Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-154 - PAYMENT FAILURE
Section 482-1-154-.05 - Payment Failure - Payment By Check - Bad Check Charge

Universal Citation: AL Admin Code R 482-1-154-.05

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

(1) f a payment failure involves a check tendered for any license fee, assessment or fine, or any other type of fee or charge of any kind, the person remitting the check shall pay a bad check charge of $30.00 or the maximum amount allowed under Code of Ala. 1975, § 8-8-15 (1997) if amended after the effective date of this chapter in addition to the amount of the check.

(2) If, after notice from the Department, an individual or business entity fails to resolve a bad check tendered in instances other than for payment of a license fee or an assessment or fine, the Department at its election may decline to act on or process further requests from such individual or entity until the amount of the check and bad check charge have been fully paid.

Authority: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 8-8-15.

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