Title 33, Chapter 24, Section 18
(a) The written instrument in which a contract of insurance is set
forth is the policy.
(b) Every policy shall specify:
(1) The names of the parties to the contract;
(2) The subject of the insurance;
(3) The risks insured against;
(4) The time when the insurance under the policy takes effect and
the period during which the insurance is to continue;
(5) The premium; and
(6) The conditions pertaining to the insurance.
(c) If under the policy the exact amount of premium is determinable
only at stated intervals or termination of the contract, a statement
of the basis and rates upon which the premium is to be determined
and paid shall be included.
(d) Subsections (b) and (c) of this Code section shall not apply to
surety contracts or to group insurance policies.
(e) All policies and annuity contracts issued by domestic insurers
and the forms of the policies and annuity contracts filed with the
Commissioner shall have printed thereon an appropriate designating
letter or figure or combination of letters or figures or terms
identifying the respective forms of policies or contracts. Whenever
any change is made in any form, the designating letters, figures, or
terms thereon shall be correspondingly changed.
(f) All policies and annuity contracts shall contain such standard
or uniform provisions as are required by the applicable provisions
of this title pertaining to contracts of particular kinds of
(g) A policy may contain additional provisions which are not
inconsistent with this title and which are:
(1) Required to be inserted by the laws of the insurer's domicile;
(2) Necessary, on account of the manner in which the insurer is
constituted or operated, in order to state the rights and
obligations of the parties to the contract; or
(3) Desired by the insurer and neither prohibited by law nor in
conflict with any provisions required to be included therein.