Alabama Insurance Agreement

State:
Multi-State
Control #:
US-EG-9376
Format:
Word; 
Rich Text
Instant download

Description

Split Dollar Life Insurance Agreement between First National Bank of Litchfield and Jerome Whalen regarding the provision to employees to provide assistance in the payment of split-dollar life insurance arrangements dated March 30, 1995. 7 pages.
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FAQ

Having been convicted of a felony. Having an insurance producer license, or its equivalent, denied, suspended, or revoked in any other state, province, district, or territory.

To obtain an independent adjuster license in Alabama, you need to complete a state-approved online pre licensing course, pass an appropriate Alabama adjuster exam, and submit a licensing application along with the required documents and fees to the Department of Insurance.

In Alabama, you are required to complete a total of twenty-four (24) hours of continuing education (CE) each renewal period, including three (3) hours of ethics coursework, to upkeep your adjuster license. There is an $80 fee to renew your Alabama adjuster license.

Licensing and Renewal Fees AdjusterIndividuals:TOTAL INITIAL LICENSE FEES$120Biennial Renewal Fee$100Late Fee$5091 more rows

Each line of authority in Alabama requires twenty (20) hours of pre-license education. This means that if you wish to get a Property and Casualty license, you must take forty (40) hours of pre-licensing, and for Life, Accident, and Health you must also take forty (40) hours.

A natural person required to be licensed under the laws of this state to sell, solicit, or negotiate insurance. If you fail to select all the lines of authority you wish to apply for, you will have to reapply through NIPR to add the line with additional fees.

Alabama Adjuster Students need only complete our Alabama P&C with Workers' Comp and Crop 40-hr pre-licensing course and pass the included state adjuster exam for licensure. No additional coursework or testing is required.

The initial fee for an individual independent adjuster license is $100, while the biennial renewal fee is $80. The initial fee for a business entity independent adjuster license is $220, while the biennial renewal fee is $200.

Each line of authority in Alabama requires twenty (20) hours of pre-license education. This means that if you wish to get a Property and Casualty license, you must take forty (40) hours of pre-licensing, and for Life, Accident, and Health you must also take forty (40) hours.

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Alabama Insurance Agreement