Ala. Admin. Code r. 482-1-078-.04

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

Section 482-1-078-.04 - Named Payee On Premium Checks

All premium checks and annuity considerations shall be made payable to the insurance company or annuity company writing such policy of insurance or annuity. In no instance is an agent allowed to receive a premium or annuity consideration check made payable to any person other than the insurer.

Ala. Admin. Code r. 482-1-078-.04

New Rule: November 14, 1986; effective February 14, 1987. Filed for codification in the Alabama Administrative Code by the Department of Insurance on April 23, 2004, pursuant to the Code of Ala. 1975, § 27-7-43. Revised: June 11, 2009; effective July 1, 2009. Filed with LRS June 12, 2009. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

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