Modifications of the terms of the subscribers’ agreement or of the power of attorney of a domestic reciprocal insurer shall be made jointly by the attorney and the subscribers’ advisory committee. No such modification shall be effective retroactively nor as to any insurance contract issued prior thereto.
Ala. Code § 27-31-10
Modifications of Subscribers’ Agreement or Power of Attorney of Domestic Insurer.
(Acts 1971, No. 407, p. 707, §600.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.