Home/Alabama/Statutes/Title 27: Insurance/Ch. 22: Property Insurance Contracts/Art. 4: Insurance Payments to Lender/§ 27-22-63
Alabama Statutes

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

Alabama § 27-22-63
JurisdictionAlabama
Title 27Insurance
Ch. 22Property Insurance Contracts
Art. 4Insurance Payments to Lender

This text of Alabama § 27-22-63 (Failure to Provide Notice or to Release Insurance Proceeds) 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 § 27-22-63 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

Legislative History

(Act 2019-460, §4.)

Nearby Sections

15
§ 27-1-1
Short Title
§ 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
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
Alabama § 27-22-63, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-22-63.