§ 27-36A-1 Short title
§ 27-36A-2 Definitions
§ 27-36A-3 Reserve valuation
§ 27-36A-4 Actuarial opinion of reserves
§ 27-36A-5 Computation of minimum standard
§ 27-36A-6 Computation of minimum standard for annuities
§ 27-36A-7 Computation of minimum standard by calendar year of issue
§ 27-36A-8 Reserve valuation method – Life insurance and endowment benefits
§ 27-36A-9 Reserve valuation method – Annuity and pure endowment benefits
§ 27-36A-10 Minimum reserves
§ 27-36A-11 Optional reserve calculation
§ 27-36A-12 Reserve calculation – Valuation net premium exceeding the gross premium charged
§ 27-36A-13 Reserve calculation – Indeterminate premium plans
§ 27-36A-14 Minimum standard for accident and health insurance contracts
§ 27-36A-15 Valuation manual for policies issued on or after the operative date of the valuation manual
§ 27-36A-16 Requirements of a principle-based valuation
§ 27-36A-17 Experience reporting for policies in force on or after the operative date of the valuation manual
§ 27-36A-18 Confidentiality
§ 27-36A-19 Single state exemption
§ 27-36A-20 Small company alternative valuation

Terms Used In Alabama Code > Title 27 > Chapter 36A

  • 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.
  • board: The State Board of Corrections. See Alabama Code 14-8-30
  • county: Macon County. See Alabama Code 45-44-247.01
  • COUNTY INMATE: A person convicted of a crime and sentenced to a term of confinement of one year's duration or less. See Alabama Code 14-8-30
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Felony: A crime carrying a penalty of more than a year in prison.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • 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.
  • SALES AND USE TAX: A tax imposed by the state sales and use tax statutes and such other acts applicable to Macon County, including, but not limited to, Article 1 and Article 2 of Chapter 23 of Title 40. See Alabama Code 45-44-247.01
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • STATE INMATE: A person convicted of a crime and sentenced to a term of confinement of more than one year's duration. See Alabama Code 14-8-30
  • Testify: Answer questions in court.