"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.
Structure Code of Alabama
Chapter 5 - Kinds of Insurance; Limits of Risk; Reinsurance.
Section 27-5-1 - Definitions Not Mutually Exclusive; Exceptions to Applicability of Chapter.
Section 27-5-2 - "Life Insurance" Defined.
Section 27-5-3 - "Annuity" Defined.
Section 27-5-4 - "Disability Insurance" Defined.
Section 27-5-5 - "Property Insurance" Defined.
Section 27-5-6 - "Casualty Insurance" Defined.
Section 27-5-7 - "Surety Insurance" Defined.
Section 27-5-8 - "Marine Insurance" Defined.
Section 27-5-9 - "Wet Marine and Transportation Insurance" Defined.
Section 27-5-10 - "Title Insurance" Defined.
Section 27-5-11 - Limits of Risk.