Ala. Admin. Code r. 482-1-024-.03

Current through Register Vol. 43, No. 1, October 31, 2024

Section 482-1-024-.03 - Procedure For Approval

(1) Letter of Transmittal.

(a) Each submission should contain a letter of transmittal in duplicate.

(b) The letter of transmittal should list all forms submitted by form number.

(c) If the submission is a new form, the letter of transmittal should include a brief description of coverage. If the form is a replacement or revision, it should state the number of the form being replaced or revised and the purposes therefor.

(2) Submissions should include only one copy of each form submitted.

(3) Each submission should be accompanied by a self-addressed postage paid return envelope.

(4) If the form is being submitted by a company domiciled in a state other than Alabama, prior form approval of the specific policy form by its domiciliary state shall not be required unless specifically requested by the Alabama Department. The Alabama Department may require prior domiciliary state approval of specific policy forms when it deems such action necessary.

(5) If the form is found acceptable, the duplicate of the transmittal letter will be stamped "Approved" and returned to the company.

(6) Notices of rate increases and rate filings in general for accident and health policies, riders and endorsements are hereby requested to be filed with this Department on an informational basis only. This information shall be considered proprietary and trade secret information and shall not be subject to disclosure by the Commissioner to persons outside the Department of Insurance except as agreed to by the insurer or as ordered by a court of competent jurisdiction. No rate filings are requested for life insurance policies.

Author: Commissioner of Insurance

Ala. Admin. Code r. 482-1-024-.03

New Rule: November 18, 1957, Effective November 18, 1957. Revised: June 20, 1977, Effective July 1, 1957. Revised: April 17, 1989, Effective April 28, 1989. Revised: May 28, 1999, Effective July 1, 1999. Revised: April 21, 2003, Effective May 1, 2003. Filed with LRS April 21, 2003. Rule is not subject to the Alabama Administrative Procedure Act.

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-14-8, etseq.