There shall be a provision that no agent shall have the power or authority to waive, change or alter any of the terms or conditions of any policy; except, that at the option of the insurer, the terms or conditions may be changed by an endorsement or rider signed by a duly authorized officer of the insurer.
Structure Code of Alabama
Chapter 16 - Industrial Life Insurance.
Section 27-16-1 - "Industrial Life Insurance" Defined.
Section 27-16-2 - Applicability of Chapter.
Section 27-16-3 - Policy Provisions - Generally.
Section 27-16-4 - Policy Provisions - Grace Period.
Section 27-16-5 - Policy Provisions - Entire Contract; Representations.
Section 27-16-6 - Policy Provisions - Incontestability.
Section 27-16-7 - Policy Provisions - Misstatement of Age or Sex.
Section 27-16-8 - Policy Provisions - Dividends.
Section 27-16-9 - Policy Provisions - Reinstatement.
Section 27-16-10 - Policy Provisions - Settlement of Claims.
Section 27-16-11 - Policy Provisions - Waiver, etc., of Policy Terms or Conditions.
Section 27-16-12 - Policy Provisions - Beneficiaries; Payment to Other Than Designated Beneficiary.
Section 27-16-13 - Policy Provisions - Nonforfeiture Benefits and Cash Surrender Values.
Section 27-16-14 - Policy Provisions - Title.
Section 27-16-15 - Policy Provisions - Applicability to Single Premium, etc., Policies.
Section 27-16-17 - Policy Provisions - Prohibited Provisions.