Title 33, Chapter 7, Section 4
( 33-7-4)
Life insurance is insurance on human lives and insurance
appertaining to or connected with human lives. The transacting of
life insurance includes the granting of endowment benefits,
additional benefits in the event of death or dismemberment by
accident or accidental means, additional benefits in the event of
the disability of the insured, and optional modes of settlement of
proceeds of life insurance. An insurer authorized to transact life
insurance may also grant annuities. | 
