Ala. Admin. Code r. 482-1-113-.01

Current through Register Vol. 43, No. 1, October 31, 2024

Section 482-1-113-.01 - Purpose

The purpose of this chapter is to regulate accelerated benefit provisions of individual and group life insurance policies and to provide required standards of disclosure. This chapter shall apply to all accelerated benefits provisions of individual and group life insurance policies, except those subject to the Long-Term Care Insurance regulation, issued or delivered in this state, on or after the effective date of this chapter.

Author: Commissioner of Insurance

Ala. Admin. Code r. 482-1-113-.01

New: September 23, 1996; effective January 1, 1997. Filed for codification in the Alabama Administrative Code by the Department of Insurance on November 14, 2005, pursuant to the Code of Ala. 1975, § 27-7-43.

Statutory Authority:Code of Ala. 1975, § 27-2-17.