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    v1.0.28
    OpenPayerPolicy UpdatesAdministrative/Operational PolicyAlabama personal property by-peril rating Policy U…
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    CurrentAlabama Department of InsurancePolicy 2016-05

    Personal Property By-Peril Rating Requirements (Bulletin 2016-05)

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    Governs filing, approval, actuarial support, and disclosure of separate per-peril premiums for homeowner, renters/tenants, condominium unit-owner, and dwelling fire/extended coverage policies for insurers licensed in Alabama.

    Policy Summary
    PayerAlabama Department of Insurance
    PolicyPersonal Property By-Peril Rating Requirements (Bulletin 2016-05)
    Policy CodePolicy 2016-05
    Change TypeInformational bulletin / regulatory reminder
    Effective DateJun 9, 2016
    Next Review DateN/A
    Key ActionFile required rate filings with actuarial support for affected policy types by the specified deadlines.
    SourceLink
    POLICY UPDATE CHANGES

    No material clinical or coverage changes in this revision.

    Jun 1, 2017deadline to file rate filings to be effective Jan 1, 2018
    Jan 1, 2018effective date for personal property by-peril rating for homeowners/renters/condominiums
    Jun 1, 2018deadline to file dwelling fire rate filings to be effective Jan 1, 2019
    Jan 1, 2019

    OpenPayer is powered by Trek Health's payer performance platform. Trek continuously ingests, validates, and normalizes Transparency in Coverage data alongside payer policies and other commercial payer data to create a structured payer intelligence foundation. OpenPayer uses this foundation to deliver personalized search results, dynamically generated policy pages, and tailored policy monitoring based on each user's payers, specialties, billing codes, and areas of interest. The same intelligence powers broader payer performance workflows, including reimbursement benchmarking, contract evaluation, payer negotiations, and financial decision-making.

    effective date for dwelling fire/extended coverage by-peril rating and disclosures
    Up to $250per-policy settlement payment schedule

    Filing, Approval, and Disclosure Requirements

    Filing and disclosure criteria

    Requirements and timelines

    All homeowner, renters/tenants, and condominium (unit owners) rate filings to be effective on or after January 1, 2018 must comply with Rule 482-1-152-.06 and be filed on or before June 1, 2017.
    All dwelling fire and extended coverage rate filings to be effective on or after January 1, 2019 must comply with Rule 482-1-152-.06 and be filed on or before June 1, 2018.
    Disclosure of separate premiums by peril on the declaration page, billing statement, or policy checklist is required for new homeowner, renters/tenants, and condominium (unit owners) policies with an effective date on or after January 1, 2018, and for existing homeowner policies at renewal with a renewal date on or after January 1, 2018.
    Disclosure of separate premiums by peril on the declaration page, billing statement, or policy checklist is required for new dwelling fire and extended coverage policies with an effective date on or after January 1, 2019, and for existing dwelling fire and extended coverage policies at renewal with a renewal date on or after January 1, 2019.

    ALL of the following

    • Settlement payment schedule

      • First three months following the effective date (January–March): $100 per policy issued or renewed in violation.
      • Next three months (April–June): $150 per policy issued or renewed in violation.
      • Next three months (July–September): $200 per policy issued or renewed in violation.
      • Next three months (October–December): $250 per policy issued or renewed in violation.

    Administrative Codes and Deadlines

    Administrative contentmixed
    No procedure or billing codes specified in this administrative bulletin.
    Filing deadlines — effective dates and filing-by dates
    Homeowner/Renter/Condominium filingsRate filings to be effective on or after Jan 1, 2018 must be filed on or before Jun 1, 2017.
    Dwelling Fire/Extended Coverage filingsRate and extended coverage filings to be effective on or after Jan 1, 2019 must be filed on or before Jun 1, 2018.
    Rule referenceCompliance required with Rule 482-1-152-.06 for the listed filings.

