Filing of the premium service agreement is not necessary to perfect the validity of the agreement as a secured transaction as against creditors, subsequent purchasers, pledgees, encumbrances, successors, or assigns.

HISTORY: Former 1976 Code SECTION 38-39-100 [1962 Code SECTION 37-779; 1971 (57) 744] recodified as SECTION 38-75-400 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-27-110 [1962 Code SECTION 37-1311; 1967 (55) 273] recodified as SECTION 38-39-100 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 653.