Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-078 - NAMED PAYEE ON CHECKS WRITTEN FOR PREMIUMS AND RECEIPTS THEREFOR
Section 482-1-078-.04 - Named Payee On Premium Checks

Universal Citation: AL Admin Code R 482-1-078-.04
Current through Register Vol. 43, No. 02, November 27, 2024

All premium checks and annuity considerations shall be made payable to the insurance company or annuity company writing such policy of insurance or annuity. In no instance is an agent allowed to receive a premium or annuity consideration check made payable to any person other than the insurer.

Author: Commissioner of Insurance

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

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