Alabama § 27-17-1 Applicability of Chapter; “Burial Insurance” Defined

Alabama Statutes

§ 27-17-1 — Applicability of Chapter; “Burial Insurance” Defined

Alabama·Title 27 Insurance·Ch. 17 Burial Insurance Policies

(a)This chapter applies only to burial insurance policies.

(b)For the purposes of this title, “burial insurance” is that form of life insurance under which:

(1)Benefits are provided in the form of merchandise and services incident to the burial of the insured or the furnishing of a monument to the insured;

(2)The specified retail value of such merchandise and services does not exceed $1,500.00; and

(3)The words “burial policy,” “vault policy,” “monument policy,” or words of similar import are printed on the policy as a part of its description.

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(a) This chapter applies only to burial insurance policies.
(b) For the purposes of this title, “burial insurance” is that form of life insurance under which:
(1) Benefits are provided in the form of merchandise and services incident to the burial of the insured or the furnishing of a monument to the insured;
(2) The specified retail value of such merchandise and services does not exceed $1,500.00; and
(3) The words “burial policy,” “vault policy,” “monument policy,” or words of similar import are printed on the policy as a part of its description.

Alabama § 27-17-1 (Applicability of Chapter; “Burial Insurance” Defined) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.