Alabama Administrative Code Title 482 - ALABAMA DEPARTMENT OF INSURANCE

Here’s an overview of Alabama Administrative Code Title 482 – Alabama Department of Insurance:

Title 482 – Alabama Department of Insurance

Purpose

Title 482 contains the rules and regulations governing the operations, licensing, and conduct of the Alabama Department of Insurance (ADOI). This department regulates the insurance industry in Alabama, ensuring compliance with state laws, consumer protection, and promoting fair practices.

Key Areas Covered

1. Licensing and Regulation of Insurance Entities

Procedures and requirements for licensing insurance companies, agents, brokers, and adjusters.

Continuing education requirements for insurance professionals.

Standards for corporate governance and financial solvency.

2. Consumer Protection and Complaint Handling

Processes for filing and investigating consumer complaints.

Rules on claims handling and unfair trade practices.

Enforcement actions and penalties for violations.

3. Insurance Product Standards and Filings

Requirements for approval and filing of insurance policies, rates, and forms.

Guidelines on market conduct and advertising.

4. Compliance and Enforcement

Procedures for audits, examinations, and investigations of insurance companies.

Administrative hearings and appeals.

Penalties, fines, and disciplinary actions.

Example Specific Regulations

Regulations on health insurance, life insurance, property and casualty insurance, and more.

Rules regarding the Alabama Life and Health Insurance Guaranty Association.

Standards for automobile insurance and workers’ compensation insurance.

 

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