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Alabama DOI Revises Commercial Notice of Premium Increase Provisions

The Alabama Department of Insurance (DOI) has issued Bulletin 2017-04, which replaces Bulletin 2016-04 dated June 8, 2016. The DOI is narrowing the scope of the notice of premium increase provisions for commercial lines to require a minimum of 30 days notice only for premium increases of greater than 15%. The notice of premium increase provision for personal lines remains the same.    

Link to Bulletin 2017-04     

Link to Bulletin 2016-04