- (1) The purpose of this chapter is to set forth the view of the Alabama Commissioner of Insurance and the Department of Insurance about whether a Value-Added Service or Product, as defined in this chapter, constitutes an inducement for insurance or an annuity, a rebate, or any other impermissible consideration, as those terms are used in Code of Ala. 1975, §§27-12-12 and 27-12-14.
- (2) This chapter is adopted pursuant to Code of Ala. 1975, §§27-2-17, 27-12-12, and 27-12-14.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§27-2-17, 27-12-12, 7-12-14.
History: New Rule: August 8, 2019; effective September 1, 2019. Filed with LSA August 8, 2019. Rule is not subject to the Alabama Administrative Procedure Act.