Section 27-10-21 Report of surplus line broker. - Alabama Statutes

Section 27-10-21

Report of surplus line broker.

Within 30 days after the effective date of any such insurance, the surplus line broker shall file a written report with the commissioner setting forth facts from which it can be determined whether under Section 27-10-20 the coverage has been lawfully placed as a surplus line. If so required by the commissioner, the report shall be in the form of the broker's affidavit. If so required by the commissioner, the report shall be accompanied by a written statement signed by the insured to the effect that the coverage was placed in an unauthorized insurer with the insured's knowledge and consent.

(Acts 1963, No. 521, p. 1112, §8; Acts 1971, No. 407, p. 707, §196.)