Alabama Administrative Code

This chapter applies to any producer or any other person licensed by the Department and who solicits individual life or individual disability insurance or dwelling fire, homeowners, private passenger automobile or other property or casualty coverages classified or customarily def…

(1) No producer or any employee on their behalf, shall collect from any resident of this state monies representing premium for payment of insurance unless such licensee issues a receipt to such person which clearly shows on the receipt, or on the application from which the receip…

Any insurer or producer failing to comply with the requirements of this Chapter shall be subject to such penalty as may be appropriate under the insurance laws of the State of Alabama. Author: Commissioner of Insurance Notes Ala. Admin. Code r. 482-1-072-.06 New Rule: July 7, 198…

If any provision of this chapter is held invalid, the remainder shall not be affected thereby. Author: Commissioner of Insurance Notes Ala. Admin. Code r. 482-1-072-.07 New Rule: July 7, 1982; effective October 1, 1982. Revised: December 22, 2004; effective January 1, 2005. Filed…

This chapter will become effective October 1, 1982. Author: Commissioner of Insurance Notes Ala. Admin. Code r. 482-1-072-.08 New Rule: July 7, 1982; effective October 1, 1982. Revised: December 22, 2004; effective January 1, 2005. Filed with LRS December 22, 2004. Rule is not su…

This chapter is promulgated by the Commissioner of Insurance pursuant to Section 27-2-17, et al., Code of Ala. 1975. Author: Commissioner of Insurance Notes Ala. Admin. Code r. 482-1-073-.01 New: October 17, 1984; effective November 15, 1984. Filed for codification in the Alabama…

The purpose of the chapter is to permit individual life insurance policies to provide the same cash surrender values and paid-up nonforfeiture benefits to both men and women. No change in minimum valuation standards is implied by this chapter. Author: Commissioner of Insurance No…

(1) 1980 CSO Table, with or without Ten-Year Select Mortality Factors. The mortality table, consisting of separate rates of mortality for male and female lives, developed by the Society of Actuaries Committee to Recommend New Mortality Tables for Valuation of Standard Individual …

For any policy of insurance on the life of either a male or female insured delivered or issued for delivery in this state beyond January 1, 1989, and after the operative date of Section 27-15-28 for that policy form, (a) a mortality table which is a blend of the 1980 CSO Table (M…

It shall not be a violation of the "Trade Practices Law" (Section 27-12-1, et seq., Code of Ala. 1975) for an insurer to issue the same kind of policy of life insurance on both a sex distinct and sex neutral basis. Author: Commissioner of Insurance Notes Ala. Admin. Code r. 482-1…

If any provision of this chapter or the application thereof to any person or circumstance is for any reason held to be invalid, the remainder of the chapter and the application of such provision to other persons or circumstances shall not be affected thereby. Author: Commissioner…

The effective date of this chapter is November 15, 1984. Author: Commissioner of Insurance Notes Ala. Admin. Code r. 482-1-073-.07 New: October 17, 1984; effective November 15, 1984. Filed for codification in the Alabama Administrative Code by the Department of Insurance on Decem…

Notes Ala. Admin. Code r. 482-1-074-.01 New Rule: November 2, 1984; effective August 1, 1985. Filed for codification in the Alabama Administrative Code by the Department of Insurance on July 5, 2005, pursuant to the Code of Ala. 1975, § 27-7-43. Repealed by Alabama Administrative…

Notes Ala. Admin. Code r. 482-1-074-.02 New Rule: November 2, 1984; effective August 1, 1985. Filed for codification in the Alabama Administrative Code by the Department of Insurance on July 5, 2005, pursuant to the Code of Ala. 1975, § 27-7-43. Repealed by Alabama Administrative…

Notes Ala. Admin. Code r. 482-1-074-.03 New Rule: November 2, 1984; effective August 1, 1985. Filed for codification in the Alabama Administrative Code by the Department of Insurance on July 5, 2005, pursuant to the Code of Ala. 1975, § 27-7-43. Repealed by Alabama Administrative…

Notes Ala. Admin. Code r. 482-1-074-.04 New Rule: November 2, 1984; effective August 1, 1985. Filed for codification in the Alabama Administrative Code by the Department of Insurance on July 5, 2005, pursuant to the Code of Ala. 1975, § 27-7-43. Repealed by Alabama Administrative…

