Alabama Code 27-15-12. Life insurance policy provisions – Payment of premiums; increases

(a) There shall be a provision relative to the payment of premiums.

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Terms Used In Alabama Code 27-15-12

writing: includes typewriting and printing on paper. See Alabama Code 1-1-1

(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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