Ala. Admin. Code r. 482-1-150-.05

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

Section 482-1-150-.05 - Requirement for defined Estimated Replacement Cost Method

Within the time specified in 482-1-150-.07, an Insurer shall have in effect and adhere to an Estimated Replacement Cost Method which complies with the requirements of this chapter and is in a format that can be made available to the Commissioner in conjunction with an examination or otherwise upon request.

Ala. Admin. Code r. 482-1-150-.05

New Rule: November 9, 2010; effective November 22, 2010. Filed with LRS November 10, 2010. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

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