Ala. Admin. Code r. 482-1-058-.03

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

Section 482-1-058-.03 - Limitations Imposed On Submission Of Business Under Section 27-7-34

Any producer submitting business to another producer under the authority of Section 27-7-34, Code of Ala. 1975, shall not submit to the accepting producer on a "cash with application basis" more than 10 policies in any one calendar month. If a producer exceeds that number in any one calendar month, he or she must, at that time, secure a producer's appointment to represent the company. Failure to do so will be interpreted as violating the provisions Section of 27-7-34 and this Chapter.

New Rule: February 17, 1975; effective April 1, 1975. Revised: April 27, 2007; effective May 7, 2007. Filed with LRS April 27, 2007. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

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