Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-113 - ACCELERATED BENEFIT PROVISIONS OF INDIVIDUAL AND GROUP LIFE INSURANCE POLICIES
Section 482-1-113-.04 - Type Of Product
Universal Citation: AL Admin Code R 482-1-113-.04
Current through Register Vol. 42, No. 11, August 30, 2024
Accelerated benefit riders and life insurance policies with accelerated benefit provisions are primarily mortality risks rather than morbidity risks. They are life insurance benefits subject to Chapter 15 of the Insurance Code.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, § 27-2-17.
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