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NOTICE OF REGULATION HEARING

to be held November 7, 2018, at 10:00 AM

Contact: Reyn Norman, General Counsel

(334) 241-4116

9/25/2018

Notice is hereby given that a hearing will be held at 10:00 a.m. Central Time, on Wednesday, November 7, 2018, in the offices of the Alabama Department of Insurance, 201 Monroe Street, Fifth Floor Conference Room, RSA Tower, Montgomery, Alabama, as follows: 

 

Amendment to Section 3 of Insurance Regulation No. 110 [Rule 482-1-110-.03], which sets forth the scope of the regulation dealing with renewal of licenses of insurance producers and service representatives.  The amendment adds the limited line of self-service storage facility insurance to those lines exempt from the education requirements of license renewal, in accordance with Act 2018-455.  The amendment will become effective November 17, 2018.  (3 pages)

 

Amendment to Section 6 of Insurance Regulation No. 147 [Rule 482-1-147-.06], which sets forth the procedures for the insurance producer examinations.  The amendment adds the limited line of self-service storage facility insurance to those lines exempt from the producer examination, in accordance with Act 2018-455.  The amendment will become effective November 17, 2018.  (5 pages)

 

Amendments to Section 2 of Insurance Regulation No. 159 [Rule 482-1-159-.02], which sets forth the requirements for grants through the Strengthen Alabama Homes program.  The amendments make certain changes to the regulation consistent with current procedures being followed in the implementation of the program and to remove the comment that grants are limited to Mobile and Baldwin counties.  The amendments will become effective November 17, 2018.  (5 pages)

 

Adoption of new Section 5 of Insurance Regulation No. 161 [new Rule 482-1-161-.05], which is added to adopt by reference the 2019 version of the Valuation Manual developed by the National Association of Insurance Commissioners (NAIC), to include the revisions made by the NAIC in 2018.  The new rule will become effective January 1, 2019.  (1 page)

 

Any person wishing to submit testimony at said hearing is requested to submit said testimony in writing by November 6, 2018, to the Alabama Department of Insurance, Attention:  Legal Division, Post Office Box 303351, Montgomery, Alabama  36130-3351.  Any written submission of testimony prior to the hearing will not preclude anyone from making an oral or written presentation at the hearing. 

 

A copy of the regulations may be obtained by written request to the Alabama Department of Insurance, Post Office Box 303351, Montgomery, Alabama  36130-3351.  The request must include payment of $1.00 per page and a self-addressed, postage paid return envelope.  A scanned copy may be obtained at no charge via electronic mail.  You may send an e-mail request to Raymond.Taylor@insurance.alabama.gov.