Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-093 - CREDIT PROPERTY AND INVOLUNTARY UNEMPLOYMENT INSURANCE
Section 482-1-093-.07 - Insurance Not To Exceed Amount Or Terms Of Loan
Universal Citation: AL Admin Code R 482-1-093-.07
Current through Register Vol. 42, No. 5, February 29, 2024
No insurance sold within the scope of this chapter may exceed in amount of coverage the amount of indebtedness on the underlying loan nor exceed in duration the scheduled term of the underlying loan. Household contents may be insured at their replacement cost up to the original amount of indebtedness.
Author: Vincent R. Ledlow, Associate Counsel
Statutory Authority: Code of Ala. 1975, § 27-2-17.
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