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- Chapter 14. The Insurance Contract
Ala. Code § 27-14-11 (1975) Contents of Policies - Generally
Library | Alabama Statutes |
Edition | 2023 |
Currency | Current with legislation from the 2023 Regular and Special Sessions. |
Year | 2023 |
Citation | Ala. Code § 27-14-11 (1975) |
(a) Every policy shall specify:
(1) The names of the parties to the contract;
(2) The subject of the insurance;
(3) The risks insured against;
(4) The time when the insurance thereunder takes effect and the period during which the insurance is to continue;
(5) The premium; and
(6) The conditions pertaining to the insurance.
(b) If under the policy the exact amount of premium is determinable only at stated intervals or termination of the contract, a statement of the basis and rates upon which the premium is to be determined and paid shall be included.
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