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NOTICE OF REGULATION HEARING

to be held August 12, 2015, at 10:00 AM

Contact: Reyn Norman, General Counsel

(334) 241-4116

6/17/2015

Notice is hereby given that a hearing will be held at 10 a.m. Central Time, on Wednesday, August 12, 2015, in the offices of the Alabama Department of Insurance, 201 Monroe Street, Fifth Floor Conference Room, RSA Tower, Montgomery, Alabama, as follows: 

 

·         Revisions of Insurance Regulation No. 55 [Chapter 482-3-003], which sets forth rules and procedural requirements necessary to carry out the provisions of the Alabama Insurance Holding Company System Regulatory Act, Sections 27-29-1, et seq., Code of Alabama 1975.  The revisions will conform Alabama law to the current version of the NAIC model Insurance Company Holding Company System regulation.  The proposed effective date of the revisions is January 1, 2016, which coincides with the effective date of the revisions to the act.  (58 pages)

 

·         Amendments to Section 4 of Insurance Regulation No. 103 [Rule 482-1-103-.04], which sets forth the procedures followed for filing an examination report.  The amendments adjust the time within which an examinee can make a written submission or rebuttal to matters contained in an examination report from 20 days to 30 days, consistent with recent changes to Section 27-2-24, Code of Alabama 1975.  (2 pages)

 

·         Repeal of Insurance Regulation No. 104 [Chapter 482-1-104], which sets forth the procedures for the distribution and protection of confidential information received by the department in connection with an examination.  These procedures are now spelled out in the statute with recent changes to Section 27-2-24, Code of Alabama 1975.  (3 pages)

 

·         Amendments to Section 5 of Insurance Regulation No. 109 [Rule 482-1-109-.05], which sets forth the procedures for the continuation of appointments of producers and service representatives.  The amendments adjust the renewal period and provide for late fees consistent with recent changes to Section 27-4-2, Code of Alabama 1975.  (3 pages)

 

·         Amendments to Section 4 of Insurance Regulation No. 110 [Rule 482-1-110-.04], which sets forth the procedures for the renewal of licenses for producers and service representatives.  The amendments adjust the renewal timing for business entity producers and adjusts the renewal fee consistent with recent changes to Section 27-8A-9, Code of Alabama 1975.  (3 pages)

 

·         Amendments to Section 6 of Insurance Regulation No. 147 [Rule 482-1-147-.06], which sets forth the procedures for the insurance producer examination.  The amendments adjust the examination fees consistent with recent changes to Section 27-4-2, Code of Alabama 1975.  (6 pages)

 

·         Amendments to Section 8 of Insurance Regulation No. 147 [Rule 482-1-147-.08], which sets forth the procedures for applying for a temporary producer license.  The amendments adjust the licensing fees consistent with recent changes to Section 27-4-2, Code of Alabama 1975.  (7 pages)

 

·         Amendments to Section 10 of Insurance Regulation No. 147 [Rule 482-1-147-.10], which sets forth the rules and procedural requirements applicable to appointments for insurance producers and service representatives.  The amendments adjust the appointment fees consistent with recent changes to Section 27-4-2, Code of Alabama 1975.  (2 pages)

 

·         Amendment to Section 7 of Insurance Regulation No. 151 [Rule 482-1-151-.07], which sets forth the rules and procedural requirements applicable to the licensing of independent adjusters.  The amendment adjusts the application for license fee consistent with recent changes to Section 27-4-2, Code of Alabama 1975.  (5 pages)

 

·         Amendment to Section 8 of Insurance Regulation No. 151 [Rule 482-1-151-.08], which sets forth the rules and procedural requirements applicable to the licensing of apprentice independent adjusters.  The amendment adjusts the application for license fee consistent with recent changes to Section 27-4-2, Code of Alabama 1975.  (3 pages)

 

·         Amendments to Section 10 of Insurance Regulation No. 151 [Rule 482-1-151-.10], which sets forth the procedures for the renewal of licenses for independent adjusters.  The amendments adjust the renewal timing for business entity adjusters.  (4 pages)

 

·         Adoption of new Insurance Regulation No. 159 [Chapter 482-1-159], setting forth the rules and requirements necessary to carry out the Strengthen Alabama Homes program authorized in Sections 27-31E-1, et seq., Code of Alabama 1975.  (8 pages)

 

Any person wishing to submit testimony at said hearing is requested to submit said testimony in writing by August 5, 2015, 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 Raymond.Taylor@insurance.alabama.gov.