Ala. Admin. Code r. 482-1-036-.05 - Eligible Surplus Line Insurers
(1) At appropriate times this Department will
under the authority of Section
27-10-26 publish lists of certain
unauthorized insurers which are known by this Department to be ineligible
either as to financial requirements or as to claim practices. No inference
should be drawn that surplus line insurers other than those so prohibited have
been approved by this Department. The law clearly places this responsibility on
the broker. No lists of approved insurers will be published by this Department.
Eligible Surplus Line Insurers that write business in Alabama should refer to
the Filing Requirements for Surplus Line Insurance Companies, which is located
on the Department of Insurance website for instructions on filings to be made
with the Department of Insurance.
(2) The National Association of Insurance
Commissioners has established the International Insurers Department. The
services of that office are available to surplus line brokers and others who
may be interested by the payment of an annual subscription fee. That office can
furnish a listing of alien non-admitted insurers that have filed financial data
with one or more states or with a surplus line association cooperating with a
state. The annual subscription fee will entitle each subscriber to these
listings as issued and upon request copies of the independent insurer financial
statement data at an additional minimal reproduction cost.
Notes
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, ยงยง 27-2-17, 27-10-1, et seq.
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