Ala. Admin. Code r. 482-1-126-.09

Current through Register Vol. 43, No. 02, November 27, 2024

Section 482-1-126-.09 - Oversee Service Provider Arrangements

The licensee:

(a) Exercises appropriate due diligence in selecting its service providers.

(b) Requires its service providers to implement appropriate measures designed to meet the objectives of this regulation, and, where indicated by the licensee's risk assessment, takes appropriate steps to confirm that its service providers have satisfied these obligations.

Author: Commissioner of Insurance

Ala. Admin. Code r. 482-1-126-.09

New Rule: May 6, 2003; effective May 16, 2003. Filed with LRS May 7, 2003. Rule is not subject to the Alabama Administrative Procedure Act.

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-7-44; 15 U.S.C. §§6801 - 6827.