There is a newer version of the Code of Alabama
2015 Code of Alabama
Title 27 - INSURANCE.
Chapter 18 - GROUP LIFE INSURANCE.
Section 27-18-8 - Policy provisions - Furnishing of statement to debtors.
AL Code § 27-18-8 (2015) What's This?
Section 27-18-8Policy provisions - Furnishing of statement to debtors. In the case of a policy issued to a creditor to insure debtors of such creditor, there shall be a provision that the insurer will furnish to the policyholder for delivery to each debtor insured under the policy a form which will contain a statement that the life of the debtor is insured under the policy and that any death benefit paid thereunder by reason of his death shall be applied to reduce or extinguish the indebtedness.
(Acts 1971, No. 407, p. 707, §414.)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.
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