Ala. Admin. Code r. 482-1-097-.06

Current through Register Vol. 43, No. 02, November 27, 2024

Section 482-1-097-.06 - NAIC Financial Examiners And Market Conduct Handbook Adopted

The NAIC Financial Examiners Handbook, as it may be updated and amended from time to time so long as the examination methodology remains substantially consistent, is hereby adopted and incorporated by reference. Financial examinations by the Department shall be performed in substantial conformity with the methodology outlined in the Handbook, so long as that methodology is consistent with statutory accounting principles and the Alabama Insurance Code. The NAIC Market Conduct Handbook, as it may be updated and amended from time to time so long as the examination methodology remains substantially consistent, is hereby adopted and incorporated by reference. A copy of the Handbook may be obtained from the NAIC. A copy of the Handbook may be inspected during regular business hours at the offices of the Alabama Department of Insurance, Financial Examiners Division.

Ala. Admin. Code r. 482-1-097-.06

New: December 19, 2000; effective January 1, 2001. Filed for codification in the Alabama Administrative Code by the Department of Insurance on November 14, 2005, pursuant to the Code of Ala. 1975, § 27-7-43. Revised: April 27, 2007; effective May 7, 2007. Filed with LRS April 27, 2007. Rule is not subject to the Alabama Administrative Procedure Act. Amended (Rule Number Only): Filed November 7, 2008; effective January 1, 2009. Filed with LRS November 12, 2008. Rule is not subject to the Alabama Administrative Procedure Act.

Rule 482-1-097-.06, Manual And Automated Reporting, was repealed and previous rule .07 was renumbered to .06 as per certification filed November 12, 2008.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-1-2, 27-3-26, 10-4-113, 27-21A-8, 27-30-22, 27-31-16, 27-34-36.