§ 27-18-1 Applicability of chapter
§ 27-18-2 Policy provisions – Generally
§ 27-18-3 Policy provisions – Grace period
§ 27-18-4 Policy provisions – Incontestability
§ 27-18-5 Policy provisions – Copy of application; representations; statements as evidence
§ 27-18-6 Policy provisions – Insurability
§ 27-18-7 Policy provisions – Adjustment of premiums and/or benefits
§ 27-18-8 Policy provisions – Furnishing of statement to debtors
§ 27-18-9 Policy provisions – Payment of benefits
§ 27-18-10 Policy provisions – Individual certificates
§ 27-18-11 Policy provisions – Conversion – Termination of eligibility
§ 27-18-12 Policy provisions – Conversion – Termination of policy
§ 27-18-13 Policy provisions – Conversion – Death during conversion period
§ 27-18-14 Notice as to conversion rights
§ 27-18-15 Employee life insurance
§ 27-18-16 Assignment of rights and benefits under group policies

Terms Used In Alabama Code > Title 27 > Chapter 18

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Felony: A crime carrying a penalty of more than a year in prison.
  • 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
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • pharmacy: Any building, warehouse, physician's office, hospital, pharmaceutical house or other structure used in whole or in part for the sale, storage and/or dispensing of any controlled substance as defined in Section 20-2-2 as amended. See Alabama Code 13A-8-51
  • PHARMACY ROBBERY: A person commits the offense of "pharmacy robbery" under this article if in the course of committing a theft of any controlled substance as defined in Section 20-2-2 such person violates Section 13A-8-41. See Alabama Code 13A-8-51
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • shopping cart: when used in this article, shall mean those pushcarts of the type or types which are commonly provided by grocery stores, drugstores or other merchant stores or markets for the use of the public in transporting commodities in stores and markets and incidentally from the store to a place outside the store. See Alabama Code 13A-8-60
  • traffic sign: shall mean any traffic sign, traffic signal, warning sign, guideboard, milepost, road marker, emergency telephone sign, or any similar sign, signal, or device used by the state or any political subdivision of the state on the highways, roads, bridges, or streets of this state for the warning, instruction, or information of the public. See Alabama Code 13A-8-70
  • Trustee: A person or institution holding and administering property in trust.