Ala. Admin. Code r. 482-1-167-.03

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

Section 482-1-167-.03 - Applicability

This chapter shall apply to reinsurance treaties that cede liabilities pertaining to Covered Policies, as that term is defined in Rule 482-1-167-.05, issued by any life insurance company domiciled in this state. This chapter and Chapter 482-1-156 shall both apply to such reinsurance treaties; provided, that in the event of a direct conflict between the provisions of this chapter and Chapter 482-1-156, the provisions of this chapter shall apply, but only to the extent of the conflict.

Adopted by Alabama Administrative Monthly Volume XXXIX, Issue No. 09, June 30, 2021, eff. 1/1/2022.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-5B-19.