Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-131 - LIFE INSURANCE DISCLOSURE REGULATION
Section 482-1-131-.02 - Purpose

Universal Citation: AL Admin Code R 482-1-131-.02

Current through Register Vol. 42, No. 5, February 29, 2024

(1) The purpose of this chapter is to require insurers to deliver to purchasers of life insurance information that will improve the buyer's ability to select the most appropriate plan of life insurance for the buyer's needs and improve the buyer's understanding of the basic features of the policy that has been purchased or is under consideration.

(2) This chapter does not prohibit the use of additional material that is not a violation of this chapter or any other statute or chapter.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-12-1, et seq.

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