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Notice of Regulation Hearing

to be held December 20, 2006

Contact: Elizabeth Bookwalter, Assistant Attorney General

334-241-4122

11/27/2006

 

Notice is hereby given that a hearing will be held at 9:00 A.M. on Wednesday, December 20, 2006 in the offices of the Alabama Department of Insurance, 201 Monroe Street, Suite 1700, RSA Tower, Montgomery, Alabama, as follows:

 

Adoption of proposed new Regulation No. 139 [Chapter 482-1-139]. The purpose of the new regulation is to recognize, permit and prescribe the use of mortality tables that reflect differences in mortality between preferred and standard lives in determining minimum reserve liabilities in accordance with Section 27-36-7(d) (1) (a) (3) (the Standard Valuation Law) and paragraphs (1) and (2) of Rule 482-1-120-.05 (the Valuation of Life Insurance Policies Regulation). (9 pages)

 

Any person wishing to submit testimony at said hearing is requested to submit said testimony in writing to the Alabama Department of Insurance, Attention: Legal Division, Post Office Box 303351, Montgomery, Alabama 36130-3351.  Any written submission of testimony prior to the hearing will not preclude anyone from making an oral or written presentation at the hearing. 

 

A copy of the regulations may be obtained by written request to the Alabama Department of Insurance, Post Office Box 303351, Montgomery, Alabama 36130-3351.  The request must include payment of one dollar per page and a self-addressed, postage paid return envelope.  An unofficial copy may also be obtained at no charge via electronic mail.  You may send an e-mail request to shawn.stewart@insurance.alabama.gov.