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2022 Code of Alabama
Title 27 - Insurance.
Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.
Section 27-5-2 - "Life Insurance" Defined.
Universal Citation: AL Code § 27-5-2 (2022)
Section 27-5-2
"Life insurance" defined.
"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 does not include workmen's compensation coverages.
(Acts 1971, No. 407, p. 707, §88.)
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