|
7-9A-102
Section 7-9A-102 Definitions and index of definitions. (a) Article 9A definitions. In this
article: (1) "Accession" means goods that are physically united with other goods
in such a manner that the identity of the original goods is not lost. (2) "Account,"
except as used in "account for," means a right to payment of a monetary obligation,
whether or not earned by performance, (i) for property that has been or is to be sold, leased,
licensed, assigned, or otherwise disposed of, (ii) for services rendered or to be rendered,
(iii) for a policy of insurance issued or to be issued, (iv) for a secondary obligation incurred
or to be incurred, (v) for energy provided or to be provided, (vi) for the use or hire of
a vessel under a charter or other contract, (vii) arising out of the use of a credit or charge
card or information contained on or for use with the card, or (viii) as winnings in a lottery
or other game of chance operated or sponsored by a State, governmental unit of a State, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-102.htm - 29K - Match Info - Similar pages
9-16-90
Section 9-16-90 Environmental protection performance standards. (a) Any permit issued pursuant
to this article to conduct surface mining operations shall require that such surface coal
mining operations will meet all applicable performance standards of this article, and such
other requirements as the regulatory authority shall promulgate. (b) General performance standards
shall be applicable to all surface coal mining and reclamation operations and shall require
the operation as a minimum to: (1) Conduct surface coal mining operations so as to maximize
the utilization and conservation of the solid fuel resource being recovered so that reaffecting
the land in the future through surface coal mining can be minimized; (2) Restore the land
affected to a condition capable of supporting the uses which it was capable of supporting
prior to any mining, or higher or better uses of which there is reasonable likelihood, so
long as such use or uses do not present any actual or probable hazard to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-16-90.htm - 30K - Match Info - Similar pages
27-16-12
Section 27-16-12 Policy provisions - Beneficiaries; payment to other than designated beneficiary.
(a) Each such policy shall have a space for the name of the beneficiary designated with a
reservation of the right to designate or change the beneficiary after the issuance of the
policy. (b) The policy may also provide that no designation or change of beneficiary shall
be binding on the insurer until endorsed on the policy by the insurer and that the insurer
may refuse to endorse the name of any proposed beneficiary who does not appear to the insurer
to have an insurable interest in the life of the insured. (c) Such a policy may also provide
that if the beneficiary designated in the policy does not make a claim under the policy or
does not surrender the policy with due proof of death within the period stated in the policy,
which shall be not less than 30 days after the death of the insured, or if the beneficiary
is the estate of the insured, or is a minor, or dies before the insured or is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-16-12.htm - 1K - Match Info - Similar pages
27-17-10
Section 27-17-10 Policy provisions - Beneficiary. Each such policy shall have a space for the
name of the beneficiary designated with a reservation of the right to designate or change
the beneficiary after the issuance of the policy. The policy may also provide that no designation
or change of beneficiary shall be binding on the insurer until endorsed on the policy by the
insurer and that the insurer may refuse to endorse the name of any proposed beneficiary who
does not appear to the insurer to have an insurable interest in the life of the insured. (Acts
1971, No. 407, p. 707, §401.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-17-10.htm - 898 bytes - Match Info - Similar pages
19-3B-1305
Section 19-3B-1305 Trusts consisting of insurance policies or proceeds. Trusts consisting solely
of policies of life, health, accident, or disability insurance, or of the proceeds or avails
thereof, shall for the purpose of determining whether any law against perpetuities or suspension
of the power of alienation of title to property is applicable thereto be regarded as created
when the liability of the insurer accrues by reason of the occurrence of the event insured
against, whether or not a power to revoke the trust as to the policies was reserved during
the life of the insured and whether or not any beneficial interest in the policies is alienable
by the beneficiaries and whether or not the beneficiary or beneficiaries were in being at
the time of the creation of the trust. (Acts 1949, No. 265, p. 389; §35-4-260; Act 2006-216,
p. 314, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3B-1305.htm - 1K - Match Info - Similar pages
27-36A-5
Section 27-36A-5 Computation of minimum standard. (a) Except as provided in Sections 27-36A-6,
27-36A-7 and 27-36A-14, the minimum standard for the valuation of all the policies and contracts
issued prior to May 28, 1996, shall be that provided by the laws in effect immediately prior
to May 28, 1996. (b) Except as otherwise provided in Sections 27-36A-6, 27-36A-7, and 27-36A-14,
the minimum standard for the valuation of all policies and contracts issued on or after May
28, 1996, shall be the commissioners reserve valuation method defined in Sections 27-36A-8,
27-36A-9, 27-36A-12, and 27-36A-14, three and one-half percent interest, or, in the case of
life insurance policies and contracts, other than annuity and pure endowment contracts, issued
on or after August 23, 1976, four percent interest for the policies issued prior to July 30,
1979, and five and one-half percent interest for single premium life insurance policies and
four and one-half percent interest for all other policies...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-36A-5.htm - 5K - Match Info - Similar pages
27-31D-1
Section 27-31D-1 Premium discount or insurance rate reduction - Construction and certification.
