§ 27-17-1 Applicability of chapter; “burial insurance” defined
§ 27-17-2 Policy provisions – Generally
§ 27-17-3 Policy provisions – Grace period
§ 27-17-4 Policy provisions – Entire contract; representations
§ 27-17-5 Policy provisions – Incontestability
§ 27-17-6 Policy provisions – Reinstatement
§ 27-17-7 Policy provisions – Authorized funeral director or monument dealer
§ 27-17-8 Policy provisions – Furnishing of merchandise and services – Generally
§ 27-17-9 Policy provisions – Furnishing of merchandise and services – Cash benefit in lieu thereof
§ 27-17-10 Policy provisions – Beneficiary
§ 27-17-11 Policy provisions – Payment of cash benefits
§ 27-17-12 Policy provisions – Waiver, etc., of policy terms or conditions
§ 27-17-13 Policy provisions – Nonforfeiture benefits and cash surrender values
§ 27-17-14 Policy provisions – Title
§ 27-17-15 Applicability of other provisions to chapter
§ 27-17-16 Valuation of life insurance reserve liabilities for burial insurance policies; increase in amount of insurance; minimum standards for valuation; notice to commissioner as to change in valuation standards; increase in retail value, nonforfeiture value, a

Terms Used In Alabama Code > Title 27 > Chapter 17

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • 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
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Executor: A male person named in a will to carry out the decedent
  • FERROUS METALS: Any metals containing significant quantities of iron or steel, excluding motor vehicles purchased in accordance with Section 32-8-87. See Alabama Code 13A-8-30
  • Fraud: Intentional deception resulting in injury to another.
  • 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
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • LAW ENFORCEMENT OFFICER: A duly constituted and certified peace officer of the State of Alabama or of any county or municipality within the state. See Alabama Code 13A-8-30
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • METAL PROPERTY: Metals as defined in this section as either ferrous or nonferrous metals. See Alabama Code 13A-8-30
  • NONFERROUS METALS: Metals not containing significant quantities of iron or steel, including, without limitation, copper, brass, aluminum other than aluminum cans, bronze, lead, zinc, nickel, stainless steel, and alloys thereof, including stainless steel beer kegs. See Alabama Code 13A-8-30
  • person: An individual, partnership, corporation, joint venture, trust, association, or any other legal entity. See Alabama Code 13A-8-30
  • PERSONAL IDENTIFICATION CARD: A driver's license or identification card issued by the Alabama State Law Enforcement Agency or a similar card issued by another state, a military identification card, a passport, or an appropriate work authorization issued by the U. See Alabama Code 13A-8-30
  • photograph: A still photographic image, including an image captured in digital format, which is of such quality that the persons and objects depicted are identifiable. See Alabama Code 13A-8-30
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • property: includes both real and personal property. See Alabama Code 1-1-1
  • PURCHASE TRANSACTION: A transaction in which a secondary metals recycler gives consideration in exchange for regulated metal property. See Alabama Code 13A-8-30
  • Reporter: Makes a record of court proceedings and prepares a transcript, and also publishes the court's opinions or decisions (in the courts of appeals).
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • SECONDARY METALS RECYCLER: Any person, whether licensed or not licensed, who is engaged, from a fixed location or otherwise, in the business of paying compensation for ferrous or nonferrous metals, whether or not engaged in the business of performing the manufacturing process by which ferrous metals or nonferrous metals are converted into raw material products consisting of prepared grades and having an existing or potential economic value. See Alabama Code 13A-8-30
  • Trustee: A person or institution holding and administering property in trust.
  • VERIFIABLE DOCUMENTATION: Written evidence of ownership which may be verified, including, but not limited to, receipts, bills of sale, titles, certificates of title, purchase agreements, shipping manifests, work orders, etc. See Alabama Code 13A-8-30