Code of Alabama - Title 27: Insurance - Chapter 14 - The Insurance Contract

• Section 27-14-1 Definitions
  For the purposes of this chapter, the following terms shall have the meanings respectively ascribed to them by this section: (1) POLICY. A written contract...
• Section 27-14-2 Applicability of chapter
  This chapter applies as to all insurance contracts and annuity contracts other than: (1) Reinsurance; (2) Policies or contracts not issued for delivery in this...
• Section 27-14-3 Insurable interest - Personal insurance; preneed contracts
  (a) Insurable interest with reference to personal insurance is an interest based upon a reasonable expectation of pecuniary advantage through the continued life, health, or...
• Section 27-14-4 Insurable interest - Property insurance
  (a) No contract of insurance of property or of any interest in property, or arising from property, shall be enforceable as to the insurance except...
• Section 27-14-5 Power to contract; purchase of insurance by or for minors
  (a) Any person of competent legal capacity may contract for insurance. (b) Any minor of the age of 15 years or more, as determined by...
• Section 27-14-6 Application for policy - Requirement; reliance by insurer; admissibility into evidence; alterations
  (a) No life or disability insurance contract upon an individual, except a contract of group life insurance or of group or blanket disability insurance, shall...
• Section 27-14-7 Application for policy - Representations and misrepresentations, etc
  (a) All statements and descriptions in any application for an insurance policy or annuity contract, or in negotiations therefor, by, or in behalf of, the...
• Section 27-14-8 Forms - Filing and approval or disapproval
  (a) No basic insurance policy or annuity contract form or application form where written application is required and is to be made a part of...
• Section 27-14-9 Forms - Grounds for disapproval or withdrawal of previous approval
  The commissioner may disapprove any form filed under Section 27-14-8 or withdraw any previous approval thereof only if the form: (1) Is in any respect...
• Section 27-14-10 Standard or uniform provisions; waiver or substitution thereof
  (a) Insurance contracts shall contain such standard or uniform provisions as are required by the applicable provisions of this title pertaining to contracts of particular...
• Section 27-14-11 Contents of policies - Generally
  (a) Every policy shall specify: (1) The names of the parties to the contract; (2) The subject of the insurance; (3) The risks insured against;...
• Section 27-14-11.1 Contents of policies - Denial or reduction of benefits due to Medicaid eligibility void
  (a) For purposes of this section, "private insurer" is defined as any of the following: (1) Any commercial insurance company offering health or casualty insurance...
• Section 27-14-12 Contents of policies - Additional provisions
  A policy may contain additional provisions not inconsistent with this title and which are: (1) Required to be inserted by the laws of the insurer's...
• Section 27-14-13 Charter, bylaws, etc., of insurer as part of contract
  No policy shall contain any provision purporting to make any portion of the charter, bylaws, or other constituent document of the insurer, other than the...
• Section 27-14-14 Execution of policies
  (a) Every insurance policy shall be executed in the name of and on behalf of the insurer by its officer, attorney-in-fact, employee, or representative duly...
• Section 27-14-15 Underwriters' and combination policies
  (a) Two or more authorized insurers may jointly issue, and shall be jointly and severally liable on, an underwriters' policy bearing their names. Any one...
• Section 27-14-16 Noncomplying policies, riders, and endorsements
  Any insurance policy, rider, or endorsement hereafter issued and otherwise valid which contains any condition or provision not in compliance with the requirements of this...
• Section 27-14-17 Construction of policies
  (a) Every insurance contract shall be construed according to the entirety of its terms and conditions as set forth in the policy and as amplified,...
• Section 27-14-18 Binders
  (a) Binders or other contracts for temporary insurance may be made orally or in writing and shall be deemed to include all the usual terms...
• Section 27-14-19 Delivery of policies
  (a) Subject to the insurer's requirements as to payment of premium, every policy shall be mailed or delivered to the insured or to the person...
• Section 27-14-19.1 Electronic delivery of property or casualty insurance policy
  (a) As used in this section, each of the following words shall have the following meanings: (1) DELIVERED BY ELECTRONIC MEANS or ELECTRONIC DELIVERY. Any...
• Section 27-14-20 Renewal or extension of policies
  Any insurance policy terminating by its term at a specified expiration date and not otherwise renewable may be renewed or extended at the option of...
• Section 27-14-21 Assignment of policies
  (a) A policy may be assignable or not assignable, as provided by its terms. Subject to its terms relating to assignability, any life or disability...
• Section 27-14-22 Situs of contracts
  All contracts of insurance, the application for which is taken within this state, shall be deemed to have been made within this state and subject...
• Section 27-14-23 Effect of war on contracts of foreign insurer
  No insurance contract issued to a citizen of this state by an insurer organized under the laws of a foreign country shall be invalidated by...
• Section 27-14-24 Effect of payments
  Whenever the proceeds of, or payments under, a life or disability insurance policy or annuity contract, heretofore or hereafter issued, become payable in accordance with...
• Section 27-14-25 Receipt and giving of acquittance and discharge for payment by minors
  (a) Any minor domiciled in this state who has attained the age of 18 years shall be deemed competent to receive and to give full...
• Section 27-14-26 Forms for proof of loss
  An insurer shall furnish, upon written request of any person claiming to have a loss under an insurance contract issued or assumed by such insurer,...
• Section 27-14-27 Acts not deemed waiver of provisions or defenses
  Without limitation of any right or defense of an insurer otherwise, none of the following acts by, or on behalf of, an insurer shall be...
• Section 27-14-28 Effect of misrepresentations in proof of loss
  No misrepresentation in any proof of loss under any insurance policy shall defeat or void the policy unless such misrepresentation is made with actual intent...
• Section 27-14-29 Rights of beneficiaries, etc., under life insurance policies against creditors, etc
  (a) If a policy of insurance, whether heretofore or hereafter issued, is effected by any person on his own life or on another life in...
• Section 27-14-30 Right to proceeds when same retained by life insurer
  If under the terms of any annuity contract or life insurance policy, or under any written agreement supplemental thereto, issued by any life insurer, the...
• Section 27-14-31 Exemption from debt of proceeds - Disability
  The proceeds or avails of all contracts or disability insurance and of provisions providing benefits on account of the insured's disability which are supplemental to...
• Section 27-14-32 Exemption from debt of proceeds - Annuity contracts
  (a) The benefits, rights, privileges, and options which under any annuity contract, heretofore or hereafter issued, are due or prospectively due the annuitant shall not...

Last modified: May 3, 2021