Alabama Insurance Contract, General Provisions

What this document is

Alabama Insurance Contract, General Provisions - Ala. Code Title 27, Chapter 14 (§§ 27-14-1 through 27-14-32) is a state statute published by alison.legislature.state.al.us. It is one of the Alabama documents that insurance license exam questions are written from, including alabama life & health, alabama property & casualty, alabama personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Ala. Code tit. 27 § 27-14-6(d) (Application for Policy - Alterations)

  “No alteration of any written application for any life or disability insurance policy shall be made by any person other than the applicant without his written consent, except that insertions may be made by the insurer, for administrative purposes only, in such manner as to indicate clearly that such...”

• Ala. Code tit. 27 § 27-14-17(b) (Construction of Policies)

  “A clause in any policy of life insurance, including burial insurance, providing that such policy shall be incontestible after a specified period shall preclude only a contest of the validity of the policy and shall not preclude the assertion at any time of defenses based upon provisions in the...”

• Ala. Code tit. 27 § 27-14-3(f) (Insurable Interest - Personal Insurance)

  “An insurable interest shall exist at the time the contract of personal insurance becomes effective, but this requirement need not exist at the time the loss occurs.”

• Ala. Code tit. 27 § 27-14-28 (Effect of Misrepresentations in Proof of Loss)

  “No misrepresentation in any proof of loss under any insurance policy shall defeat or void the policy unless such misrepresentation is made with actual intent to deceive as to a matter material to the insured’s rights under the policy.”

• Ala. Code tit. 27 § 27-14-7(a) (Application for Policy - Representations and Misrepresentations)

  “All statements and descriptions in any application for an insurance policy or annuity contract, or in negotiations therefor, by, or in behalf of, the insured or annuitant shall be deemed to be representations and not warranties.”

• Ala. Code § 27-14-3(g) (Insurable Interest - Personal Insurance; Preneed Contracts)

  “(g) Any personal insurance contract procured or caused to be procured upon another individual is void unless the benefits under the contract are payable to the individual insured, or his or her personal representative, or to a person having, at the time when the contract was made, an insurable...”

• Ala. Code § 27-14-7(b) (Application for Policy - Representations and Misrepresentations, Etc.)

  “(b) No plea of misrepresentation or fraud in connection with the issuance of a life insurance policy or annuity contract shall be filed unless accompanied by a payment into court of all premiums paid on the policy or contract.”

• Ala. Code § 27-14-27 (Acts Not Deemed Waiver of Provisions or Defenses)

  “Without limitation of any right or defense of an insurer otherwise, none of the following acts by, or on behalf of, an insurer shall be deemed to constitute a waiver of any provision of a policy or of any defense of the insurer thereunder: (1) Acknowledgment of the receipt of notice of loss or...”

• Ala. Code Section 27-14-4 (Insurable Interest - Property Insurance)

  “(a) No contract of insurance of property or of any interest in property, or arising from property, shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured as at the time of the loss. (b) “Insurable interest,” as used in this...”

• Ala. Code Section 27-14-28 (Effect of Misrepresentations in Proof of Loss)

  “No misrepresentation in any proof of loss under any insurance policy shall defeat or void the policy unless such misrepresentation is made with actual intent to deceive as to a matter material to the insured’s rights under the policy.”

• Ala. Code Section 27-14-27 (Acts Not Deemed Waiver of Provisions or Defenses)

  “Without limitation of any right or defense of an insurer otherwise, none of the following acts by, or on behalf of, an insurer shall be deemed to constitute a waiver of any provision of a policy or of any defense of the insurer thereunder: (1) Acknowledgment of the receipt of notice of loss or...”

• Ala. Code Section 27-14-18(a), (b) (Binders)

  “(a) Binders or other contracts for temporary insurance may be made orally or in writing and shall be deemed to include all the usual terms of the policy as to which the binder was given, together with such applicable endorsements as are designated in the binder, except as superseded by the clear...”

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Questions about this source

More Alabama sources

• Alabama Producer Examination Content Outline - Life and Health ExaminationsCandidate handbook or exam outline
• Alabama Producer Examination Content Outline - Property and Casualty ExaminationsCandidate handbook or exam outline
• Alabama Code § 27-12-6 - TwistingState statute
• Alabama Code Title 27, Chapter 19, Article 1 - Disability Insurance Policies (Secs. 27-19-1 to 27-19-22)State statute
• Alabama Disability (Accident and Health) Insurance Policy Provisions - Ala. Code Title 27, Chapter 19, Article 1, General Provisions (§§ 27-19-1 through 27-19-39)State statute
• Alabama Group and Blanket Disability (Health) Insurance - Ala. Code Title 27, Chapter 20 (§§ 27-20-1 through 27-20-7)State statute
• Alabama Group Life Insurance - Ala. Code Title 27, Chapter 18 (§§ 27-18-1 through 27-18-16)State statute
• Alabama Life Insurance and Annuity Contracts - Ala. Code Title 27, Chapter 15 (Art. 1 General Provisions; Art. 2 Unclaimed Life Insurance Benefits Act; Art. 3 Standard Nonforfeiture Law for Life Insurance)State statute