Ala. Admin. Code r. 482-1-124-.02

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

Section 482-1-124-.02 - Purpose

(1) The purpose of this chapter is to set forth minimum standards for the investigation and disposition of life, accident and health claims arising under policies or certificates issued pursuant to State law. It is not intended to cover claims involving workers' compensation nor credit insurance. Evidence of violation of this chapter and the provisions contained herein shall be utilized for the purpose of administrative and regulatory proceedings conducted by the Department of Insurance and shall not be utilized for any other purpose or admissible as evidence for any purpose in any civil or criminal court proceeding. This is merely a clarification of original intent and does not indicate any change of position.

(2) An insurer's compliance with the standards established by Section 503 of the Employee Retirement Income Security Act of 1974 (ERISA) and regulations issued thereunder shall constitute compliance with the requirements of this chapter.

Author: Commissioner of Insurance

Ala. Admin. Code r. 482-1-124-.02

New Rule: May 27, 2003; effective June 9, 2003. Filed with LRS May 30, 2003. Rule is not subject to the Alabama Administrative Procedure Act.

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-1-17, 27-1-19, 27-12-21, 27-12-24, 27-15-13, 27-16-10, 27-17-11, 27-19-11, 27-19-12.