27-15-5
Section 27-15-5 Life insurance policy provisions - Entire contract; representations. There
shall be a provision that the policy, or the policy and the application or a summary of such
application, if a copy of the application or a summary thereof is endorsed upon or attached
to the policy when issued, shall constitute the entire contract between the parties and that
all statements contained in the application shall, in the absence of fraud, be deemed representations
and not warranties. 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. (Acts 1935, No. 152, p. 194; Acts 1971, No. 407, p. 707, §350; Acts
1988, No. 88-545, p. 844, §2.)...
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27-15-19
Section 27-15-19 Annuity and pure endowment contract provisions - Entire contract. 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. (Acts
1935, No. 152, p. 194; Acts 1971, No. 407, p. 707, §364; Acts 1988, No....
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27-16-5
Section 27-16-5 Policy provisions - Entire contract; representations. There shall be a provision
that the policy shall constitute the entire contract between the parties or, if a copy of
the application is endorsed upon or attached to the policy when issued, a provision that the
policy and the application therefor shall constitute the entire contract. If the application
is so made a part of the contract, the policy shall also provide that all statements made
by the applicant in such application shall, in the absence of fraud, be deemed to be representations
and not warranties. (1935, No. 152, p. 194; Code 1940, T. 28, §6; Acts 1971, No. 407, p.
707, §379.)...
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27-17-4
Section 27-17-4 Policy provisions - Entire contract; representations. There shall be a provision
that the policy shall constitute the entire contract between the parties or, if a copy of
the application is endorsed upon or attached to the policy when issued, a provision that the
policy and the application therefor shall constitute the entire contract. If the application
is so made a part of the contract, the policy shall also provide that all statements made
by the applicant in such application shall, in the absence of fraud, be deemed to be representations
and not warranties. (Acts 1935, No. 152, p. 194; Code 1940, T. 28, §6; Acts 1971, No. 407,
p. 707, §395.)...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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27-19-105
Section 27-19-105 Regulations for long-term care policies; outline of coverage, policy summary,
and monthly report. (a) The commissioner may adopt regulations that include standards for
full and fair disclosure setting forth the manner, content, and required disclosures for the
sale of long-term care insurance policies, terms of renewability, initial and subsequent conditions
of eligibility, nonduplication of coverage provisions, coverage of dependents, preexisting
conditions, termination of insurance, continuation or conversion, probationary periods, limitations,
exceptions, reductions, elimination periods, requirements for replacement, recurrent conditions,
and definitions of terms. Regulations under this subsection should recognize the developing
and unique nature of long-term care insurance and the distinction between group and individual
long-term insurance policies. (b) No long-term care insurance policy may do any of the following:
(1) Be cancelled, nonrenewed, or otherwise...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
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27-19-4
Section 27-19-4 Mandatory policy provisions - Entire contract; changes. There shall be a provision
as follows: "Entire Contract; Changes: This policy, including the endorsements and the
attached papers, if any, constitutes the entire contract of insurance. No change in this policy
shall be valid until approved by an executive officer of the insurer and unless such approval
be endorsed hereon or attached hereto. No agent has authority to change this policy or to
waive any of its provisions." (Acts 1953, No. 193, p. 247, §3; Acts 1957, No. 597, p.
834; Acts 1971, No. 407, p. 707, §425.)...
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27-18-5
Section 27-18-5 Policy provisions - Copy of application; representations; statements as evidence.
The group life insurance policy shall contain a provision that a copy of the application,
if any, of the policyholder shall be attached to the policy when issued, that all statements
made by the policyholder or by the persons insured shall be deemed representations and not
warranties and that no statement made by any person insured shall be used in any contest unless
a copy of the instrument containing the statement is or has been furnished to such person
or to his beneficiary. (Code 1940, T. 28, §6; Acts 1971, No. 407, p. 707, §411.)...
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27-14-6
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 be made
or effectuated unless at the time of the making of the contract the individual insured, being
of competent legal capacity to contract, applies therefor or has consented thereto, except
in the following cases: (1) A spouse may effectuate such insurance upon the other spouse;
(2) Any person having an insurable interest in the life of a minor or any person upon whom
a minor is dependent for support and maintenance may effectuate insurance upon the life of,
or pertaining to, such minor; and (3) Family policies may be issued insuring any two or more
members of a family on an application signed by either parent, a stepparent or by a husband
or wife; (b) An insurer shall be entitled to rely upon all statements,...
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