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.
Structure Code of Alabama
Chapter 40 - Insurance Premium Finance Companies.
Section 27-40-1 - Definitions.
Section 27-40-2 - Exemptions From Chapter.
Section 27-40-3 - Licenses - Required; Fees; Information to Be Furnished Commissioner.
Section 27-40-4 - Licenses - Investigation and Qualifications of Applicant; Issuance.
Section 27-40-5 - Licenses - Suspension or Revocation.
Section 27-40-6 - Books and Records.
Section 27-40-7 - Promulgation and Enforcement of Rules and Regulations.
Section 27-40-8 - Contents and Style of Premium Finance Agreement.
Section 27-40-9 - Service Charges; Prepayment of Obligation.
Section 27-40-10 - Delinquency and Cancellation Charges.
Section 27-40-11 - Procedure for Cancellation of Insurance Contract Upon Default.
Section 27-40-12 - Return of Gross Unearned Premiums Upon Cancellation of Contract.
Section 27-40-13 - Filing of Agreement.
Section 27-40-14 - Exclusive Jurisdiction of Department of Insurance.
Section 27-40-17 - Notification of Existence of Premium Finance Agreement.
Section 27-40-18 - Delivery of Copy of Premium Finance Agreement to Insured.