Alabama Insurance FAQs

• Q: What Is A Motor Club Representative?
  A: A Motor Club Representative is an individual licensed to represent an automobile club or association that has been authorized by the Insurance Commissioner to conduct … More
• Q: What Are The Necessary Qualifications To Become A Motor Club Representative?
  A: Must be capable of soliciting automobile club or association memberships. Must be of good moral character. Sales agents are subject to the same requirements with … More
• Q: What Is A Managing General Agent?
  A: A Managing General Agent is an individual, firm or corporation appointed as an independent contractor by one or more insurers for the principal purpose of exercising … More
• Q: What Information Must Be Stated On A Managing General Agent's License?
  A: The license of a managing general agent shall state the name and address of the licensee, the name of the insurer (company) to be represented, date of issue and of … More
• Q: How Is A Managing General Agent's License Renewed?
  A: Form AL­MGA­4 (5­94) http://www.aldoi.org/iView/page.cfm?view=52 is mailed to the appointing insurer that has appointed the MGA for completion and the … More
• Q: How Is A Managing General Agent's License Terminated?
  A: Form AL­MGA­3 (1/94) http://www.aldoi.org/iView/page.cfm?view=52 must be completed and mailed to the Insurance Department in order to cancel the appointment … More
• Q: What Is A Surplus Lines Broker?
  A: A Surplus Lines Broker is a licensed property and casualty broker or agent who is unable to obtain insurance through an authorized insurer who then obtains coverage … More
• Q: What Are The Necessary Qualifications To Become A Surplus Lines Broker?
  A: The necessary qualifications include but are not limited to the following: Must be licensed as a resident agent or broker in property, casualty, and surety insurance. … More
• Q: How Is A Surplus Lines Broker Licensed?
  A: An applicant must complete an application (AL Form SLB­1) http://www.aldoi.org/iView/page.cfm?view=52 and a bond (AL Form SLB­13) … More
• Q: What Are The Procedures/Policies Regarding The Suspension Or Revocation Of A Surplus Lines Broker License?
  A: 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, … More
• Q: What Are The General Requirements For Surplus Lines Insurance?
  A: If certain insurance coverage cannot be obtained on terms acceptable to the insured from authorized insurers, insurance called surplus line may be obtained from … More

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