Ala. Admin. Code r. 482-1-036-.06 - Adjusters

Sections 27-10-2 and 27-10-35(g) prohibit an adjuster from entering into the adjustment or investigation of any loss arising under a contract of insurance issued by an unauthorized insurer unless such insurance contract be lawfully issued as provided under the law. In order to assist adjusters in avoiding violations of this prohibition, the Department will maintain a file of coverages reported under the requirements of the law, either by surplus line broker or independently procured by the insured, and the necessary information to assure the adjuster that coverage was lawfully placed will be furnished the adjuster on request.

Notes

Ala. Admin. Code r. 482-1-036-.06

New Rule: September 23, 1963. Revised: February 28, 1977; effective March 10, 1977. Revised: April 17, 1989; effective April 28, 1989. Amended: August 12, 2008; effective August 22, 2008. Filed with LRS August 13, 2008. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-10-1, et seq.