45-37-123.132
Section 45-37-123.132 Adjustments to annual benefit and limitations. (a) Adjustment
if fewer than 10 years. Effective for limitation years ending after December 31, 2001, if
a member has fewer than 10 years of participation in the plan, then the defined benefit dollar
limitation of Section 45-37-123.131(a) shall be multiplied by a fraction, the numerator
of which is the number of years, or part thereof, of participation in the plan, and the denominator
of which is 10. However, in no event shall such fraction be less than one-tenth. Notwithstanding
the foregoing, no adjustment shall be made to the defined benefit dollar limitation for a
distribution on account of a member becoming disabled by reason of personal injuries or sickness,
or as a result of the death of a member. For purposes of this subsection, a year of participation
means each accrual computation period for which the following conditions are met: The member
is credited with a period of service for benefit accrual purposes,...
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45-37A-51.284
Section 45-37A-51.284 Actuarial assumptions. (a) Effective date. Except as provided
by the Pension Benefit Guaranty Corporation (PBGC) and the Internal Revenue Service, the limitations
of this section shall first apply in determining the amount payable to a participant
having an annuity starting date in a fiscal year beginning on or after January 1, 2008. (b)
Applicable interest rate. For purposes of the fund's provisions relating to the calculation
of the present value of a benefit payment that is subject to § 417(e), Internal Revenue Code,
as well as any other fund provision referring directly or indirectly to the applicable interest
rate or applicable mortality table used for purposes of § 417(e), Internal Revenue Code,
any provision prescribing the use of the annual rate of interest on 30-year United States
Treasury securities shall be implemented by instead using the rate of interest determined
by applicable interest rate described by § 417(e), Internal Revenue Code, after its...
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40-18-14
Section 40-18-14 Adjusted gross income of individuals. The term "gross income"
as used herein: (1) Includes gains, profits and income derived from salaries, wages, or compensation
for personal services of whatever kind, or in whatever form paid, including the salaries,
income, fees, and other compensation of state, county, and municipal officers and employees,
or from professions, vocations, trades, business, commerce or sales, or dealings in property
whether real or personal, growing out of ownership or use of or interest in such property;
also from interest, royalties, rents, dividends, securities, or transactions of any business
carried on for gain or profit and the income derived from any source whatever, including any
income not exempted under this chapter and against which income there is no provision for
a tax. The term "gross income" as used herein also includes alimony and separate
maintenance payments to the extent they are includable in gross income for federal income
tax...
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45-8A-22.120
Section 45-8A-22.120 Optional benefit plans. (a) Optional Plans. Any participant terminating
service on or after January 1, 1989, pursuant to the terms of Section 45-8A-22.113,
Section 45-8A-22.114, or Section 45-8A-22.116 shall, within 20 days of the effective
date of termination have the option of electing a pension plan with or without death benefits
from one of the following three optional plans: (1) Option A-Fifty Percent Joint and Survivor
Plan. a. A participant having elected Option A shall, during his or her lifetime, receive
a monthly benefit from the plan in accordance with Section 45-8A-22.113, Section
45-8A-22.114, or Section 45-8A-22.116. b. In the event that a participant dies from
any cause and leaves a surviving spouse, the retirement board shall direct the payment to
the spouse of a monthly pension equal to 50 percent of the amount of the pension being paid
to the participant at the time of his or her death; provided, however, with respect to retirements
pursuant to...
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27-17A-12
Section 27-17A-12 Preneed contract forms; disclosure; approval. (a) Preneed contract
forms and related forms shall be filed with and approved by the commissioner. (b) Specific
disclosure regarding whether, consistent with the requirements of this chapter, the certificate
holder is placing certain preneed funds received with the contract in trust, in an annuity,
or in insurance, is required in the preneed contract. (c) Preneed contracts which have been
submitted to the commissioner shall be deemed to have been approved by the commissioner in
the event that the commissioner fails to notify the certificate holder that approval has been
denied within 30 days following submission to the commissioner. (Act 2002-74, p. 221, §1;
Act 2014-216, p. 653, §3.)...
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27-31B-16
Section 27-31B-16 Tax on premiums collected. (a) Each captive insurance company shall
pay to the commissioner, by March 1 of each year, a tax at the rate of four-tenths of one
percent on the first 20 million dollars, three-tenths of one percent on the next 20 million
dollars, two-tenths of one percent on the next 20 million dollars, seventy-five thousandths
of one percent on each dollar thereafter on the direct premiums collected or contracted for
on policies or contracts of insurance written by the captive insurance company during the
year ending December 31 next preceding, after deducting from the direct premiums subject to
the tax the amounts paid to policyholders as return premiums which shall include dividends
on unabsorbed premiums or premium deposits returned or credited to policyholders. Notwithstanding
the foregoing, no tax shall be due or payable as to considerations received for annuity contracts.
(b) Each captive insurance company shall pay to the commissioner by March 1 of...
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27-14-8
Section 27-14-8 Forms - Filing and approval or disapproval. (a) No basic insurance policy
or annuity contract form or application form where written application is required and is
to be made a part of the policy, or contract, or printed rider, or endorsement form or form
of renewal certificate shall be delivered or issued for delivery in this state unless the
form has been filed with, and approved by, the commissioner. This subsection shall not apply
to surety bonds or to specially rated inland marine risks, nor to policies, riders, endorsements,
or forms of unique character designed for, and used with, relation to insurance upon a particular
subject or which relate to the manner of distribution of benefits or to the reservation of
rights and benefits under life or disability insurance policies and are used at the request
or with the consent of the individual policyholder, contract holder, or certificate holder.
As to group insurance policies effectuated and delivered outside this...
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27-4-8
Section 27-4-8 Annual license fee of life insurers organized to aid nonprofit educational
and scientific institutions. Annuity considerations and premiums received by a life insurer
licensed to transact business in this state and which is organized and operated without profit
to any private shareholder or individual and exclusively for the purpose of aiding nonprofit
education and scientific institutions by issuing insurance or annuity contracts only for the
benefit of such institutions and individuals employed in the services thereof at the time
such policy or contract is issued shall not be subject to the payment of a privilege tax based
upon premiums or annuity considerations under the provisions of this chapter or any other
law of this state. In lieu of such privilege tax upon premiums and annuity considerations,
such nonprofit company shall pay an annual license fee of $5,000.00 to the commissioner for
the privilege of transacting an insurance business in this state. The initial...
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27-43-12
Section 27-43-12 Filing, approval, etc., of contracts between insurers and attorneys,
etc. (a) Contracts made between the insurer and participating attorneys, management contracts
and contracts with other providers of services by the legal expense insurance policy must
be filed with and approved by the commissioner. (b) Insurers must annually report to the commissioner,
in such detail as is reasonably required, the number and geographical distribution of attorneys
and other providers of services covered by the legal expense insurance policy with whom it
maintains contractual relations and the nature of the relations. For individual insurers or
groups of insurers, the commissioner may require more frequent reports. (Acts 1981, No. 81-719,
p. 1214, §1.)...
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22-21-373
Section 22-21-373 Filing and approval of contracts with dentists and other providers
of services and amendments thereto; reports to commissioner. (a) All contracts made between
the corporation and participating dentists and all contracts with other providers of services
by the dental service plan corporation must be filed with and approved by the commissioner,
and any amendment or change thereto. (b) Dental service corporations must annually report
to the commissioner in such detail as is reasonably required, the number and geographical
distribution of dentists and other providers of services with whom it maintains contractual
relations, and the nature of the relations. For an individual corporation or groups of corporations
the commissioner may require more frequent reports. (Acts 1982, No. 82-463, p. 741, §14.)...

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