(a) No annuity or pure endowment contract, other than reversionary annuities, survivorship annuities, or group annuities and except as stated in this section, shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions specified in Sections 27-15-17 through 27-15-22. Any of such provisions not applicable to single premium annuities or single premium pure endowment contracts shall not, to that extent, be incorporated therein.
(b) This section shall not apply to contracts for deferred annuities included in, or upon the lives of beneficiaries under, life insurance policies.
Structure Code of Alabama
Chapter 15 - Life Insurance and Annuity Contracts.
Article 1 - General Provisions.
Section 27-15-1 - Applicability of Article.
Section 27-15-2 - Life Insurance Policy Provisions - Generally.
Section 27-15-3 - Life Insurance Policy Provisions - Grace Period.
Section 27-15-4 - Life Insurance Policy Provisions - Incontestability.
Section 27-15-5 - Life Insurance Policy Provisions - Entire Contract; Representations.
Section 27-15-6 - Life Insurance Policy Provisions - Misstatement of Age or Sex.
Section 27-15-7 - Life Insurance Policy Provisions - Dividends.
Section 27-15-8 - Life Insurance Policy Provisions - Loans on Policy.
Section 27-15-8.1 - Life Insurance Policy Provisions - Maximum Rates of Interest on Policy Loans.
Section 27-15-9 - Life Insurance Policy Provisions - Table of Values and Benefits.
Section 27-15-10 - Life Insurance Policy Provisions - Table of Installments.
Section 27-15-11 - Life Insurance Policy Provisions - Reinstatement.
Section 27-15-12 - Life Insurance Policy Provisions - Payment of Premiums; Increases.
Section 27-15-13 - Life Insurance Policy Provisions - Settlement of Claims.
Section 27-15-14 - Life Insurance Policy Provisions - Title.
Section 27-15-15 - Effect of Incontestability Clause.
Section 27-15-16 - Annuity and Pure Endowment Contract Provisions - Generally.
Section 27-15-17 - Annuity and Pure Endowment Contract Provisions - Grace Period.
Section 27-15-18 - Annuity and Pure Endowment Contract Provisions - Incontestability.
Section 27-15-19 - Annuity and Pure Endowment Contract Provisions - Entire Contract.
Section 27-15-20 - Annuity and Pure Endowment Contract Provisions - Misstatement of Age or Sex.
Section 27-15-21 - Annuity and Pure Endowment Contract Provisions - Dividends.
Section 27-15-22 - Annuity and Pure Endowment Contract Provisions - Reinstatement.
Section 27-15-23 - Standard Provisions in Contracts for Reversionary Annuities.
Section 27-15-24 - Exclusions and Restrictions in Life Insurance Policies.
Section 27-15-25 - Contestability of Reinstated Policies.
Section 27-15-26 - Power of Life Insurer to Hold Proceeds of Policy.
Section 27-15-27 - Deductions in Determining Amount Due Under Life Insurance.
Section 27-15-28 - Standard Nonforfeiture Law for Life Insurance.