In an annuity or pure endowment contract, other than a reversionary, survivorship, or group annuity, there shall be a provision that the written contract shall constitute the entire contract between the parties or, if a copy of the application or a summary thereof is endorsed upon or attached to the contract when issued, a provision that the written contract and the application or summary thereof shall constitute the entire contract between the parties. In the event of discrepancies between the original application and the summary, the contents of the original application shall govern. When a summary of the application is attached to the policy, the insurer shall keep and maintain the original application for insurance or a copy thereof for a period of not less than three years from the date on which the policy was issued.
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.