A hearing will be held before the Alabama Commissioner of Insurance at 10:00 AM on June 25, 2002, at the offices of the Alabama Department of Insurance, 201 Monroe Street, Suite 1700, Montgomery, Alabama, as follows:
- Revision of Regulation No. 93 [Chapter 482-1-093], which addresses credit property and involuntary unemployment insurance. The purpose of this regulation is to designate rate levels for certain coverages above which rates for such insurance sold in the credit context will be presumed excessive and unfairly discriminatory under statutory standards. The proposed revision also adds a requirement for a periodic filing demonstrating that rates comply with the regulation. (15 pages)
Any person wishing to submit testimony at said hearing is requested to submit said testimony in writing to the Alabama Department of Insurance, Attention: Legal Division, Post Office Box 303351, Montgomery, Alabama 36130-3351. Any written submission of testimony prior to the hearing will not preclude anyone from making an oral or written presentation at the hearing.
A copy of the regulations may be obtained by written request to the Alabama Department of Insurance, Post Office Box 303351, Montgomery, Alabama 36130-3351. The request must include payment of one dollar per page and a self-addressed, postage paid return envelope. An unofficial copy may also be obtained at no charge via electronic mail. You may send an e-mail request to mailto:BCamp@insurance.state.al.us
PLEASE NOTE: This hearing was originally scheduled for an earlier date with notice given in the Alabama Administrative Monthly.