Ala. Admin. Code r. 482-3-003-.05

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

Section 482-3-003-.05 - Preneed Contract - Filing And Approval

(1) A preneed contract must be on a written or preprinted contract form, approved by the Commissioner, that is completely filled in and signed by the purchaser and the preneed seller.

(2) Preneed contract forms, including forms based on templates supplied by the Department, shall be filed for approval with the Commissioner, in a format and manner prescribed by the Commissioner, and the forms approved before use. A filed contract form may be used beginning thirty (30) days after its filing date unless the Commissioner has disapproved its use during the 30-day period. Any revisions to a preneed contract form must be filed with and approved by the Commissioner prior to use. Revisions required as a result of this Chapter shall be filed within sixty (60) days of the effective date of this Chapter.

(3) In order to be approved by the Commissioner, a preneed contract form must adhere to the minimum requirements set forth in Rules 482-3-003-.06 and 482-3-003-.07, as applicable.

Ala. Admin. Code r. 482-3-003-.05

Adopted by Alabama Administrative Monthly Volume XXXIII, Issue No. 02, November 26, 2014, eff. 1/1/2015.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-17A-1 to -57 (2014).