Ala. Admin. Code r. 482-1-142-.07

Current through Register Vol. 43, No. 1, October 31, 2024

Section 482-1-142-.07 - Subsequent Reports

When such a report has been provided to the commissioner by a company in accordance with paragraphs .04 and .06 of this chapter, no further report concerning subsequent changes in his status as an officer or director of such company need be reported to the commissioner provided; however, the company shall promptly report to the commissioner any information concerning the conviction of an officer or director for a felony or the naming of a director, trustee or officer, other than as a party plaintiff or complainant, in any criminal action or in a civil action in which fraud was an issue.

Ala. Admin. Code r. 482-1-142-.07

New: Filed December 19, 2007; effective January 1, 2008. Filed with LRS December 19, 2007. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

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