Section 27-26-35 Cancellation of policies. - Alabama Statutes

Section 27-26-35

Cancellation of policies.

Cancellation of the association's policies shall be governed by the same laws governing other insurance policies; except, that the association may also cancel any of its policies in the event of nonpayment of any stabilization reserve fund charge by mailing or delivering to the insured at the address shown on the policy written notice stating when, not less than 10 days after such notice, cancellation shall be effective.

(Acts 1975, No. 513, p. 1148, §7(11).)