Ala. Admin. Code r. 482-1-073-.02

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

Section 482-1-073-.02 - Purpose

The purpose of the chapter is to permit individual life insurance policies to provide the same cash surrender values and paid-up nonforfeiture benefits to both men and women. No change in minimum valuation standards is implied by this chapter.

Author: Commissioner of Insurance

Ala. Admin. Code r. 482-1-073-.02

New: October 17, 1984; effective November 15, 1984. Filed for codification in the Alabama Administrative Code by the Department of Insurance on December 16, 2003, pursuant to the Code of Ala. 1975, § 27-7-43.

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