§ 27-16-1 “Industrial life insurance” defined
§ 27-16-2 Applicability of chapter
§ 27-16-3 Policy provisions – Generally
§ 27-16-4 Policy provisions – Grace period
§ 27-16-5 Policy provisions – Entire contract; representations
§ 27-16-6 Policy provisions – Incontestability
§ 27-16-7 Policy provisions – Misstatement of age or sex
§ 27-16-8 Policy provisions – Dividends
§ 27-16-9 Policy provisions – Reinstatement
§ 27-16-10 Policy provisions – Settlement of claims
§ 27-16-11 Policy provisions – Waiver, etc., of policy terms or conditions
§ 27-16-12 Policy provisions – Beneficiaries; payment to other than designated beneficiary
§ 27-16-13 Policy provisions – Nonforfeiture benefits and cash surrender values
§ 27-16-14 Policy provisions – Title
§ 27-16-15 Policy provisions – Applicability to single premium, etc., policies
§ 27-16-16 Policy provisions – Conversion to life insurance with less frequent premium payments
§ 27-16-17 Policy provisions – Prohibited provisions

Terms Used In Alabama Code > Title 27 > Chapter 16

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • CHARITABLE ORGANIZATION: Any benevolent, philanthropic, or patriotic person, or one purporting to be such, consistent with the then-controlling definition provided in the Internal Revenue Code of the United States of America, which solicits and collects funds for charitable purposes and includes each local, county, or area division within this state of the charitable organization; provided the local, county, or area division has authority and discretion to disburse funds or property otherwise than by transfer to any parent organization. See Alabama Code 45-42-200.10
  • CHARITABLE ORGANIZATION: A person or nonprofit corporation who is or holds himself or herself out to be established for a benevolent, educational, philanthropic, humane, scientific, artistic, patriotic, social welfare or advocacy, public health, environmental, conservation, civic, or other eleemosynary purpose, or a person who employs a charitable appeal as the basis for any solicitation or appeal that suggests, directly or indirectly, that the solicitation is for a charitable purpose. See Alabama Code 45-42-200.17
  • CHARITABLE PURPOSE: Any charitable, benevolent, philanthropic, humane, patriotic, scientific, artistic, public health, social welfare, advocacy, environmental, conservation, civic, or other eleemosynary purpose as defined and amended, from time to time, by the Internal Revenue Code. See Alabama Code 45-42-200.17
  • COMMERCIAL CO-VENTURER: Any person who for profit or other commercial consideration conducts, promotes, underwrites, arranges, or sponsors a sale, performance, or event of any kind which is advertised, and which will benefit, to any extent, a charitable or religious organization. See Alabama Code 45-42-200.10
  • container: Box, carton, package, receptacle, canister, jar, dispenser, or machine that offers a product for sale or distribution, for solicitation purposes. See Alabama Code 45-42-200.17
  • contribution: The promise or grant of any money or property of any kind or value, including the promise to pay, except payments by members of an organization for membership fees, dues, fines, or assessments, or for services rendered to individual members, if membership in the organization confers a bona fide right, privilege, professional standing, honor, or other direct benefit, other than the right to vote, elect officers, or hold offices, and except money or property received from any governmental authority. See Alabama Code 45-42-200.10
  • DISCLOSURE LABEL: A printed or typed notice affixed to a container, in a conspicuous place and accessible to the public, that is easily readable and legible that informs the public of the following:

    a. See Alabama Code 45-42-200.17

  • Ex officio: Literally, by virtue of one's office.
  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • person: Any individual, organization, group, association, partnership, corporation, trust, or any combination of them. See Alabama Code 45-42-200.10
  • PROFESSIONAL FUND RAISER: Any person who for compensation or other consideration plans, conducts, manages, or carries on any drive or campaign in this state for the purpose of soliciting contributions for or on behalf of any charitable organization or any other person, or who engages in the business of, or holds himself or herself out to persons in this state as independently engaged in the business of soliciting contributions for such purposes. See Alabama Code 45-42-200.10
  • PROFESSIONAL SOLICITOR: Any person who is employed or retained for compensation by a professional fund raiser to solicit contributions for charitable purposes in this state. See Alabama Code 45-42-200.10
  • Service of process: The service of writs or summonses to the appropriate party.
  • Subpoena duces tecum: A command to a witness to produce documents.
  • Trustee: A person or institution holding and administering property in trust.