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Notice of Regulation Hearing

to be held November 13, 2014

Contact: Kathleen Healey, Associate Counsel

334-240-4437

9/29/2014

Notice is hereby given that a hearing will be held at 10 a.m. Central Time, on Thursday, November 13, 2014, in the offices of the Alabama Department of Insurance, 201 Monroe Street, Fifth Floor Conference Room, RSA Tower, Montgomery, Alabama, as follows: 

 

Adoption of new Preneed Regulation No. 3 [Chapter 482-3-003], setting forth the standards and requirements for the sale of preneed funeral and cemetery merchandise and services and operation of endowment care cemeteries by cemetery authorities.  The proposed effective date of this new regulation is January 1, 2015, which will coincide with the effective date of the proposed repeal of existing Preneed Regulation No. 1 [Chapter 482-3-001].  (29 pages)

 

Adoption of new Preneed Regulation No. 4 [Chapter 482-3-004], setting forth the standards and requirements relating to funding methods for preneed contracts for funeral and cemetery merchandise and services and operations of endowment care cemeteries by cemetery authorities.  (21 pages)

Adoption of new Preneed Regulation No. 5 [Chapter 482-3-005], setting forth the standards and requirements relating to record keeping by preneed certificate holders and cemetery authorities operating endowment care cemeteries.  (10 pages)

Repeal of Preneed Regulation No. 1 [Chapter 482-3-001], entitled Accounting Requirements and Record Keeping for Preneed Funeral and Cemetery Providers, which originally became effective September 3, 2004.  The provisions of this regulation will be superseded by the provisions of proposed new Preneed Regulation No. 3 [Chapter 482-3-003].  The proposed effective date of the repeal of this regulation will coincide with the effective date of new Preneed Regulation No. 3.  (34 pages)

Any person wishing to submit testimony at said hearing is requested to submit said testimony in writing by November 4, 2014 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