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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
Contact Person: Ann Strickland - (334)241-4154
Address: Alabama Department of Insurance
201 Monroe Street, Suite 1700
Montgomery, AL 36104
Premium Finance companies must renew their licenses each October 1. The following must be submitted:
  • Application
  • $200.00 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: Ann Strickland - (334)241-4154
Address: Alabama Department of Insurance
201 Monroe Street, Suite 502
Montgomery, AL 36104
September 02, 2010
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