Ala. Admin. Code r. 482-1-132-.04 - Applicability
(1) This chapter
shall apply to any life insurance or annuity advertisement intended for
dissemination in this state. In variable contracts where disclosure
requirements are established pursuant to federal regulation, this chapter shall
be interpreted so as to eliminate conflict with federal regulation.
(2) All advertisements, regardless of by whom
written, created, designed or presented, shall be the responsibility of the
insurer, as well as the producer who created or presented the advertisement.
Insurers shall establish and at all times maintain a system of control over the
content, form and method of dissemination of all advertisements of its
policies. A system of control shall include regular and routine notification,
at least once a year, to agents, brokers and others authorized by the insurer
to disseminate advertisements of the requirement and procedures for company
approval prior to the use of any advertisements that is not furnished by the
insurer and that clearly sets forth within the notice the most serious
consequence of not obtaining the required prior approval.
Author: Commissioner of Insurance
Notes
Statutory Authority: Code of Ala. 1975, ยงยง 27-2-17.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.