§33-13-48. Replacement of existing rule with model rule.
The Commissioner shall propose and file with the Secretary of
State an emergency rule pursuant to the provisions of section
fifteen, article three, chapter twenty-nine-a of this code that is
based on the model regulation regarding the replacement of life
insurance and annuities approved by the National Association of
Insurance Commissioners in nineteen ninety-eight and amended in two
thousand. This emergency rule will be effective upon approval by
the Secretary of State and will replace the legislative rule
previously filed by the Commissioner on the sixteenth day of May,
nineteen ninety-seven as Title 114, Series 8 of the Code of State
Rules: Provided, That the rule filed as an emergency rule pursuant
to this section shall be refiled at the earliest opportunity as a
legislative rule for review and promulgation in accordance with the
provisions of article three, chapter twenty-nine-a of this code.