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29.1552 Acknowledgment of receipt of premium.

Cite as [A.S.C.A. § 29.1552]

An acknowledgment in a policy of receipt of the premium is conclusive evidence of its pay-ment, so far as to make the policy binding, notwithstanding any stipulation in the policy that it shall be binding until the premium is actually paid.

History: 1974, PL 13-58 § 1.