Ala. Admin. Code r. 482-1-161-.01

Current through Register Vol. 42, No. 12, September 30, 2024

Section 482-1-161-.01 - Purpose, Authority, And Effective Date

(1) This chapter is adopted pursuant to Code of Ala. 1975, §§ 27-2-17, 27-7-43, and 27-36A-15.

(2) The purpose of this chapter is to formally adopt the most recent changes to the Valuation Manual adopted by the NAIC as specified in Chapter 36A of Title 27, Code of Ala. 1975, in accordance with Code of Ala. 1975, § 7-36A-15.

(3) For purposes of this chapter, "Valuation Manual" shall have the meaning ascribed in Code of Ala. 1975, § 27-36A-2.

(4) This chapter shall be effective January 1, 2017, upon its approval by the Commissioner of Insurance and upon its having been on file as a public document in the office of the Secretary of State for ten days.

Ala. Admin. Code r. 482-1-161-.01

Adopted by Alabama Administrative Monthly Volume XXXV, Issue No.02, November 30, 2016, eff. 1/1/2017.

Amended by Alabama Administrative Monthly Volume XXXVI, Issue No. 02, November 30, 2017, eff. 1/1/2018.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-3 6A-15.