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  2. U.S. State Codes
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  4. Alabama
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  6. Title 27 - Insurance.
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  8. Chapter 40 - Insurance Premium Finance Companies.


Chapter 40 - Insurance Premium Finance Companies.


  • Section 27-40-1 - Definitions.
  • Section 27-40-2 - Exemptions from chapter.
  • Section 27-40-3 - Licenses - Required; fees; information to be furnished commissioner.
  • Section 27-40-4 - Licenses - Investigation and qualifications of applicant; issuance.
  • Section 27-40-5 - Licenses - Suspension or revocation.
  • Section 27-40-6 - Books and records.
  • Section 27-40-7 - Promulgation and enforcement of rules and regulations.
  • Section 27-40-8 - Contents and style of premium finance agreement.
  • Section 27-40-9 - Service charges; prepayment of obligation.
  • Section 27-40-10 - Delinquency and cancellation charges.
  • Section 27-40-11 - Procedure for cancellation of insurance contract upon default.
  • Section 27-40-12 - Return of gross unearned premiums upon cancellation of contract.
  • Section 27-40-13 - Filing of agreement.
  • Section 27-40-14 - Exclusive jurisdiction of Department of Insurance.
  • Section 27-40-15 - Premium financed to be sent to insurance company, agent, or surplus lines broker; issuance of drafts, etc.; duties with respect to cancellation.
  • Section 27-40-16 - Payment of rebates or inducements prohibited; purchase of premium finance agreement.
  • Section 27-40-17 - Notification of existence of premium finance agreement.
  • Section 27-40-18 - Delivery of copy of premium finance agreement to insured.
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