Alabama § 27-15-51 Construction and Application of Article

Alabama Statutes

§ 27-15-51 — Construction and Application of Article

Alabama·Title 27 Insurance·Ch. 15 Life Insurance and Annuity Contracts·Art. 2 Unclaimed Life Insurance Benefits Act

(a)This article shall require recognition of the escheat or unclaimed property statutes of Alabama as they relate to the method of payment for life insurance death benefits regulated by the Department of Insurance.

(b)This article shall apply only to life insurance policies, annuity contracts, and retained asset accounts issued and delivered in this state and which are issued or entered into on or after January 1, 2016.

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(a) This article shall require recognition of the escheat or unclaimed property statutes of Alabama as they relate to the method of payment for life insurance death benefits regulated by the Department of Insurance.
(b) This article shall apply only to life insurance policies, annuity contracts, and retained asset accounts issued and delivered in this state and which are issued or entered into on or after January 1, 2016.

Alabama § 27-15-51 (Construction and Application of Article) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.