Alabama Administrative Code

(1) All portable electronics insurance vendors licensed in Alabama are limited lines insurance producers and are thus subject to the same renewal requirements of insurance producers as set forth in Chapter 482-1-110, except they are not required to complete any continuing educati…

(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 regulation or the applicability of the provision to other persons or circumstances shall not be affected. (2) This regulation shall become eff…

(1) The purpose of this chapter is to prescribe consequences for failure of payments due to the Department. (2) This chapter shall apply to all individuals and business entities tendering, or obligated to tender, payment to the Department for a fee or charge of any kind. (3) This…

As used in this chapter: (a) ASSESSMENTS AND FINES. Monetary amounts due for payment to the Department and designated as an assessment, a fine, or a penalty in any order, consent order, settlement, warning letter agreement, or other form of unilateral or mutually agreed-to dispos…

(1) Upon being informed of a payment failure concerning a license fee, the Department will issue to the licensee written notice of intent to suspend the license if the license fee, together with any additional charges occasioned by the payment failure, are not paid in full by the…

(1) Upon being informed of a payment failure concerning an assessment or fine involving a licensee, the Department will issue to the licensee written notice of intent to suspend the licensee's license if the balance of the assessment or fine then due, together with any additional…

(1) f a payment failure involves a check tendered for any license fee, assessment or fine, or any other type of fee or charge of any kind, the person remitting the check shall pay a bad check charge of $30.00 or the maximum amount allowed under Code of Ala. 1975, § 8-8-15 (1997) …

(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…

(1) The purpose of this chapter is to set the charge for the publication of certain materials for public distribution. (2) This chapter is adopted pursuant to Code of Ala. 1975, §§ 27-2-16 and 27-2-17. Notes Ala. Admin. Code r. 482-1-155-.01 New Rule: July 29, 2013; effective Aug…

The price for obtaining a directory on compact disk of each producer licensed in this state is $200.00. Notes Ala. Admin. Code r. 482-1-155-.02 New Rule: July 29, 2013; effective August 8, 2013. Filed with LRS July 29, 2013. Rule is not subject to the Alabama Administrative Proce…

(1) Electronic copies of rating manuals are freely available through the Web site maintained by Department of Insurance. (2) The price for providing an electronic copy of a particular insurer's rating manual by Department of Insurance staff is $10.00. (3) In the event the electro…

(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…

This chapter is adopted pursuant to Sections 27-2-17 and 27-5B-1, et seq., Code of Ala. 1975. Notes Ala. Admin. Code r. 482-1-156-.01 New Rule: October 9, 2013; effective January 1, 2014. Filed with LRS October 9, 2013. Rule is not subject to the Alabama Administrative Procedure …

The purpose of this chapter is to set forth rules and procedural requirements which the Commissioner deems necessary to carry out the provisions of the Reinsurance Credit Law, Chapter 5B of Title 27, beginning with Section 27-5B-1, Code of Ala. 1975 ("the Act"). The actions and i…

If any provision of this chapter, or the application of the provision to any person or circumstance, is held invalid, the remainder of the chapter, and the application of the provision to persons or circumstances other than those to which it is held invalid, shall not be affected…

Pursuant to Section 27-5B-4, the Commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that was licensed in this state as of any date on which statutory financial statement credit for reinsurance is claimed. Notes Ala. Admin. Code r. 4…

(1) Pursuant to Section 27-5B-5, the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that is accredited as a reinsurer in this state as of the date on which statutory financial statement credit for reinsurance is claimed. An accr…

(1) Pursuant to Section 27-5B-6, the Commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer which complies with all of the following as of any date on which statutory financial statement credit for reinsurance is claimed: (a) Is domicil…

(1) Pursuant to Section 27-5B-7, the Commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer which, as of any date on which statutory financial statement credit for reinsurance is claimed, and thereafter for so long as credit for reinsur…

(1) Pursuant to Section 27-5B-8, the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that has been certified as a reinsurer in this state at all times for which statutory financial statement credit for reinsurance is claimed unde…

(1) Pursuant to Section 27-5B-8.1, as added to the Code of Ala. 1975 by Alabama Act No. 2021-235, the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that is licensed to write reinsurance by, and has its head office or is domicil…

Pursuant to Section 27-5B-9, the Commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of Sections 27-5B-4, 27-5B-5, 27-5B-6, 27-5B-7, 27-5B-8, 27-5B-8.1, or other appropriate section of the Act, but only w…

(1) Pursuant to Section 27-5B-14, the Commissioner shall allow a reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of Sections 27-5B-4, 27-5B-5, 27-5B-6, 27-5B-7, 27-5B-8, 27-5B-8.1, 27-5B-9, 27-5B-10, or 27-5…

(1) As used in this rule: (a) "Beneficiary" means the entity for whose sole benefit the trust has been established and any successor of the beneficiary by operation of law. If a court of law appoints a successor in interest to the named beneficiary, then the named beneficiary inc…

(1) The letter of credit must be clean, irrevocable, and unconditional and issued or confirmed by a qualified United States financial institution as defined in the Act. The letter of credit shall contain an issue date and date of expiration and shall stipulate that the beneficiar…

A ceding insurer may take credit for unencumbered funds withheld by the ceding insurer in the United States subject to withdrawal solely by the ceding insurer and under its exclusive control. Notes Ala. Admin. Code r. 482-1-156-.13 New Rule: October 9, 2013; effective January 1, …

