Alabama Administrative Code

Notes Ala. Admin. Code r. 482-1-148-.14 New Rule: October 18, 2012; effective January 1, 2013. Filed with LRS October 18, 2012. Rule is not subject to the Alabama Administrative Procedure Act. Repealed by Alabama Administrative Monthly Volume XLI, Issue No. 10, July 31, 2023, eff…

(1) If any rule or portion of a rule or its applicability to any person or circumstance is held invalid by a court, the remainder of this chapter or the applicability of the provision to other persons or circumstances shall not be affected. (2) This chapter shall become effective…

The purpose of this chapter is to prescribe requirements for the filing of loss reserve actuarial opinions, actuarial opinion summary, and actuarial report and workpapers by property and casualty insurers. Notes Ala. Admin. Code r. 482-1-149-.01 New Rule: December 15, 2009; effec…

This chapter shall apply to all property and casualty insurers authorized or admitted to transact business in this state. Notes Ala. Admin. Code r. 482-1-149-.02 New Rule: December 15, 2009; effective January 1, 2010. Filed with LRS December 17, 2009. Rule is not subject to the A…

This chapter is adopted pursuant to Sections 27-2-17 and 27-3-26.1, Code of Ala. 1975. Notes Ala. Admin. Code r. 482-1-149-.03 New Rule: December 15, 2009; effective January 1, 2010. Filed with LRS December 17, 2009. Rule is not subject to the Alabama Administrative Procedure Act…

(a) COMMISSIONER. The Alabama Commissioner of Insurance. (b) DEPARTMENT. The Alabama Department of Insurance. (c) NAIC. The National Association of Insurance Commissioners. Notes Ala. Admin. Code r. 482-1-149-.04 New Rule: December 15, 2009; effective January 1, 2010. Filed with …

(a) Every property and casualty insurer authorized or admitted to transact business in this State shall annually submit the opinion of an appointed actuary entitled "Statement of Actuarial Opinion." (b) The actuarial opinion required pursuant to (a) above shall be filed in accord…

(a) Every property and casualty insurance company domiciled in this state that is required to annually submit a Statement of Actuarial Opinion shall annually submit an Actuarial Opinion Summary, written by the company's Appointed Actuary. This Actuarial Opinion Summary shall be f…

(a) Every property and casualty insurance company domiciled in this state that is required to annually submit a statement of actuarial opinion shall annually file, by May 1 of each year, an Actuarial Report and underlying workpapers that are required to be prepared by the appropr…

(a) The Statement of Actuarial Opinion shall be provided with the Annual Statement in accordance with the appropriate NAIC Property and Casualty Annual Statement Instructions and shall be treated as a public document. (b) Documents, materials or other information in the possessio…

If any provision of this chapter, or the application thereof to any person or circumstance, is held invalid, such determination shall not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to that en…

This chapter shall become effective January 1, 2010, 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 and shall apply to annual statements for the year 2010 and thereafter…

The purpose of this chapter is to provide requirements for property insurers to periodically inform their insureds of their option to request a change to their Dwelling Coverage Limit. This chapter shall not be interpreted as creating an obligation, or duty, on behalf of insurers…

This chapter is promulgated by the Commissioner of Insurance pursuant to the general authority in Ala. Code § 27-2-17 to address trade practices in the business of insurance. Notes Ala. Admin. Code r. 482-1-150-.02 New Rule: November 9, 2010; effective November 22, 2010. Filed wi…

This chapter applies to Insurers as defined in 482-1-150-.04(f). Notes Ala. Admin. Code r. 482-1-150-.03 New Rule: November 9, 2010; effective November 22, 2010. Filed with LRS November 10, 2010. Rule is not subject to the Alabama Administrative Procedure Act. Author: Commissione…

For purposes of this chapter: (a) Dwelling Coverage means property insurance, typically designated as "Coverage A" in a homeowner insurance policy (and not including Coverage B - Other Structures), written by an Insurer on a dwelling used principally or primarily as a private res…

