A Value-Added Service or Product is not considered by the Commissioner of Insurance or the Department of Insurance to be an inducement for insurance or an annuity, it is not a rebate, nor is it any other impermissible consideration, as those terms are used in Code of Ala. 1975, §§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.