(1) Upon being informed of a payment failure
concerning a license fee, the Department will issue to the licensee written
notice of intent to suspend the license if the license fee, together with any
additional charges occasioned by the payment failure, are not paid in full by
the date specified in the notice. If applicable, such notice may require that
payment be made to a third party and evidence of payment furnished by the third
party to the Department. The notice may be issued by mail, facsimile, or
electronically at the election of the Department.
(2) If the licensee does not comply with the
notice, the license shall be suspended without further notice and, as
applicable, information concerning the suspension will be reported to one or
more centralized data registries maintained under the authority of the National
Association of Insurance Commissioners. Reinstatement of a license after
suspension will only occur on such terms and conditions as the Department may
prescribe. The term of a license as originally issued is not extended by the
period of a suspension.
Ala. Admin. Code r.
New Rule: July 29, 2013;
effective August 8, 2013. Filed with LRS July 29, 2013. Rule is not subject to
the Alabama Administrative Procedure Act.
Authority: Commissioner of Insurance
Code of Ala.