2025 Nonresident Surplus Line Broker Bond

KAY IVEY GOVERNOR MARK FOWLER COMMISSIONER STATE OF ALABAMA DEPARTMENT OF INSURANCE PRODUCER LICENSING DIVISION 201 MONROE STREET, SUITE 502 POST OFFICE BOX 303351 MONTGOMERY, ALABAMA 36130-3351 TELEPHONE: (334) 241-4126 FACSIMILE: (334) 240-3282 INTERNET: www.aldoi.gov EMAIL: producerlicensing@insurance.alabama.gov DEPUTY COMMISSIONER JIMMY W. GUNN LICENSING DIRECTOR ANTWIONNE DUNKLIN LICENSING SUPERVISOR DANYETTA MOORE CHEYRL MOORE OPERATIONAL SPECIALIST BRIDGET POWE ## BULLETIN NO. 2024-05 TO: All Nonresident Surplus Line Brokers FROM: Mark Fowler Commissioner of Insurance DATE: November 7, 2024 RE: 2025 Nonresident Surplus Line Broker Bond EFFECTIVE: Effective January 1, 2025 Section 27-10-24(c)(1), Ala. Code 1975, now requires nonresident surplus line brokers to file a bond in favor of the State of Alabama in the amount of $50,000 to remain in force for the duration of their license. Any application for a new license or renewal of a nonresident surplus line broker license will require a bond for the license to become or remain effective. The required bond form is at https://www.aldoi.gov/PDF/Licensing/FormALSLB13.pdf and should be submitted by U.S. Mail to the Alabama Department of Insurance, P.O. Box 303351, Montgomery, AL 36130-3351. All other aspects of the licensing process may be completed on the Department's website: https://aldoi.gov/Licensing/. Questions about this Bulletin should be directed to the Producer Licensing Division at (334) 241-4126 or producerlicensing@insurance.alabama.gov. Alabama Department of Insurance Established 1897