This Rule is promulgated by the Commissioner of Insurance pursuant to Sections 27-15-70 to 27-15-83, of the Code of Ala. 1975. Notes Ala. Admin. Code r. 482-1-075-.01 New: November 4, 1985; effective November 15, 1985. Filed for codification in the Alabama Administrative Code by …

The purpose of this chapter is to permit the use of mortality tables that reflect differences in mortality between smokers and nonsmokers in determining minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits for plans of insura…

The following definitions shall apply for purposes of this chapter: (1) 1980 CSO TABLE, WITH OR WITHOUT TEN-YEAR SELECT MORTALITY FACTOR. The mortality table, consisting of separate rates of mortality for male and female lives, developed by the Society of Actuaries Committee to R…

(1) For any policy of insurance delivered or issued for delivery in this state after the operative date of Section 27-15-78(k) for that policy form and before January 1, 1989, at the option of the company and subject to the conditions stated in Rule 482-1-075-.05 of this chapter,…

For each plan of insurance with separate rates for smokers and nonsmokers an insurer may (a) use composite mortality tables to determine minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits, (b) use smoker and nonsmoker morta…

If any provision of this chapter or the application thereof to any person or circumstance is for any reason held to be invalid, the remainder of the chapter and the application of such provision to other persons or circumstances shall not be affected thereby. Notes Ala. Admin. Co…

The effective date of this chapter is November 15, 1985. Notes Ala. Admin. Code r. 482-1-075-.07 New: November 4, 1985; effective November 15, 1985. Filed for codification in the Alabama Administrative Code by the Department of Insurance on December 16, 2003, pursuant to the Code…

This Chapter is promulgated by the Commissioner of Insurance pursuant to Sections 27-2-17 and 27-36A-1 to 27-36A-20, Code of Ala. 1975. Notes Ala. Admin. Code r. 482-1-076-.01 New Rule: December 6, 1985; effective December 16, 1985. Revised: October 23, 1998; effective January 1,…

The purpose of this Chapter is to recognize the following mortality tables for use in determining the minimum standard of valuation for annuity and pure endowment contracts: the 1983 Table "a," the 1983 Group Annuity Mortality (1983 GAM) Table, the Annuity 2000 Mortality Table, t…

The following definitions shall apply for purposes of this Chapter: (a) 1983 Table "a". That mortality table developed by the Society of Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity Valuation and adopted as a recognized mortality table for annuiti…

(1) Except as provided in Paragraphs (2) and (3) of this Rule, the 1983 Table "a" is recognized and approved as an individual annuity mortality table for valuation and, at the option of the company, may be used for purposes of determining the minimum standard of valuation for any…

(1) Except as provided in Paragraphs (2) and (3) of this Rule, the 1983 GAM Table, the 1983 Table "a" and the 1994 GAR Table are recognized and approved as group annuity mortality tables for valuation and, at the option of the company, any one of these tables may be used for purp…

In using the 1994 GAR Table, the mortality rate for a person age x in year (1994 + n) is calculated as follows: Click to view image where the qx1994s and AAxs are as specified in the 1994 GAR Table. Notes Ala. Admin. Code r. 482-1-076-.06 New Rule: December 6, 1985; effective Dec…

(1) In using the 2012 IAR Mortality Table, the mortality rate for a person age x in year (2012 + n) is calculated as follows: Click to view image (2) The resulting qx2012+n shall be rounded to three decimal places per 1,000, e.g., 0.741 deaths per 1,000. Also, the rounding shall …

If any provision of this Chapter or the application thereof to any person or circumstances is for any reason held to be invalid, the remainder of the Chapter and the application of such provision to other persons or circumstances shall not be affected thereby. Notes Ala. Admin. C…

The provisions of this Chapter shall become effective January 1, 2015, upon its approval by the Commissioner of Insurance, and upon its having been on file as a public document in the office of the Secretary of State for ten days. Notes Ala. Admin. Code r. 482-1-076-.09 Amended b…

