Ala. Admin. Code r. 482-1-163-.03

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

Section 482-1-163-.03 - Treatment Of A Value-Added Service Or Product

A Value-Added Service or Product is not considered by the Commissioner of Insurance or the Department of Insurance to be an inducement for insurance or an annuity, it is not a rebate, nor is it any other impermissible consideration, as those terms are used in Code of Ala. 1975, §§ 27-12-12 and 27-12-14.

Ala. Admin. Code r. 482-1-163-.03

Adopted by Alabama Administrative Monthly Volume XXXVII, Issue No. 11, August 30, 2019, eff. 9/1/2019. Filed with LSA August8,2019. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-12-12, 7-12-14.