: (2) No new license as a service representative will be issued on and after January 1, 2024; however, any person already holding a valid service representative license on and after January 1, 2024, may continue to hold and renew the license for so long as the person meets the requirements of this rule.(3) A service representative must be employed on salary or at an hourly rate by an insurer, a managing general agent, or a captive producer.(4) Subsequent changes in the name, mailing address, or electronic mail address of a service representative must be reported within 30 days thereof. While there is no filing fee for reporting such changes, there is a penalty of $50 for the failure to report the changes within 30 days. Instructions for the name, mailing address, or electronic mail address change process, as it may change from time to time, will be provided on the Department's Web site.(5) A service representative must be appointed by at least one insurer for each line of authority and may be appointed to represent more than one insurer.(6) Service representatives must complete the license renewal process in accordance with Chapter 482-1-110.(7)(a) If a service representative license is not renewed in accordance with Chapter 482-1-110 the license expires and all insurer appointments are canceled.(b) Within twelve months of expiration, the former licensee can reapply for a service representative license by following the instructions for the on-line license reinstatement process, as it may change from time to time, as directed on the Department's Web site. Upon receiving the reinstated license, the service representative may then be reappointed by insurers by following the on-line appointment process.(c) When former licensees have been without a license for over twelve months, the service representative license cannot be renewed, reinstated, or otherwise reactivated.(8) When a service representative's license is suspended or revoked, the former licensee should contact the Legal Division of the Department to receive instructions should the former licensee desire to again become licensed.Ala. Admin. Code r. 482-1-147-.09
New Rule: October 18, 2012; effective January 1, 2013. Filed with LRS October 18, 2012. Rule is not subject to the Alabama Administrative Procedure Act.Amended by Alabama Administrative Monthly Volume XLI, Issue No. 10, July 31, 2023, eff. 1/1/2024.Author: Commissioner of Insurance
Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-7-4.3, 27-7-5, 27-7-23, 27-7-24, 27-7-30, 27-7-43.