Alabama Statutes
§ 27-15-27 — Deductions in Determining Amount Due Under Life Insurance
Alabama § 27-15-27
JurisdictionAlabama
Title 27Insurance
Ch. 15Life Insurance and Annuity Contracts
Art. 1General Provisions
This text of Alabama § 27-15-27 (Deductions in Determining Amount Due Under Life Insurance) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 27-15-27 (2026).
Text
In determining the amount due under any life insurance policy heretofore or hereafter issued, deduction may be made of:
(1)Any unpaid premiums or installments thereof for the current policy year due under the terms of the policy; and
(2)The amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid.
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Legislative History
(Acts 1971, No. 407, p. 707, §372.)
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Alabama § 27-15-27, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-15-27.