To the extent applicable, an insurer that issued a reimbursement insurance policy shall not terminate the policy until a notice of termination in accordance with Chapter 40 of Title 27 has been mailed or delivered to the commissioner. The termination of a reimbursement insurance policy shall not reduce the issuer’s responsibility for service contracts sold by providers which it insured prior to the date of the termination.
Ala. Code § 8-32-8
Cancellation of Reimbursement Insurance Policy.
(Acts 1997, No. 97-445, p. 753, §8.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.