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- Title 27. Insurance
- Chapter 36a. Standard Valuation Law
Ala. Code § 27-36A-12 (1975) Reserve Calculation - Valuation Net Premium Exceeding the Gross Premium Charged
| Library | Alabama Statutes |
| Edition | 2023 |
| Currency | Current with legislation from the 2023 Regular and Special Sessions. |
| Year | 2023 |
| Citation | Ala. Code § 27-36A-12 (1975) |
(a) If in any contract year the gross premium charged by a company on a policy or contract ...
(b) For a life insurance policy issued on or after January 1, 1985, for which the gross premium in the first policy year exceeds that of the second year and for which no comparable additional benefit is provided in the first year for the excess, and which provides an endowment benefit or a cash surrender value or a combination thereof in an a...
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