Ala. Code § 8-37A-3 (2026)

(a) A motor vehicle value protection agreement may be offered, sold, or provided to a borrower or lessor under this chapter.

(b) A provider may use an administrator or other designee to be responsible for all or part of the administration of motor vehicle value protection agreements in compliance with this chapter. A provider may act as an administrator or retain the services of a third-party administrator.

(c) A motor vehicle value protection agreement shall not be sold unless the contract holder is provided a copy of the agreement.

(Act 2022-179, §2.)