(a) Each surplus line broker shall, on or before the first day of March of each year, file with the commissioner a verified statement of all surplus line insurance transacted by him during the preceding calendar year.

Terms Used In Alabama Code 27-10-30

  • preceding: means next before. See Alabama Code 1-1-1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
  • year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1
(b) The statement shall be on forms as prescribed and furnished by the commissioner and shall show:

(1) Gross amount of each kind of insurance transacted;
(2) Aggregate gross premiums charged, exclusive of sums collected to cover state or federal taxes;
(3) Aggregate of returned premiums and taxes paid to insureds;
(4) Aggregate of net premiums; and
(5) Additional information as required by the commissioner.
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