Life Insurance Policy Provisions - Payment of Premiums; Increases

Ala. Code § 27-15-12 — under Title 27.

Ala. Code § 27-15-12

(a) There shall be a provision relative to the payment of premiums. (b) A premium may not be increased unless the policy or a document delivered with the policy contains a provision in writing placing the consumer on notice that the premium may be increased; provided that nothing contained in this subsection shall

be interpreted to require the continuation of coverage that is not otherwise guaranteed under the terms of the policy.

History: (Acts 1971, No. 407, p. 707, §357; Act 2006-614, p. 1683, §1.)