Credit will not be granted, nor an asset or reduction for liability allowed, to a ceding insurer for reinsurance effected with assuming insurers meeting the requirements of Rules 482-1-156-.04, 482-1-156-.05, 482-1-156-.06, 482-1-156-.07, 482-1-156-.08, 482-1-156-.08.1, or 482-1-…

All new and renewal reinsurance transactions entered into after December 31, 2013, shall conform to the requirements of the Act and this chapter if credit is to be given to the ceding insurer for such reinsurance. Notes Ala. Admin. Code r. 482-1-156-.15 New Rule: October 9, 2013;…

This chapter shall become effective January 1, 2014, 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. 482-1-156-.16 New Rule: October 9, 2013; e…

(1) The purposes of this chapter are as follows: (a) To set forth rules the Commissioner deems necessary to carry out the provisions of Code of Ala. 1975, § 27-7-4.4 (2014), relating to conducting a criminal history background check on applicants for license as insurance producer…

The following definitions shall apply in this chapter: (1) APPLICABLE APPLICATION. Any of the following: (a) An initial application for a resident license as insurance producer for any major line of authority. (b) An application for resident license as insurance producer for an a…

(1) Any individual submitting an applicable application for license shall be required to be fingerprinted by the approved third party contractor designated by the Alabama Department of Insurance, submit the required nonrefundable and nontransferable fee, and authorize the Alabama…

(1) If any rule or portion of a rule or its applicability to any person or circumstance is held invalid by any 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 effecti…

(1) The purpose of this chapter is to set forth rules the Commissioner deems necessary to carry out the provisions of Code of Ala. 1975, § 27-25-4.6 (2014), relating to conducting a criminal history background check on all applicants for license as title insurance agent. (2) This…

(1) Any individual submitting an application for an initial license as title insurance agent shall be required to be fingerprinted by the approved third party contractor designated by the Alabama Department of Insurance, submit the required nonrefundable and nontransferable fee, …

(1) If any rule or portion of a rule or its applicability to any person or circumstance is held invalid by any 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 effecti…

(1) The purpose of this chapter is to set forth rules and requirements the Commissioner deems necessary to carry out the provisions of Ala. Code 1975, §§ 27-31E-1 through 5, relating to the Strengthen Alabama Homes (SAH) program. (2) This chapter shall apply to all aspects of the…

(1) Eligibility. To be eligible for an SAH grant, an applicant must meet the following requirements: (a) Homeowner must claim its primary residence in a county where grants are being approved. (b) The home that is the subject of the grant must be an owner occupied, single-family,…

Notes Ala. Admin. Code r. 482-1-159-.03 Adopted by Alabama Administrative Monthly Volume XXXIII, Issue No. 11, August 31, 2015, eff. 1/1/2016. Amended by Alabama Administrative Monthly Volume XXXV, Issue No. 09, June 30, 2017, eff. 7/24/2017. Repealed by Alabama Administrative Mo…

(1) Where the SAH program is made available, grant applications will be accepted on a first-come, first-served basis. (2) The Commissioner of Insurance may establish projects as needed to establish a sustainable distribution system of the program in any geographic area within the…

(1) If any rule or portion of a rule or its applicability to any person or circumstance is held invalid by any 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 effecti…

To be eligible to work on the SAH program as a Contractor, the Contractor must meet all of the following program requirements and must maintain a current copy of all certificates, licenses, and proof of insurance coverages with the program office: (a) The Contractor must hold a v…

(1) Contractors may not have a financial interest in any project for which they perform work toward a FORTIFIED designation other than for payment on behalf of the homeowner by the SAH program. (2) Contractors cannot be the Evaluator for a FORTIFIED designation on any project fun…

To be eligible to work on the SAH program as an Evaluator, the Evaluator must meet all program eligibility requirements, must submit and maintain a copy of all current certificates and licenses, and comply with the following: (a) The Evaluator must be in good standing with the In…

(1) Evaluators may not have a financial interest in any project for which they inspect for designation purposes for the SAH program (SAH). (2) Evaluators cannot be a contractor or supplier of any materials and/or products or systems installed in any home that they inspection for …

(1) The purpose of this chapter is to set forth rules the Commissioner deems necessary to carry out the provisions of Code of Ala. 1975, § 41-1-11, permitting the increase of certain fees by the percentage increase in the Consumer Price Index for all urban consumers as published …

The Commissioner of Insurance hereby sets the following fee as is declared necessary for the administration and enforcement of Chapter 32 of Title 8, Code of Ala. 1975, relating to the regulation of service contracts sold to consumers in this state, adjusted according to Code of …

The Commissioner of Insurance hereby sets the following fees as are declared necessary for the administration and enforcement of Chapter 40 of Title 27, Code of Ala. 1975, relating to the regulation of premium finance companies, adjusted according to Code of Ala. 1975, § 41-1-11:…

The Commissioner of Insurance hereby sets the following assessment fee as is declared necessary for the administration and enforcement of Article 3 of Chapter 12A of Title 27, Code of Ala. 1975, relating to the Insurance Fraud Unit, adjusted according to Code of Ala. 1975, § 41-1…

(1) This chapter is adopted pursuant to Code of Ala. 1975, §§ 27-2-17, 27-7-43, and 27-36A-15. (2) The purpose of this chapter is to formally adopt the most recent changes to the Valuation Manual adopted by the NAIC as specified in Chapter 36A of Title 27, Code of Ala. 1975, in a…