Premium Finance Licensing Instructions


Premium Finance companies applying for a license must submit the following:

  • Application
  • $35,000 surety bond written by an insurance company licensed in Alabama
  • Premium Finance Agreement
  • Delinquent Notice
  • Cancellation Notice
  • Rate Chart
  • $200.00 license fee made payable to the Commissioner of Insurance
    (Effective 4/1/2016, the license fee will increase to $240.00)

Premium Finance companies must renew their licenses each October 1. The following must be submitted:

  • Application
  • $240.00 license fee made payable to the Commissioner of Insurance
  • Proposed changes to rates or forms which have not already been submitted for approval may be submitted with the renewal application

Contact Person:
April Thomas - (334)241-4181

Address:
Alabama Department of Insurance
201 Monroe Street, Suite 502
Montgomery, AL 36104