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Alabama Insurance FAQs
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Q:
What Is The Alabama Definition Of An Insurance Agent?
A: An agent is a natural person, partnership or corporation appointed by an insurer to solicit and negotiate insurance contracts on its behalf.
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Q:
What Are The Necessary Requirements To Become An Agent?
A: The following qualifications must be met in order to become an insurance agent: Must be 19 or older to apply for the life and disability lines of insurance. Must be 19 …
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Q:
Where Can I Get The Application Form?
A: The form required is AL Form 1020. This form and all other forms can be found at the following address: http://www.aldoi.org/iView/page.cfm?view=52
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Q:
What Is A Service Representative?
A: A service representative works for, with or through agents in soliciting, negotiating and effectuating insurance for the insurer. A service representative is a natural …
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Q:
What Are The Necessary Qualifications To Become A Service Representative?
A: The following qualifications must be met in order to become a service representative: Must be at least 19. Must be a citizen of the United States of America, Mexico or …
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Q:
How Does A Service Representative Become Licensed?
A: Complete an application (Form AL 1020, Rev. 8/99) http://www.aldoi.org/iView/page.cfm?view=52 and pay a $40.00 fee. No written examination is required, but service …
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Q:
What Is The Annual Renewal Process For A Service Representative?
A: Renewal forms are mailed to service representatives to complete and update any changes. Annual license renewal applications are due in the licensee`s birth month.
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Q:
What Is A Broker?
A: A Broker is an individual, partnership or corporation who, for compensation, (not being a licensed agent for the company in which a policy of insurance is placed) acts …
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Q:
What Are The Necessary Qualifications To Become A Broker?
A: The following qualifications must be met in order to become a Broker: Must be at least 19. Must be a citizen of the United States of America, Mexico or Canada. Must be …
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Q:
What Application Form Must I Fill Out?
A: You must fill out the following forms: AL Form 70 Rev. 1/89 AL Form 20B Rev. 10/96 AL Form 40B Rev. 10/96 These forms can be located at the following Web address: …
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