Ala. Admin. Code r. 482-1-101-.01

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

Section 482-1-101-.01 - Purpose

The purpose of this chapter is to set forth the standards which the Commissioner may use for identifying insurers found to be in such condition as to render the continuance of their business hazardous to their policyholders, creditors or the general public. This chapter shall not be interpreted to limit nor expand the powers granted the Commissioner by any laws or parts of laws of this state, nor shall this chapter be interpreted to supersede any laws or parts of laws of this state.

New Rule: July 5, 1994; effective July 15, 1994. Filed for codification in the Alabama Administrative Code by the Department of Insurance on July 5, 2005, pursuant to the Code of Ala. 1975, § 27-7-43. Amended: April 23, 2009; effective May 5, 2009. Filed with LRS April 24, 2009. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, § 27-2-17, 27-2-33, 27-3-21, 27-21A-17, 27-32-1, et seq.