Contact: Rita Summerlin
** ATTENTION: BEGINNING WITH THE 2016 – 2017 RENEWAL YEAR, ALL PRENEED RENEWAL APPLICATIONS AND RENEWAL FEES MUST BE SUBMITTED ONLINE THROUGH “ALDOI – PRENEED ONLINE” **
The renewal year runs from July 1st of the current year to June 30th of the following year. All renewal applications and fees must be submitted online through “ALDOI – Preneed Online” by July 1st of the renewal year or the Certificate Holder will be in default and subject to a fine of up to $50 per day. In accordance with ALA. CODE § 27-17A-11(h). “The certificate holder’s authority to sell preneed contracts shall cease while the default continues.” ANY PRENEED SALES WITHOUT A VALID CERTIFICATE OF AUTHORITY OR PRENEED SALES AGENT REGISTRATION, WHETHER IN DEFAULT OR EXPIRED, IS A VIOLATION OF ALA. CODE § 27-17A-22(a)(1) AND MAY SUBJECT THE VIOLATOR(S) TO CRIMINAL ACTION.
Beginning July 2nd, if a Certificate Holder has not successfully submitted an online renewal application, the $50 per day fine will automatically begin to accrue in ALDOI – Preneed Online. The fine must be paid online during the renewal application submission process. The online renewal application will not be available after August 31st. Renewal fines are currently capped at $3000 ($50/per day for 60 days). If a Certificate Holder’s online renewal, including payment of renewal fees and fines, has not been submitted before September 1st, then the Certificate of Authority will expire, resulting in the termination of any related Branch Registrations and Preneed Sales Agent Registrations. Preneed sales may not resume until a new Certificate of Authority application, new Branch Registrations, new Preneed Sales Agent Registrations, all supporting documentation/checklists, related fees and $3000 renewal fine have been submitted to the Department and approved.
The new online renewal and reporting system, ALDOI – Preneed Online, will be available beginning Monday, May 2, 2016. Each Certificate Holder should have received an e-mail in mid-April with their user name and password. If a Preneed Certificate Holder has not received a user name and password, has lost the user name or password or is experiencing a problem with the user name and password, then an authorized representative of the Company should contact the Preneed Division.
*** Financial Statements Requirement: Beginning in 2016, Certificate Holders will not be required to submit complete financial statements to the Department. Instead, the Certificate Holder will enter and submit key financial figures from its most recent year-end financial statements. The following financial figures must be entered (Certificate Holder combined with its branches) in the “Financial Information” section of the online Certificate of Authority renewal application:
|· Pre-law Preneed Receivables
|· Pre-law Deferred Revenue
|· Post-law Preneed Receivables
|· Post-law Deferred Revenue
|· Total Liabilities
|· Total Assets
|· Net Income
The Department reserves the right to request financial statements from any Certificate Holder.
ALDOI – Preneed Online – Click to be redirected to the log-in page for “ALDOI – Preneed Online,” the Preneed Division’s new Preneed renewal and reporting site.