Alabama § 27-5-2 “Life Insurance” Defined

Alabama Statutes

§ 27-5-2 — “Life Insurance” Defined

Alabama § 27-5-2

Title 27Insurance

Ch. 5Kinds of Insurance; Limits of Risk; Reinsurance

This text of Alabama § 27-5-2 (“Life Insurance” Defined) 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 § 27-5-2 (2026).

Text

“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.

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“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.