Resource Library

Free Online Legal Resources

What Are The Procedures/Policies Regarding The Suspension Or Revocation Of A Surplus Lines Broker License?

A Surplus Lines Broker`s license may be revoked if the broker fails to file his annual statement, remit the annual tax required by law, maintain the appropriate bond, maintain an office in the state to keep records or not allow examination of records. In addition, the Commissioner may suspend or revoke the broker`s license if he finds that the broker has, willfully or without exercise of due care, placed any insurance coverage with an unauthorized (non­ admitted) insurer in violation of any of the Alabama code requirements.

Speak to an Experienced Insurance Attorney Today

This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local insurance attorney to discuss your specific legal situation.

Additional Insurance Articles

Search LawInfo's Insurance Resources

Find an Attorney in Your Area

Insurance Videos

What Is Indemnification

Insurance Lawyers

Related Insurance Issues