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27-15-24
Section 27-15-24 Exclusions and restrictions in life insurance policies. (a) No policy
of life insurance shall be delivered or issued for delivery in this state if it contains any
of the following provisions: (1) A provision for a period shorter than that provided by statute
within which an action may be commenced on such a policy; and (2) A provision which excludes
or restricts liability for death caused in a certain specified manner or occurring while the
insured has a specified status; except, that a policy may contain provisions excluding or
restricting coverage as specified therein in the event of death under any one or more of the
following circumstances: a. Death as a result, directly or indirectly, of war, declared or
undeclared, or of action by military forces, or of any act or hazard of such war or action,
or of service in the military, naval, or air forces or in civilian forces auxiliary thereto,
or from any cause while a member of such military, naval, or air forces of any...
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27-34-30
Section 27-34-30 Life benefit certificate - Filing with commissioner; standard provisions.
(a) After January 1, 1973, no life benefit certificate shall be delivered, or issued for delivery,
in this state unless a copy of the form has been filed with the commissioner. (b) The certificate
shall contain in substance the following standard provisions or, in lieu thereof, provisions
which are more favorable to the member: (1) Title on the face and filing page of the certificate
clearly and correctly describing its form; (2) A provision stating the amount of rates, premiums,
or other required contributions, by whatever name known, which are payable by the insured
under the certificate; (3) A provision that the member is entitled to a grace period of not
less than a full month, or 30 days at the option of the society, in which the payment of any
premium after the first may be made. During such grace period the certificate shall continue
in full force, but in case the certificate becomes a...
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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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36-25-3
Section 36-25-3 State Ethics Commission - Creation, composition; annual reports; compensation;
political activities; director; personnel. (a) There is hereby created a State Ethics Commission
composed of five members, each of whom shall be a fair, equitable citizen of this state and
of high moral character and ability. The following persons shall not be eligible to be appointed
as members: (1) a public official; (2) a candidate; (3) a registered lobbyist and his or her
principal; or (4) a former employee of the commission. No member of the commission shall be
eligible for reappointment to succeed himself or herself. The members of the commission shall
be appointed by the following officers: The Governor, the Lieutenant Governor, or in the absence
of a Lieutenant Governor, the Presiding Officer of the Senate, and the Speaker of the House
of Representatives. Appointments shall be subject to Senate confirmation and persons appointed
shall assume their duties upon confirmation by the...
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45-37-123.108
Section 45-37-123.108 Direct rollovers. Except as otherwise specifically provided in
this section, this section shall be effective as of January 1, 1993. (1) ROLLOVERS
GENERALLY. a. Notwithstanding any provision of the plan to the contrary that would otherwise
limit a distributee's election under this section, a distributee, at the time and in
the manner prescribed by the pension board, may elect to have any portion of an eligible rollover
distribution that is equal to at least two hundred dollars ($200) paid directly to an eligible
retirement plan specified by the distributee in a direct rollover. b. For purposes of this
subdivision, the following definitions shall apply: 1.(i) An eligible rollover distribution
is any distribution of all or any portion of the balance to the credit of the distributee,
except that an eligible rollover distribution does not include: Any distribution that is one
of a series of substantially equal periodic payments, not less frequently than annually, made...
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10A-4-3.02
Section 10A-4-3.02 Death or disqualification of shareholder. (a) Upon the death of a
shareholder of a domestic professional corporation, or if a shareholder of a domestic professional
corporation becomes a disqualified person, or if shares of a domestic professional corporation
are transferred by operation of law or court decree to a disqualified person, the shares of
the deceased shareholder or of the disqualified person may be transferred to a qualified person
and, if not so transferred, shall be purchased or redeemed by the domestic professional corporation
to the extent of funds which may be legally made available for the purchase. (b) If the price
for the shares is not fixed by the governing documents of the domestic professional corporation
or by private agreement, the domestic professional corporation, within six months after the
death or 30 days after the disqualification or transfer, as the case may be, shall make a
written offer to pay for the shares at a specified price...
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27-44-5
Section 27-44-5 Definitions. As used in this chapter, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
ACCOUNT. Either of the three accounts created under Section 27-44-6. (2) ASSOCIATION.
The Alabama Life and Disability Insurance Guaranty Association created under Section
27-44-6. (3) AUTHORIZED ASSESSMENT or the term AUTHORIZED when used in the context of assessments.
A resolution by the board of directors has been passed whereby an assessment will be called
immediately or in the future from member insurers for a specified amount. An assessment is
authorized when the resolution is passed. (4) BENEFIT PLAN. A specific employee, union, or
association of natural persons benefit plan. (5) CALLED ASSESSMENT or the term CALLED when
used in the context of assessments. A notice that has been issued by the association to member
insurers requiring that an authorized assessment be paid within the time frame set forth within...
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40-3-7
Section 40-3-7 Term of service and schedule of compensation of members. The annual term
of service and compensation of members of the several county boards of equalization shall
be on a basis of total assessed value of all taxable property, using the year 1955 as the
basis, to be determined as follows: (1) In those counties in which the total assessed value
of all taxable property exceeds $600,000,000 according to the tax assessor's abstract of assessments
for the year, except in a county subject to subdivision (2), the members of the county boards
of equalization shall serve on a full-time basis, and each associate member shall be paid
at the rate of $19,425 per annum, and the chair shall be paid at the rate of $21,090 per annum,
payable in monthly installments. (2)a. This subdivision shall apply to any county of this
state which has a population of 600,000 or more according to the last or any subsequent federal
census and in which the total assessed value of all taxable property...
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10A-5A-8.02
Section 10A-5A-8.02 Death or disqualification of member. (a) In the case of a limited
liability company performing professional services, upon the death of a member, upon a member
becoming a disqualified person, or upon a transferable interest being transferred by operation
of law or court decree to a disqualified person, the transferable interest of the deceased
member or of the disqualified person may be transferred to a qualified person and, if not
so transferred, subject to Section 10A-5A-4.06, shall be purchased by the limited liability
company as provided in this section. (b) If the price of the transferable interest
is not fixed by the limited liability company agreement, the limited liability company, within
six months after the death or 30 days after the disqualification or transfer, as the case
may be, shall make a written offer to pay to the holder of the transferable interest a specified
price deemed by the limited liability company to be the fair value of the transferable...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-5A-8.02.htm - 7K - Match Info - Similar pages
25-5-77
Section 25-5-77 Expenses of medical and surgical treatment, vocational rehabilitation,
medicine, etc.; medical examinations; review by ombudsman of medical services. (a) In addition
to the compensation provided in this article and Article 4 of this chapter, the employer,
where applicable, shall pay the actual cost of the repair, refitting, or replacement of artificial
members damaged as the result of an accident arising out of and in the course of employment,
and the employer, except as otherwise provided in this amendatory act, shall pay an amount
not to exceed the prevailing rate or maximum schedule of fees as established herein of reasonably
necessary medical and surgical treatment and attention, physical rehabilitation, medicine,
medical and surgical supplies, crutches, artificial members, and other apparatus as the result
of an accident arising out of and in the course of the employment, as may be obtained by the
injured employee or, in case of death, obtained during the period...
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