Alabama Department of Insurance

Definition

A corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity.

Initial Licensing Process

• A business entity engaging in insurance activities must be licensed as a producer.
• Effective 9/29/2008, apply online thru www.nipr.com for a fee of $130.00. Visa, Mastercard, and American Express payments will be accepted. A $5.00 NIPR transaction fee will be charged for each initial and renewal transaction on top of the required state fee, for all license types. NIPR FEES ARE NON-REFUNDABLE.
• Domestic and foreign business entities must be registered with the Alabama Secretary of State. (Phone number is 334-242-5324, and web address is www.sos.state.al.us).
• Business entities can be licensed for any and all lines of authority for which at least one designated responsible producer acting on behalf of the business entity is qualified and licensed.
• Name changes must be submitted with a new Certificate of Existence from the Alabama Secretary of State.
• To change/add a designated producer, click here. (Form AL-DP-1) Form can be emailed to
  producerlicensing@insurance.alabama.gov.
• To terminate a business entity license, a letter must be submitted to the Department of Insurance stating the name of the business, license number, and the date of termination.
• For purposes of the Alabama Business and Nonprofit Entity Code, the Commissioner of Insurance or the Department of Insurance shall not be designated as the registered agent of a business entity and the Department's address shall not be used as an entity's registered office.
• The Business Entity Producer license is effective until biennial renewal would be due. Business Entity producers renew their license by December 31st every two years in an even year. See Business Entity Renewal Process for details of renewal.

Business Entity Renewal Process

Business entity licenses are continuous subject to payment of license renewal fee. Beginning in 2008 and every other year thereafter, business entities' licenses will renew for two years for a license renewal fee of $100.

NOTE: No attachments are required for license renewal.

• On or about October 15 of each year, a renewal notice is sent to all business entities subject to renewal.
• Mandatory online renewal with $100.00 renewal fee are due by December 31.
• For those entities who are not able to renew online, download Uniform Application for Business Entity Insurance License Renewal/Continuation Form and mail with check of $100 to:

  Alabama Dept. of Insurance
  P O Box 303351
  Montgomery, AL 36130-3351

• If renewal process is not completed online by December 31, a late fee of $50.00 will also be due, for a TOTAL AMOUNT DUE of $150.00 by January 30.
• Business Entity licenses will expire on January 30 if TOTAL AMOUNT DUE is not received by that date.
• If your license expires, you must reapply online at www.nipr.com with applicable fee.

NOTE: Business Entity Producers now have the ability to update their e-mail addresses online for Alabama through SBS Online tools. You can access this by going to our website at www.aldoi.gov and under Producers/Agents either click on Print Your License or View Your CE Info and that takes you straight to SBS and it will be under Email Maintenance.

Cancel License

Request to Cancel or Surrender License

Name Approval Form

Name Approval Form

Fees

TOTAL INITIAL LICENSE FEES - $130
Biennial License Renewal Fee - $100
Notice of Appointment Fee - $40
Appointment Renewal Fee - $25

Visa, Mastercard, and American Express payments will be accepted. A $5.00 transaction fee will be charged for each initial and renewal transaction on top of the required state fee, for all license types.

NIPR FEES ARE NON-REFUNDABLE.