Within the time specified in 482-1-150-.07, an Insurer shall have in effect and adhere to an Estimated Replacement Cost Method which complies with the requirements of this chapter and is in a format that can be made available to the Commissioner in conjunction with an examination…

The Estimated Replacement Cost Method used by an Insurer shall include the following: (a) A description of the method(s) used by the Insurer to establish the initial Dwelling Coverage Limit or to change the Dwelling Coverage Limit at renewal. At the Insurer's election, the method…

An Estimated Replacement Cost Method meeting the requirements of this chapter shall be put in effect and its use commenced on a date specified by the insurer, and the Method shall be applied to all new and renewal polices written after that date. The effective date specified by t…

The provisions of this chapter are severable. If any provision or the application thereof to any person or circumstance is held invalid for any reason, the invalidity shall not affect the other provisions or any other application of this chapter which can be given effect without …

Subject to the implementation schedule in Rule 482-1-150-.07, this chapter shall become 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 …

(1) The purposes of this chapter are as follows:(a) To set forth rules and procedural requirements the Commissioner deems necessary to carry out the provisions of Chapter 9A, Code of Ala. 1975, Tit. 27, relating to the licensing of independent adjusters, apprentice independent ad…

Notes Ala. Admin. Code r. 482-1-151-.02 New Rule: October 18, 2012; effective October 28, 2012. Filed with LRS October 18, 2012. Rule is not subject to the Alabama Administrative Procedure Act. Repealed by Alabama Administrative Monthly Volume XLI, Issue No. 10, July 31, 2023, ef…

An independent adjuster may qualify for a license in one or more of the following lines of authority: (a) Property and Casualty. As described in Code of Ala. 1975, §§ 27-5-5 and 27-5-6. (b) Workers' compensation. As described for "workmen's compensation and employer's liability" …

Notes Ala. Admin. Code r. 482-1-151-.03 New Rule: October 18, 2012; effective October 28, 2012. Filed with LRS October 18, 2012. Rule is not subject to the Alabama Administrative Procedure Act. Amended by Alabama Administrative Monthly Volume XXXVI, Issue No. 02, November 30, 201…

Notes Ala. Admin. Code r. 482-1-151-.04 New Rule: October 18, 2012; effective October 28, 2012. Filed with LRS October 18, 2012. Rule is not subject to the Alabama Administrative Procedure Act. Repealed by Alabama Administrative Monthly Volume XLI, Issue No. 10, July 31, 2023, ef…

Notes Ala. Admin. Code r. 482-1-151-.05 New Rule: October 18, 2012; effective October 28, 2012. Filed with LRS October 18, 2012. Rule is not subject to the Alabama Administrative Procedure Act. Repealed by Alabama Administrative Monthly Volume XLI, Issue No. 10, July 31, 2023, ef…

(1) (a) Except as provided in paragraph (3), all individuals must successfully pass an examination prior to becoming licensed as an independent adjuster for the following lines of authority: 1. Property and Casualty, excluding Workers' Compensation and Crop. 2. Workers' Compensat…

(1) Business Entity Independent Adjuster. A business entity may be issued an independent adjuster license in accordance with the following: (a) To be licensed as an independent adjuster, a business entity must be a corporation, a limited liability company, a partnership, a limite…

(1) An individual otherwise qualified as an independent adjuster except as to having taken and passed the written examination may apply for an apprentice independent adjuster license, according to the requirements set forth in this rule for one or more of the following lines of i…

(1) An individual may be registered as an Emergency Independent Adjuster according to the requirements set forth in this rule. (2) The insurer shall complete the Department's on-line emergency independent adjuster registration process to register each emergency independent adjust…

(1) All independent adjusters licensed in the State of Alabama are required to complete an application for license renewal with the Department according to the schedule set forth in this rule, which shall include the payment of the applicable fees, provided in Code of Ala. 1975, …

(1) Individual licensees shall satisfactorily complete such courses or programs of instruction as may be approved in accordance with this chapter in the minimum number of 24 classroom hours, 3 hours of which shall be on the topic of ethics, in order to be eligible to renew an ind…

