AILA Members and Friends:
Supervisor Corscadden reported today that the Alabama State Banking Department will begin conducting remote in-state exams in the near future. Examiners will contact a branch via email or phone. Exams will be streamlined as much as possible, focusing the review on disclosures, paid-outs and insurance claims. While BOL examiners will not complete their review on-site, they will go to the assigned branch location to pick up records, such as the “State Examiner files” of disclosures and paid-outs, and insurance logs, which will be returned upon completion. The Department will be looking for our cooperation.