AL | The Alabama Department of Insurance has issued Bulletin No. 2024-05.
Effective January 1, 2025, all nonresident surplus line brokers will be required to file a bond in favor of the State of Alabama in the amount of $50,000 to remain in force for the duration of their license. Any application for a new license or renewal of a nonresident surplus line broker license will require a bond for the license to become or remain effective.