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- Title 27. Insurance
- Chapter 5. Kinds of Insurance; Limits of Risk; Reinsurance
Ala. Code § 27-5-2 (1975) "Life Insurance" Defined
| Library | Alabama Statutes |
| Edition | 2023 |
| Currency | Current with legislation from the 2023 Regular and Special Sessions. |
"Life insurance" is insurance on human lives. The transaction of life insurance includes also the granting of endowment benefits, additional benefits in event of death or dismemberment by accident or accidental means, additional benefits in event of the insured's disability, burial insurance, and optional modes of settlement of proceeds of life insurance. Life insurance doe...
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