Chapter 5. REGULATION OF UNAUTHORIZED INSURERS
37 sections · 33-5-1 to 33-5-59
Article 1. GENERAL PROVISIONS
Article 2. SURPLUS LINE INSURANCE · Part 1. GENERAL PROVISIONS
- 33-5-20Short title.
- 33-5-20.1Definitions.
- 33-5-20.2Criteria for domestic surplus lines insurer; construction with federal provisions; eligibility to write insurance; taxes; protection; financial and solvency requirements; exemption from statutory requirements.
- 33-5-21Authorization of procurement of surplus line insurance; conditions; procuring or placing nonadmitted insurance for exempt commercial purchaser.
- 33-5-21.1Application of Chapter 9 or Code Section 33-24-9.
- 33-5-22Licensing of surplus line brokers generally.
- 33-5-23Revocation or suspension of broker’s license.
- 33-5-24Acceptance and placement of business by surplus line brokers generally.
- 33-5-25Broker to ascertain financial condition of unauthorized insurer prior to placement of insurance therewith; placement of insurance with foreign or alien insurers.
- 33-5-26Endorsement of insurance contract by broker.
- 33-5-27Issuance to insured by broker of evidence of insurance; issuance of substitute certificate or endorsement; delivery of policy to insured; penalties.
- 33-5-28Maintenance by broker of records of policies written or renewed.
- 33-5-29Filing of quarterly affidavits by surplus line brokers; filing of reports of affairs and operations by brokers.
- 33-5-30Validity and enforceability of contracts procured as surplus line insurance.
- 33-5-31Payment by broker of tax for privilege of doing business; computation and allocation of tax.
- 33-5-32Penalty for failure to file quarterly affidavit or remit tax within time prescribed by law; collection and disposition of penalty.
- 33-5-33Filing of report by persons procuring insurance with unauthorized insurers; levy, collection, and disposition of tax by persons procuring such insurance.
- 33-5-34Venue of actions against unauthorized insurers issuing surplus line policies; service of process; filing of pleading by insurer.
- 33-5-35Applicability of article.
Article 2. SURPLUS LINE INSURANCE · Part 2. INTERSTATE COOPERATION FOR COLLECTION AND DISBURSEMENT OF PREMIUM TAXES
- 33-5-40Legislative findings.
- 33-5-41Governor authorized to enter into cooperative agreement, compact, or reciprocal agreement for collection of insurance premium taxes.
- 33-5-42Agreement to substantially follow form of model Surplus Lines Insurance Multi-State Compliance Compact.
- 33-5-43Governor to select agreement providing best financial advantage.
- 33-5-44Notice; report.
Article 3. UNAUTHORIZED INSURERS PROCESS ACT
- 33-5-50Short title; construction.
- 33-5-51Purpose of article.
- 33-5-52Acts by insurer which constitute appointment of Commissioner as agent for service.
- 33-5-53Service of action and process upon Commissioner; sending of notice of service to defendant; applicability.
- 33-5-54Service of process upon solicitor, collector, or other agent of insurer.
- 33-5-55Mode of service prescribed by article cumulative.
- 33-5-56Right of plaintiff or complainant to default judgment or judgment with leave to prove damages.
- 33-5-57Conditions precedent to filing of pleadings by insurer generally; granting of postponements; filing by insurer of motion to quash writ or set aside service.
- 33-5-58Recovery of penalty and attorney’s fees by plaintiff; effect of failure of insurer to defend action.
- 33-5-59Applicability of article.