Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-066 - TREATMENT OF UNCLAIMED FUNDS BY INSURERS
Section 482-1-066-.01 - Purpose
Universal Citation: AL Admin Code R 482-1-066-.01
Current through Register Vol. 42, No. 5, February 29, 2024
This chapter is intended to prescribe procedures to be used by insurers in handling unclaimed funds which fall under the unclaimed and abandoned property laws of Alabama. Many times in the past, insurers took into surplus those funds which may be due and owing, but because of inability to locate the owner, remain unclaimed.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, § 27-2-17.
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