Collections
Code of Alabama

Chapter 40

Ala. Code § 27-40 et seq.

Insurance Premium Finance Companies

27-40-1Definitions.27-40-2Exemptions from Chapter.27-40-3Licenses - Required; Fees; Information to Be Furnished Commissioner.27-40-4Licenses - Investigation and Qualifications of Applicant; Issuance.27-40-5Licenses - Suspension or Revocation.27-40-6Books and Records.27-40-7Promulgation and Enforcement of Rules and Regulations.27-40-8Contents and Style of Premium Finance Agreement.27-40-9Service Charges; Prepayment of Obligation.27-40-10Delinquency and Cancellation Charges.27-40-11Procedure for Cancellation of Insurance Contract Upon Default.27-40-12Return of Gross Unearned Premiums Upon Cancellation of Contract.27-40-13Filing of Agreement.27-40-14Exclusive Jurisdiction of Department of Insurance.27-40-15Premium Financed to Be Sent to Insurance Company, Agent, or Surplus Lines Broker; Issuance of Drafts, Etc.; Duties with Respect to Cancellation.27-40-16Payment of Rebates or Inducements Prohibited; Purchase of Premium Finance Agreement.27-40-17Notification of Existence of Premium Finance Agreement.27-40-18Delivery of Copy of Premium Finance Agreement to Insured.