Alabama Statutes

§ 27-22-63 — Failure to Provide Notice or to Release Insurance Proceeds

Alabama·Title 27 Insurance·Ch. 22 Property Insurance Contracts·Art. 4 Insurance Payments to Lender

A lender who fails to provide notice as required by Section 27-22-61 or Section 27-22-62 or to release insurance proceeds as required by Section 27-22-62 shall pay to the insured interest at the rate of 10 percent per year on the proceeds held by the lender.

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Alabama § 27-22-63 (Failure to Provide Notice or to Release Insurance Proceeds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Act 2019-460, §4.)

Nearby Sections

15

§ 27-1-1

§ 27-1-10

Payment for Health Services of Chiropractor; Insured to Have Exclusive Right to Select Practitioner of Healing Arts

§ 27-1-10.1

Insurance Coverage for Drugs to Treat Life-Threatening Illnesses

§ 27-1-11

Dentists and Dental Hygienists as “Physicians” Under Health or Accident Insurance Policies

§ 27-1-11.1

Appropriations to Certain Universities Not to Be Considered in Patient Care Reimbursement

§ 27-1-12

Penalty for Violation of Title

§ 27-1-13

Existing Forms and Filings

§ 27-1-14

Preservation of Prior Rights, Obligations, Etc

§ 27-1-15

Payment for Services of Podiatrist

§ 27-1-16

Standard Health Insurance Claim Form; Electronic Claims Form; Various Claim Forms

§ 27-1-17

Limitation Periods for Payment of Claims; Overdue Claims; Retroactive Denials, Adjustments, Etc.; Penalties

§ 27-1-17.1

Payment of Providers through Electronic Funds Transfer Methods

§ 27-1-18

Contract Providing for Mental Health Services to Entitle Insured to Reimbursement for Outpatient and Inpatient Services by Qualified Psychiatrist or Psychologist

§ 27-1-19

Reimbursement of Health Care Providers

§ 27-1-19.1

Disclosure of Information Regarding Cost and Availability of Treatment or Drugs

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