2015 Code of Alabama
Title 27 - INSURANCE.
Chapter 17 - BURIAL INSURANCE POLICIES.
Section 27-17-6 - Policy provisions - Reinstatement.
(a) There shall be a provision that the policy may be reinstated at any time within two years after the date of default in the payment of any premium unless the policy has been surrendered for its cash value or the period of any extended insurance provided by the policy has expired, upon evidence of insurability satisfactory to the insurer and the payment of all overdue premiums with interest at a rate not exceeding six percent per annum compounded annually.
(b) Subsections (b) and (c) of Section 27-16-9 shall also apply as to burial insurance policies.
(Acts 1971, No. 407, p. 707, §397.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