(a) Commencing on May 14, 2009, insurance companies shall provide a premium discount or insurance
rate reduction in an amount and manner as established in subsection (j) and pursuant to Section
27-31D-3. In addition, insurance companies may also offer additional adjustments in deductible,
other credit rate differentials, or a combination thereof, collectively referred to as adjustments.
These adjustments shall be available under the terms specified in this section to any owner
who builds or locates a new insurable property, in the State of Alabama, to resist loss due
to hurricane or other catastrophic windstorm events. (b) To obtain the adjustment provided
in this section, an insurable property located in this state shall be certified as constructed
in accordance with either of the following: (1) The 2006 International Residential Code, as
amended, including all hurricane mitigation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-31D-1.htm - 4K - Match Info - Similar pages
27-31D-2
Section 27-31D-2 Premium discount or insurance rate reduction - Fortified existing homes. (a)
Commencing on May 14, 2009, insurance companies shall provide a premium discount or insurance
rate reduction in an amount and manner as established in subsection (g) and pursuant to Section
27-31D-3. In addition, insurance companies may also offer additional adjustments in deductible,
other credit rate differentials, or a combination thereof, collectively referred to as adjustments.
These adjustments shall be available under the terms specified in this section to any owner
who retrofits his or her insurable property located in the State of Alabama to resist loss
due to hurricane or other catastrophic windstorm events. (b) To obtain the adjustment provided
in this section, an insurable property shall be retrofitted to any of the following: (1) The
Fortified Home: Hurricane Standards (FHH), or the Fortified Home: Highwind and Hail Standards
(FHWH) requirements as may from time to time be adopted...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-31D-2.htm - 4K - Match Info - Similar pages
27-14-30
Section 27-14-30 Right to proceeds when same retained by life insurer. If under the terms of
any annuity contract or life insurance policy, or under any written agreement supplemental
thereto, issued by any life insurer, the proceeds, or any part thereof, are retained by the
insurer at maturity or otherwise, no person entitled to any part of such proceeds or any installments
of interest due, or to become due thereon, shall be permitted to commute, anticipate, encumber,
alienate, or assign the same, or any part thereof, if such permission is expressly withheld
by the terms of such contract, policy, or supplemental agreement; and if such contract, policy,
or supplemental agreement so provides, no payment of interest or of principal shall be in
any way subject to such person's debts, contracts, or engagements nor to any judicial process
to levy upon, or attach the same, for payment thereof. (Acts 1935, No. 231, p. 627; Code 1940,
T. 28, §4; Acts 1971, No. 407, p. 707, §343.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-14-30.htm - 1K - Match Info - Similar pages
27-18-14
Section 27-18-14 Notice as to conversion rights. If any individual insured under a group life
insurance policy hereafter delivered in this state becomes entitled under the terms of such
policy to have an individual policy of life insurance issued to him without evidence of insurability,
subject to making of application and payment of the first premium within the period specified
in such policy, and if such individual is not given notice of the existence of such right
at least 15 days prior to the expiration date of such period, then, in such event, the individual
shall have an additional period within which to exercise such right, but nothing contained
in this section shall be construed to continue any insurance beyond the period provided in
such policy. This additional period shall expire 15 days next after the individual is given
such notice, but in no event shall such additional period extend beyond 60 days next after
the expiration date of the period provided in such policy....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-18-14.htm - 1K - Match Info - Similar pages
|