    Required Filings, Disclosures, and Compliance Actions

    Prior Authorization

    Filing requirement: submit by-peril rate filings with actuarial support by deadline

    File rate filings with actuarial support that comply with Rule 482-1-152-.06 for affected policy types by the stated deadlines: homeowner, renters/tenants, and condominium (unit owners) filings to be effective on or after Jan 1, 2018 must be filed on or before Jun 1, 2017; dwelling fire and extended coverage filings to be effective on or after Jan 1, 2019 must be filed on or before Jun 1, 2018.

    • Homeowner/renters/condominium filings effective on or after Jan 1, 2018 → file by Jun 1, 2017.
    • Dwelling fire/extended coverage filings effective on or after Jan 1, 2019 → file by Jun 1, 2018.
    Documentation Required

    Disclosure requirement: show separate per‑peril premiums on policy documents

    Disclose separate premiums by peril on the declaration page, billing statement, or policy checklist for the specified policy types and effective dates: new homeowner/renters/condominium policies effective on or after Jan 1, 2018 and existing homeowner policies at renewal on or after Jan 1, 2018; new dwelling fire/extended coverage policies effective on or after Jan 1, 2019 and existing dwelling fire/extended coverage policies at renewal on or after Jan 1, 2019.

    Scope and Key Terms

    By-peril rating — personal property disclosure and rating requirements
    RequirementPersonal property premiums must be disclosed separately by peril (by-peril rating) as required under Regulation 152.
    Disclosure locationsSeparate per‑peril premiums must appear on the declaration page, billing statement, or policy checklist.
    Effective date for homeowner/renter/condominium disclosuresNew business effective on or after Jan 1, 2018 and existing homeowner policies upon renewal on or after Jan 1, 2018.
    Affected policy types
    Homeowner policiesApplies to homeowner policies (including renewals) with effective/renewal dates per Regulation 152.
    Renters/Tenants policiesApplies to renters/tenants policies (new business effective on or after Jan 1, 2018 and renewals accordingly).
    Policy Summary
    PayerAlabama Department of Insurance
    PolicyPersonal Property By-Peril Rating Requirements (Bulletin 2016-05)
    Policy CodePolicy 2016-05
    Change TypeInformational bulletin / regulatory reminder
    Effective DateJun 9, 2016
    Next Review DateN/A
    Key ActionFile required rate filings with actuarial support for affected policy types by the specified deadlines.
    SourceLink
    On This Page
    Filing, Approval, and Disclosure RequirementsAdministrative Codes and DeadlinesRequired Filings, Disclosures, and Compliance ActionsScope and Key Terms
    • New homeowner/renters/condominium policies with effective date on or after Jan 1, 2018: disclose by-peril premiums.
    • Existing homeowner policies renewed on or after Jan 1, 2018: disclose by-peril premiums at renewal.
    • New dwelling fire/extended coverage policies with effective date on or after Jan 1, 2019 and renewals on or after Jan 1, 2019: disclose by-peril premiums.
    Denial Risk

    Enforcement and remedy: show‑cause orders, escalating per‑policy settlement payments, or suspension

    Failure to make the required disclosures by the deadlines may be deemed a willful violation of the rating laws and may lead to an order to show cause, potential suspension of the insurer’s certificate of authority, or negotiated per‑policy settlement payments escalating by quarter; insurers may petition for reduction or waiver if payments would cause serious financial distress.

    • Order to show cause and potential suspension of certificate of authority for willful violation.
    • Settlement payments if resolved by consent order: $100 per violating policy (Jan–Mar), $150 (Apr–Jun), $200 (Jul–Sep), $250 (Oct–Dec).
    • Insurer may petition the commissioner for reduction or waiver of settlement payment for serious financial distress.
    Condominium unit-owner policiesApplies to condominium (unit owners) policies with the same effective/renewal date requirements as homeowners and renters.
    Dwelling fire and extended coverage policiesApplies to dwelling fire and extended coverage policies with filings effective on or after Jan 1, 2019 (file by Jun 1, 2018) and disclosures for new/renewal policies as specified.