Ala. Admin. Code r. 482-1-009-.01

Current through Register Vol. 43, No. 3, December 31, 2024

Section 482-1-009-.01 - Industrial Fire Insurance Defined

Industrial fire insurance policies issued by insurers writing fire and allied lines of insurance through agents operating on the debit agency system, under which system a weekly or monthly collection percentage is paid based either on actual weekly or monthly premium collections or weekly or monthly increases of premium collections.

Author: John Davis, Associate Counsel

New Rule: August 1, 1957; effective August 1, 1957. Amended: December 31, 1971; effective January 10, 1972. Amended: February 18, 1977. Amended: February 18, 1977; effective February 28, 1977. Amended: March 10, 1982; effective May 1, 1982. Amended: December 4, 1985; effective December 16, 1985. Amended: January 16, 2003; effective January 26, 2003. Filed with LRS January 16, 2003. Rule is not subject to the Alabama Administrative Procedure Act.

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-22-2.