- (1) A preneed contract must be on a written or preprinted contract form, approved by the Commissioner, that is completely filled in and signed by the purchaser and the preneed seller.
- (2) Preneed contract forms, including forms based on templates supplied by the Department, shall be filed for approval with the Commissioner, in a format and manner prescribed by the Commissioner, and the forms approved before use. A filed contract form may be used beginning thirty (30) days after its filing date unless the Commissioner has disapproved its use during the 30-day period. Any revisions to a preneed contract form must be filed with and approved by the Commissioner prior to use. Revisions required as a result of this Chapter shall be filed within sixty (60) days of the effective date of this Chapter.
- (3) In order to be approved by the Commissioner, a preneed contract form must adhere to the minimum requirements set forth in Rules 482-3-003-.06 and 482-3-003-.07, as applicable.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§27-2-17, 27-17A-1 to
-57 (2014).
History: New Rule: Filed November 13, 2014; effective January 1, 2015. Filed with LRS November 13, 2014. Rule is not subject to the Alabama Administrative Procedure Act.