(a) The commissioner may revoke or suspend any surplus line broker’s license for any one or more of the following:

Attorney's Note

Under the Alabama Code, punishments for crimes depend on the classification. In the case of this section:
ClassPrisonFine
Violationup to 30 daysup to $200
For details, see Ala. Code § 13A-5-7

Terms Used In Alabama Code 27-10-32

  • following: means next after. 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
(1) If the broker fails to file an annual statement or to remit the tax as required by law.
(2) If the broker fails to keep the records or to allow the commissioner to examine the broker’s records as required by law.
(3) For any of the causes for which a producer’s license may be revoked.
(b) The commissioner may suspend or revoke the broker’s license if the commissioner finds that the broker has, willfully or without exercise of due care, placed any insurance coverage with an unauthorized insurer in violation of any of the requirements or conditions of Section 27-10-20.
(c) The procedures and rights provided by Section 27-7-19 as for the suspension or revocation of producers’ licenses shall be applicable to suspension or revocation of a surplus line broker’s license.
(d) No broker whose license has been so revoked shall again be so licensed within one year thereafter nor until any fines or delinquent taxes owing by the broker have been paid.
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