A hearing will be held before the Alabama Commissioner of Insurance at 10:00 AM on August 14, 2002, at the offices of the Alabama Department of Insurance, 201 Monroe Street, Suite 1700, Montgomery, Alabama, as follows:
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Revision of Regulation No. 106 [Chapter 482-1-106], which sets forth the requirements for licensing managing general agents. The proposed revisions encompass changes necessitated by the new producer licensing legislation. (28 pages)
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Revision of Regulation No. 109 [Chapter 482-1-109], which sets forth the procedures necessary for the annual continuation of the appointment of insurance producers and service representatives. The proposed revisions encompass changes necessitated by the new producer licensing legislation. (12 pages)
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Revision of Regulation No. 110 [Chapter 482-1-110], which sets forth the procedures necessary for the annual renewal of licenses of insurance producers and service representatives and implements the continuing education requirements for producers and service representatives. The proposed revisions encompass changes necessitated by the new producer licensing legislation. Revisions are also proposed to remove the automatic awarding of credit hours for certain courses, such that all courses will be approved for the number of hours assigned by the Commissioner. (12 pages)
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Adoption of proposed new Regulation No. 124 [Chapter 482-1-124], to be known as the Unfair Life, Accident and Health Claims Settlement Practices Regulation. The purpose of the proposed new regulation is to set forth minimum standards for the investigation and disposition of life, accident and health claims arising under policies or certificates issued pursuant to State law. This proposed regulation is based upon the model regulation developed by the National Association of Insurance Commissioners. (12 pages)
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Adoption of proposed new Regulation No. 125 [Chapter 482-1-125], to be known as the Unfair Property and Casualty Claims Settlement Practices Regulation. The purpose of the proposed new regulation is to set forth minimum standards for the investigation and disposition of property and casualty claims arising under contracts or certificates issued to residents of the State. It is not intended to cover claims involving workers' compensation, fidelity, suretyship or boiler and machinery insurance. This proposed regulation is based upon the model regulation developed by the National Association of Insurance Commissioners. (23 pages)
Any person wishing to submit testimony at said hearing is requested to submit said testimony in writing 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 one dollar per page and a self-addressed, postage paid return envelope. An unofficial copy may also be obtained at no charge via electronic mail. You may send an e-mail request to RNorman@insurance.state.al.us.