Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-163 - VALUE -ADDED SERVICE OR PRODUCT
Section 482-1-163-.03 - Treatment Of A Value-Added Service Or Product
Universal Citation: AL Admin Code R 482-1-163-.03
Current through Register Vol. 43, No. 02, November 27, 2024
A Value-Added Service or Product is not considered by the Commissioner of Insurance or the Department of Insurance to be an inducement for insurance or an annuity, it is not a rebate, nor is it any other impermissible consideration, as those terms are used in Code of Ala. 1975, §§ 27-12-12 and 27-12-14.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-12-12, 7-12-14.
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