Accident and Health or Sickness (commonly known as Disability)
Disability insurance is insurance coverage for sickness, bodily injury, or accidental
death and may include benefits for disability income.
Bail Bond insurance is surety coverage for bail and is a form of bond given to guarantee
that a person released from legal confinement will appear as required in court,
or the penalty of the bond will be forfeited to the court.
Casualty insurance is insurance coverage against legal liability, including that
for death, injury, or disability or damage to real or personal property, and surety.
Limited line credit insurance includes credit life, credit disability, credit property,
credit unemployment, creditor-placed (also known as forced-placed), nonfiling, involuntary
unemployment, mortgage life, mortgage guaranty, mortgage disability, guaranteed
automobile protection (GAP), family and medical leave insurance, and any other form
of insurance offered in connection with an extension of credit that is limited to
partially or wholly extinguishing that credit obligation that the commissioner determines
should be designated a form of limited line credit insurance.
Insurance providing protection against damage to crops from unfavorable weather
conditions, fire, or lightning, flood, hail, insect infestation, disease or other
yield-reducing conditions or peril provided by the private insurance market, or
that is subsidized by the Federal Crop Insurance Corporation, including Multi-Peril
Dental service insurance is a health insurance contract providing payment for certain
enumerated dental services. Producers for this line of authority must have and maintain
authority for Accident and Health or Sickness (Disability) Insurance.
Legal service insurance is the assumption of a contractual obligation to pay for
specific legal services or to reimburse for specific legal expenses, in consideration
of a specified payment in advance for an interval of time.
Life insurance is insurance coverage on human lives including benefits of endowment
and annuities, and may include benefits in the event of death or dismemberment by
accident and benefits for disability income.
Motor club membership provides members with assistance in matters relating to the
ownership, operation, use or maintenance of a motor vehicle.
Non-Resident Reciprocal-Surety Line of Authority (Effective July 2013)
Non-Resident Reciprocal-Surety Line of Authority is to be used only when applying
for an initial non-resident producer license for a line of authority you hold in
your home state but not used in Alabama (such as surety).
Personal lines insurance is property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes.
Insurance providing coverage for the repair or replacement of portable electronics
which may provide coverage for portable electronics against any one or more of the
following causes of loss: Loss, theft, inoperability due to mechanical failure,
malfunction, damage, or other similar cause of loss. Does not include Service Contract
governed by Chapter 32 of Title 8, a policy of insurance covering a seller’s or
a manufacturer’s obligations under a warranty; a homeowner’s, renters, private passenger
automobile, commercial multi-peril, or similar policy.
Property insurance is insurance coverage for the direct or consequential loss or
damage to property of every kind.
Rental vehicle insurance is personal accident insurance, liability insurance, personal
effects insurance, roadside assistance and emergency sickness protection programs,
and any other travel or auto-related coverage offered by a rental company in connection
with and incidental to the rental of vehicles.
Insurance coverage for trip cancellation, trip interruptions, baggage, life, sickness
and accident, disability and personal effects when limited to a specific trip and
sold in connection with transportation provided by a common carrier.
Variable Life & Variable Annuity
Variable life and variable annuity is insurance coverage provided under variable
life insurance contracts and variable annuities, which are contracts under which
obligations are assumed with respect to periodic payments for a specific term, or
terms, or where the making or continuation of all or of some such payments or the
amount of any such payment is dependent upon the continuation of human life.