§ 16-204. Contract between parties; effect of statements in application

Latest version.

(a) Contract between parties. -- Each policy of life insurance shall contain a provision that the policy, or the policy and the application for the policy if a copy of the application is endorsed on or attached to the policy when issued, constitute the entire contract between the parties.

(b) Effect of statements in application. -- If the application is made part of the policy, the policy shall contain a provision that the statements in the application, in the absence of fraud, are considered representations and not warranties.

HISTORY: An. Code 1957, art. 48A, § 391; 1996, ch. 11.

                    
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