Legal Question in Insurance Law in Alabama

What type of insurance certificate is it for? Life insurance? I suspect the $14,000,000 capital stock referenced on the certificate is somehow related to some sort of reporting requirement of the Maryland Dept of Insurance or it could be a statement of mutual ownership value if USF&G was a mutual insurance company. A mutual insurance company is theoretically owned by each insured person. Fewer and fewer insurance companies are doing business as mutual companies, many are now stock owned companies and ownership is verified via stock certificates as opposed to mutual certificates. I also believe USF&G has now been bought out and subsumed by another major company...Travelers, I believe.

In any event, if this insurance certificate is for a life insurance policy then it may have some cash value depending upon what type of policy was purchased, permanent or term. Our recent newsletter, Legally Speaking, has an article on life insurance policies and it can be downloaded directly from our web site. I'll include the web address below. Also, our office is in Mobile and we provide free consultaions on insurance matters. Please feel free to call and schedule an appointment. 251 433 -7766. Hope this is helpful. Have a great day.

www.botelerwolfe.com or Google Boteler & Wolfe, Attorneys