Ala. Admin. Code r. 482-1-152-.01

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

Section 482-1-152-.01 - Purpose

The purposes of this chapter are to require that rate filings for specified classes of personal lines property insurance set forth separate rates for hurricane coverage, all other wind/hail coverage, and all other perils; that such rates be actuarially supported and filed and approved before use; and that the separate premiums for hurricane coverage, all other wind/hail coverage, and all other perils coverage be prominently displayed on a document in a manner approved by the department.

Ala. Admin. Code r. 482-1-152-.01

New Rule: September 23, 2013; effective October 3, 2013. Filed with LRS September 23, 2013. Rule is not subject to the Alabama Administrative Procedure Act.

Authority: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-13-1 et seq., 27-14-8 through 27-14-11.