Ala. Admin. Code r. 482-1-131-.02 - Purpose
(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
Notes
Statutory Authority: Code of Ala. 1975, ยงยง 27-2-17, 27-12-1, et seq.
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