Rule 482-1-119-.02

Ala. Admin. Code r. 482-1-119-.02

Purpose

Effective Dec 31, 2005New Rule: February 18, 2000; effective July 1, 2000. Amended: December 21, 2005; effective December 31, 2005. Filed with LRS December 21, 2005. Rule is not subject to the Alabama Administrative Procedure Act.Alabama Department of Insurance

The purpose of this chapter is to place certain restrictions on loans obtained by insurance producers from their clients.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§27-2-17, 27-12-21

History: New Rule: February 18, 2000; effective July 1, 2000. Amended: December 21, 2005; effective December 31, 2005. Filed with LRS December 21, 2005. Rule is not subject to the Alabama Administrative Procedure Act.