(1) The Commissioner shall approve and authorize providers of continuing education courses and programs, and will designate any such course as being acceptable for the purposes of this chapter. Each such authority holder must apply annually for the continued authority to offer co…

(1) (a) Every independent adjuster subject to this chapter shall complete an application for license renewal in accordance with Rule 482-1-151-.10. (b) The license of any individual or business entity independent adjuster failing to complete the application for license renewal wi…

(1) The willful violation of any material provision of this chapter may subject a licensee to an administrative proceeding. (2) By means of a settlement agreement and consent order, or by order issued after other appropriate administrative proceedings, an applicant may be issued …

Notes Ala. Admin. Code r. 482-1-151-.15 New Rule: October 18, 2012; effective October 28, 2012. Filed with LRS October 18, 2012. Rule is not subject to the Alabama Administrative Procedure Act. Repealed by Alabama Administrative Monthly Volume XLI, Issue No. 10, July 31, 2023, ef…

(1) If any rule or portion of a rule or its applicability to any person or circumstance is held invalid by a court, the remainder of this chapter or the applicability of the provision to other persons or circumstances shall not be affected. (2) This chapter shall become effective…

The purposes of this chapter are to require that rate filings for specified classes of personal lines property insurance set forth separate rates for hurricane coverage, all other wind/hail coverage, and all other perils; that such rates be actuarially supported and filed and app…

This regulation is adopted on the authority of Code of Ala. 1975, § 27-2-17, 27-13-1 et seq. ,27-14-8 through 27-14-11 (1975). Notes Ala. Admin. Code r. 482-1-152-.02 New Rule: September 23, 2013; effective October 3, 2013. Filed with LRS September 23, 2013. Rule is not subject t…

(1) This chapter applies to all insurers authorized to transact the property line of insurance in Alabama. (2) The requirements described in this chapter apply to the following classes of personal lines property insurance: homeowners and renters/tenants; condominium (unit owners)…

The following definitions apply for purposes of this chapter: (1) Hurricane coverage. Coverage for protection against wind/hail losses caused by a hurricane. (2) All other wind/hail coverage. Coverage for protection against all other wind/hail losses not caused by a hurricane. (3…

All property rate filings must provide property rates(including rating factors, rate or premium credits or surcharges, or rating tiers) for the basic policy separately for hurricane coverage, all other wind/hail coverage, and all other perils coverage in accordance with the imple…

(1) The requirements of this rule apply to all home owner, renters/tenants, and condominiums (unit owners) rate filings within the scope of this chapter made to the Department to be effective on or after January 1, 2018. All such rate filings shall be made on or before June 1, 20…

(1) The requirements of this rule apply to homeowner, renters/tenants, and condominiums (unit owners) policies of new business with an effective date on or after January 1, 2018 and to existing homeowner policies at the time of renewal with a renewal date on or after January 1, 2…

The provisions of this chapter are severable. If any provision or the application thereof to any person or circumstance is held invalid for any reason, the invalidity shall not affect the other provisions or any other application of this chapter which can be given effect without …

Subject to the implementation provisions, this chapter shall become 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. 482-1-152-.09 New…

(1) The purposes of this regulation are as follows: (a) To set forth rules and procedural requirements the Commissioner deems necessary to carry out the provisions of Chapter 22A, Code of Ala. 1975(2012), relating to the licensing of portable electronics insurance vendors as limi…

Unless the context otherwise requires, terms found in this regulation are used as defined in Code of Ala. 1975, § 27-22A-1 (2012). The following terms are defined for purposes of this regulation: (a) LARGE VENDOR. A vendor with more than 10 locations in Alabama. (b) LICENSEE. A p…

(1) A vendor of portable electronics insurance may be licensed as a limited lines insurance producer as either a business entity or an individual. Subject to the supervision and other requirements set forth in Code of Ala. 1975, § 27-22A-4, the employees and authorized representa…