Code of Alabama - Title 27: Insurance - Section 27-40-17 - Notification of existence of premium finance agreement

Section 27-40-17 - Notification of existence of premium finance agreement.

Any premium finance company which enters into a premium finance agreement under this chapter shall notify the insurer whose premiums are being financed of the existence of the agreement within a reasonable period of time, not to exceed 30 days after the date the agreement is accepted by the premium finance company.

(Acts 1986, No. 86-400, p. 586, §4; Acts 1995, No. 95-309, p. 567, §1.)

Last modified: May 3, 2021