Ala. Admin. Code r. 482-1-081-.05

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

Section 482-1-081-.05 - Examination And Licensing Of Producers

(1) Any producer who acts as, holds himself out as representing an HMO, or claims to be a producer of the HMO must comply with all the requirements of a disability producer as set forth in Sections 27-7-1 et seq., Code of Ala. 1975, and have a current appointment to represent the HMO.

(2) The HMO must comply with the provisions of Chapter 7 of Title 27 with regard to the obtaining a license for each producer of the HMO, paying the appropriate fees for licensing the producers and paying commissions only to licensed producers. (3) If the applicant is a partnership or corporation, the examination shall be taken and licensing requirements met by each individual who is to be designated in the appointment as having authority to act for the applicant under the license.

New Rule: Filed April 22, 1987; effective May 8, 1987. Revised: Filed August 13, 2004; effective August 27, 2004. Filed with LRS August 17, 2004. Rule is not subject to the Alabama Administrative Procedure Act.

Amended by Alabama Administrative Monthly Volume XLII, Issue No. 09, June 28, 2024, eff. 7/1/2024.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-21A-19.