Ala. Admin. Code r. 482-1-062-.02

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

Section 482-1-062-.02 - Purpose

The purpose of this chapter is intended to clarify and set out the basic responsibilities of producers and licensed insurers as to extension or restriction of property and casualty insurance coverages by use of a binder, certificate of insurance, indemnity agreement or any other type of instrument.

Author: Commissioner of Insurance

New Rule: Filed February 28, 1977; effective March 10, 1977. Revised: Filed May 25, 2004; effective June 5, 2004. Filed with LRS May 26, 2004. Rule is not subject to the Alabama Administrative Procedure Act.

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-14-8, etseq.