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