Ala. Admin. Code r. 482-1-058-.04

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

Section 482-1-058-.04 - Producer On "Account Current Basis" With Insurers

Any producer operating on an "account current basis" or any other type of credit arrangement with an insurer or a general agent of an insurer must be appointed as a producer to represent that insurer if he or she submits more than 10 policies to the insurer or general agent in any one calendar month.

Ala. Admin. Code r. 482-1-058-.04

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.