Ala. Admin. Code r. 482-1-167-.08

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

Section 482-1-167-.08 - Prohibition Against Avoidance

No insurer that has Covered Policies as to which this chapter applies (as set forth in Rule 482-1-167-.03) shall take any action or series of actions, or enter into any transaction or arrangement or series of transactions or arrangements if the purpose of such action, transaction or arrangement or series thereof is to avoid the requirements of this chapter, or to circumvent its purpose and intent, as set forth in Rule 482-1-167-.02.

Ala. Admin. Code r. 482-1-167-.08

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.