Ala. Admin. Code r. 482-1-157-.02

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

Section 482-1-157-.02 - Definitions

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 additional major line of authority.

(c) An application for resident license as an independent insurance adjuster.

(d) An application for license as an independent insurance adjuster by a non-resident who is designating Alabama as his or her home state.

(e) An application for an additional line of authority as independent insurance adjuster by either a resident licensee or non-resident licensee who has designed Alabama as his or her home state.

(2) MAJOR LINE OF AUTHORITY. The following lines of authority as defined in Code of Ala. 1975, § 27-7-14.1 (2013): Life; Accident and Health or Sickness, commonly known as Disability; Property; Casualty; Variable Life and Variable Annuity Products; Personal Lines; and Bail Bond.

Ala. Admin. Code r. 482-1-157-.02

Adopted by Alabama Administrative Monthly Volume XXXIII, Issue No. 01, October 31, 2014, eff. 1/1/2015.

Author: Commissioner of Insurance

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