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Notice of Regulation Hearing

to be held May 12, 2010

Contact: Elizabeth Bookwalter, Associate Counsel

(334)241-4122

3/30/2010

 

Notice is hereby given that a hearing will be held at 10:00 AM on Wednesday, May 12, 2010, at the offices of the Alabama Department of Insurance, 201 Monroe Street, Suite 1700, Montgomery, Alabama, as follows:

 

Revision of Section 7 of Regulation No. 112 [Rule 482-1-112-.07], which revises the existing rule for the addition of language for the appointed actuary on asset insufficiency.  (10 pages)

 

Revision of Section 3 of Regulation No. 115 [Rule 482-1-115-.03], which revises the existing rule to modify the definition of health insurance to include creditable coverage as described by federal regulations. (4 pages)

 

Revision of Section 5 of Regulation No. 120 [Rule 482-1-120-.05], which revises the existing rule for the deletion of certain valuation language and the addition of the impact of asset insufficiency. (6 pages)

 

Revision of Section 4 of Regulation No. 139 [Rule 482-1-139-.04], which revises the existing rule for the addition of language on Commissioner’s consent for policies issued after January 1, 2004, and prior to January 1, 2007. (2 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 Brenda.Camp@insurance.alabama.gov