When submitting required financial reports to the Department, all insurers shall use the appropriate NAIC Annual Statement Blank. Annual and quarterly statements, including market conduct statements, shall be prepared in accordance with the NAIC’s Annual Statement Instructions, the NAIC’s Accounting Practices and Procedures Manual, and Market Conduct Annual Statement Instructions from the NAIC as the same apply to property and casualty insurance companies, life and accident and health insurance companies, hospital medical indemnity companies, title insurance companies, fraternal benefit societies, and health maintenance organizations, and as the same may be updated by the NAIC from time to time, except when in conflict with Alabama statutes or other Alabama Insurance Department Regulations. Copies of the manuals are available for purchase from the NAIC, and are available for inspection during regular business hours at the offices of the Examiners Division of the Alabama Department of Insurance.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§27-2-17, 27-1-2, 27-3-26, 10-4-113, 27-21A-8, 27-30-22, 27-31-16, 27-34-36.

History: New: December 19, 2000; effective January 1, 2001. Filed for codification in the Alabama Administrative Code by the Department of Insurance on November 14, 2005, pursuant to the Code of Ala. 1975, §27-7-43. Amended: Filed November 7, 2008; effective January 1, 2009. Filed with LRS November 12, 2008. Rule is not subject to the Alabama Administrative Procedure Act.