Alabama § 27-15-18 - Annuity and Pure Endowment Contract Provisions - Incontestability.
Full text of Alabama Code of Alabama § 27-15-18 — Annuity and Pure Endowment Contract Provisions - Incontestability., with citation guidance and answers to common questions.
§ 27-15-18. Annuity and Pure Endowment Contract Provisions - Incontestability.
If any statements, other than those relating to age, sex, and identity, are required as a condition to issuing an annuity or pure endowment contract, other than a reversionary, survivorship, or group annuity and subject to Section 27-15-20, there shall be a provision that the contract shall be incontestable after it has been in force during the lifetime of the person, or of each of the persons, as to whom such statements are required for a period of two years from its date of issue, except for nonpayment of stipulated payments to the insurer; and at the option of the insurer, such contract may also except any provisions relative to benefits in the event of disability and any provisions which grant insurance specifically against death by accident or accidental means.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-15-18
What does Code of Alabama § 27-15-18 cover?
Section 27-15-18 ("Annuity and Pure Endowment Contract Provisions - Incontestability.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 27-15-18?
A common citation format is "Code of Alabama § 27-15-18" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 27-15-18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.