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·Title 27 Insurance·Ch. 15 Life Insurance and Annuity Contracts·Art. 1 General Provisions

(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.

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