Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-062 - GENERAL PROPERTY/CASUALTY BINDERS, CERTIFICATES OF INSURANCE OR INDEMNITY AGREEMENTS
Section 482-1-062-.02 - Purpose
Universal Citation: AL Admin Code R 482-1-062-.02
Current through Register Vol. 42, No. 11, August 30, 2024
The purpose of this chapter is intended to clarify and set out the basic responsibilities of producers and licensed insurers as to extension or restriction of property and casualty insurance coverages by use of a binder, certificate of insurance, indemnity agreement or any other type of instrument.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-14-8, et seq.
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