Starting this spring, surplus lines brokers in Alabama must file quarterly reports showing all surplus lines transactions, the state Department of Insurance said this week.
The rule is in keeping with state law and took effect Jan. 1.
The quarterly schedule:
- Q1: due May 30
- Q2: due August 30
- Q3: due Nov. 30
- Q4: due Jan. 30 (2025).
Forms are available on the department’s website.
The state insurance commissioner this week also said the department has adopted the 2025 Valuation Manual from the National Association of Insurance Commissioners.
Topics Agencies Excess Surplus Alabama
Was this article valuable?
Here are more articles you may enjoy.
Experian Launches Insurance Marketplace App on ChatGPT 
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
