Alabama § 27-15-12 Life Insurance Policy Provisions - Payment of Premiums; Increases

Alabama Statutes

§ 27-15-12 — Life Insurance Policy Provisions - Payment of Premiums; Increases

Alabama § 27-15-12

Title 27Insurance

Ch. 15Life Insurance and Annuity Contracts

Art. 1General Provisions

This text of Alabama § 27-15-12 (Life Insurance Policy Provisions - Payment of Premiums; Increases) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 27-15-12 (2026).

Text

(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.

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(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.