If you have any questions, please contact the Examination Division at (334) 241-4151.
Reinsurance Intermediary - broker - Any person, other than an officer
or employee of the ceding insurer, firm, association, or business entity who solicits,
negotiates, or places reinsurance cessions or retrocessions on behalf of a ceding
insurer without the authority or power to bind reinsurance on behalf of such insurer.
Reinsurance Intermediary - manager - Any person, firm, association,
or business entity who has authority to bind or manages all or part of the assumed
reinsurance business of a reinsurer and acts as an producer for such reinsurer whether
known as a reinsurance intermediary-manager, manager or other similar term.
A Reinsurance intermediary - manager must submit an original copy of a fidelity
bond in the amount of $100,000 (NOTE: A separate bond must be filed for each
reinsurer represented) and a copy of the Reinsurance Intermediary's errors and omissions
policy.
The total fee is $170.00, representing an application fee of $30.00 and a license
fee of $140.00.
Annual renewal requires an application and a $100.00 license fee.
Click here to electronically remit form AL-RI-1, fees
and any other applicable documents. Checks or money orders are no longer encouraged.