Effective January 1, 2025, Alabama will now require a nonresident surplus line broker to have on file a bond for $50,000 to remain in good standing for the duration of their license. Please see the attachment for more information. 

Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.