Section 27-17-1 - Applicability of chapter; "burial insurance" defined(a) This chapter applies only to burial insurance policies.(b) For the purposes of this title, "burial insurance" is that form of life insurance under which: (1) Benefits are provided in the form of merchandise and services incident to the burial of the insured or the furnishing of a monument to the insured;(2) The specified retail value of such merchandise and services does not exceed $1,500.00; and(3) The words "burial policy," "vault policy," "monument policy," or words of similar import are printed on the policy as a part of its description.Ala. Code § 27-17-1 (1975)
Acts 1971, No. 407, p. 707, §392.