Alabama § 27-15-20 - Annuity and Pure Endowment Contract Provisions - Misstatement of Age or Sex.
Full text of Alabama Code of Alabama § 27-15-20 — Annuity and Pure Endowment Contract Provisions - Misstatement of Age or Sex., with citation guidance and answers to common questions.
§ 27-15-20. Annuity and Pure Endowment Contract Provisions - Misstatement of Age or Sex.
In an annuity or pure endowment contract, other than a reversionary, survivorship, or group annuity, there shall be a provision that if the age or sex of the person, or persons, upon whose life, or lives, the contract is made, or of any of them, has been misstated, the amount payable or benefits accruing under the contract shall be such as the stipulated payment, or payments, to the insurer would have purchased according to the correct age or sex and that if the insurer shall make, or has made, any overpayment, or overpayments, on account of any such misstatement the amount thereof, with interest at the rate to be specified in the contract but not exceeding six percent per annum, may be charged against the current or next succeeding payment, or payments, to be made by the insurer under the contract.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-15-20
What does Code of Alabama § 27-15-20 cover?
Section 27-15-20 ("Annuity and Pure Endowment Contract Provisions - Misstatement of Age or Sex.") 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 § 27-15-20?
A common citation format is "Code of Alabama § 27-15-20" (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 § 27-15-20 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.