This chapter is adopted pursuant to Code of Ala. 1975, §§ 27-2-17 and 27-37-1. Notes Ala. Admin. Code r. 482-1-077-.01 New Rule: November 13, 1986; effective February 14, 1987. Supplemented May 29, 1990; effective July 1, 1990. Revised: January 25, 1996; effective February 5, 199…

The purpose of this chapter is to define the use of clearing corporations and custodians by domestic insurance companies and set out requirements of custody agreements. Notes Ala. Admin. Code r. 482-1-077-.02 New Rule: November 13, 1986; effective February 14, 1987. Supplemented …

The following definitions shall apply for the purposes of this chapter: (a) AGENT. A national bank, state bank or trust company that maintains an account in its name in a clearing corporation or that is a member of the Federal Reserve System and through which a custodian particip…

(1) An insurance company may, by written agreement with a custodian, provide for the custody of its securities with a custodian. The securities that are the subject to the agreement may be held by the custodian or its agent or in a clearing corporation. (2) The agreement shall be…

(1) Nothing in this chapter shall prevent an insurance company from depositing securities with another insurance company with which the depositing insurance company is affiliated, provided that the securities are deposited pursuant to a written agreement authorized by the board o…

If any portion of this chapter or its applicability to any person or circumstance is held invalid by a court, the remainder of the chapter or the applicability of the provision to other persons or circumstances shall not be affected. Notes Ala. Admin. Code r. 482-1-077-.06 New Ru…

This chapter shall be effective upon its approval by the commissioner of insurance and upon its having been on file as a public document in the office of the Secretary of State for ten days. Notes Ala. Admin. Code r. 482-1-077-.07 Adopted by Alabama Administrative Monthly Volume …

The chapter is made and promulgated by the undersigned Commissioner of Insurance pursuant to the authority set forth in Section 27-2-17, et al., Code of Ala. 1975. Notes Ala. Admin. Code r. 482-1-078-.01 New Rule: November 14, 1986; effective February 14, 1987. Filed for codifica…

The purpose of this chapter is to provide for the insurer to be the named payee on checks written for premiums and annuity considerations; to prohibit an agent or agency from being named as the payee; and to require agents to provide receipts for premium and annuity consideration…

This chapter shall be applicable to individual policies of life, accident and health insurance and annuities when the premium payment or annuity consideration is made through an agent. Nothing herein shall apply to policies on which premium payments are paid through direct respon…

All premium checks and annuity considerations shall be made payable to the insurance company or annuity company writing such policy of insurance or annuity. In no instance is an agent allowed to receive a premium or annuity consideration check made payable to any person other tha…

(1) Authorized receipts from the insurance company or its agents writing such policy of insurance or annuity contract shall be given to the applicant, policyholder, or annuitant at the time of receipt of the premium check or annuity consideration. (2) Such receipt shall be on the…

If any provision of this chapter or the application thereof to any person or circumstance is for any reason held to be invalid the remainder of the chapter and the application of such provision to other persons or circumstances shall not be affected thereby. Notes Ala. Admin. Cod…

This chapter shall be effective on February 14, 1987. Notes Ala. Admin. Code r. 482-1-078-.07 New Rule: Filed November 14, 1986; effective February 14, 1987. Filed for codification in the Alabama Administrative Code by the Department of Insurance on April 23, 2004, pursuant to th…

The following chapters shall govern the issuance of Certificates of Authority and operation of health maintenance organizations pursuant to the authority set forth in Section 27-2-17 and Section 27-21A-19 Code of Ala. 1975. Author: Commissioner of Insurance Notes Ala. Admin. Code…

(1) All terms defined in the Health Maintenance Organization Act which are used in these rules shall have the same meaning as in the Act. (2) HMO. Health maintenance organizations shall be abbreviated as HMO in these rules. (3) Governing Authority. The entity, whether natural, co…

(1) An application, on forms provided by the Commissioner, accompanied by the greater of a filing fee of Fifty Dollars and a Commissioner's seal fee of Five Dollars (totaling $55.00) or the amount levied by the state of domicile, payable to the Commissioner, shall be completed by…

Enrollee contracts mean the certificate or contract provided to the enrollee which describes the health care services provided and the amount to be charged. Individual or family contracts must contain the entire agreement between the HMO and the enrollees, including but not limit…