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27-14-24
Section 27-14-24 Effect of payments. Whenever the proceeds of, or payments under, a life or
disability insurance policy or annuity contract, heretofore or hereafter issued, become payable
in accordance with the terms of such policy or contract, or the exercise of any right or privilege
thereunder, and the insurer makes payment thereof in accordance with the terms of the policy
or contract or in accordance with any written assignment thereof, the person then designated
in the policy or contract, or by such assignment, as being entitled thereto shall be entitled
to receive such proceeds or payments and to give full acquittance therefor; and such payments
shall fully discharge the insurer from all claims under the policy or contract, unless, before
payment is made, the insurer has received at its home office written notice by, or on behalf
of, some other person that such other person claims to be entitled to such payment or some
interest in the policy or contract. (Acts 1971, No. 407, p....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-14-24.htm - 1K - Match Info - Similar pages
27-17A-32
Section 27-17A-32 Rights of seller; powers and duties of trustee. (a) If amounts paid by the
purchaser under a preneed contract for funeral merchandise have previously been deposited
in trust, the seller may withdraw the principal amount and trust appreciation attributable
to the delivered item at such time as the funeral merchandise is delivered or installed or,
if comprised of materials designed to withstand prolonged, protected storage without deterioration,
the merchandise is placed in storage with a responsible third party bonded and insured for
the wholesale value thereof and evidenced by a receipt specifically identifying the item,
the specific preneed contract, the location of the item, and the identity and address of the
bonding and insuring parties. For purposes of this subsection only, caskets and alternative
containers may not be held in storage by the seller or a third party storage facility prior
to the death of the funeral beneficiary. (b) The trustee shall make regular...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-17A-32.htm - 5K - Match Info - Similar pages
34-27-59
Section 34-27-59 Acts constituting violation of article - Failure to disclose total financial
obligation, etc., in contract. It shall be a violation of this section for any seller of vacation
time-sharing plans to fail to fully disclose in the contract in boldface type of a size no
smaller than any other type used in the body of the contract to purchaser: (1) The total financial
obligation of the purchaser, which shall include the initial purchase price and any additional
charges to which the purchaser may be subject. (2) Any individual or business entity which
has or may have the right to alter, amend, or add to charges to which the purchaser may be
subject and the terms and conditions under which such charges may be imposed. (3) The nature
and duration of each agreement between the business offering the vacation time-sharing plans
for sale and the individual or business entity managing the accommodations or other facilities.
(4) In immediate proximity to the space reserved in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27-59.htm - 1K - Match Info - Similar pages
7-2A-522
Section 7-2A-522 Lessee's right to goods on lessor's insolvency. (1) Subject to subsection
(2) and even though the goods have not been shipped, a lessee who has paid a part or all of
the rent and security for goods identified to a lease contract (Section 7-2A-217) on making
and keeping good a tender of any unpaid portion of the rent and security due under the lease
contract may recover the goods identified from the lessor if the lessor becomes insolvent
within 10 days after receipt of the first installment of rent and security. (2) A lessee acquires
the right to recover goods identified to a lease contract only if they conform to the lease
contract. (Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, ยง522.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-2A-522.htm - 1K - Match Info - Similar pages
15-22-26
Section 15-22-26 Standards for release of prisoners on parole. (a) No prisoner shall be released
on parole merely as a reward for good conduct or efficient performance of duties assigned
in prison, but only if the Board of Pardons and Paroles is of the opinion that the prisoner
meets criteria and guidelines established by the board to determine a prisoner's fitness for
parole and to ensure public safety. The guidelines shall serve as an aid in the parole process
and shall promote the use of prison space for the most violent and greatest risk offenders,
while recognizing that the board's paramount duty is to protect public safety. The guidelines
shall be structured, actuarially based, reviewed every three years by the board, after a specified
open comment period determined by the board, and posted on the website of the board and include,
but not be limited to, the following: (1) The prisoner's risk to reoffend, based upon a validated
risk and needs assessment as defined in Section...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/15-22-26.htm - 3K - Match Info - Similar pages
16-25-23
Section 16-25-23 Exemptions from execution; recovery actions. (a) Except as provided in subsection
(b), the right of a person to a pension; an annuity, or a retirement allowance; to the return
of contributions; the pension, annuity or retirement allowance itself; any optional benefit
or any other right accrued or accruing to any person under the provisions of this chapter;
and the monies in the various funds created by this chapter are hereby exempt from any state
or municipal tax and exempt from levy and sale, garnishment, attachment or any other process
whatsoever, and shall be unassignable except as in this chapter specifically otherwise provided.
(b)(1) Restitution, fines, court costs, fees, or any other financial obligations in a criminal
case ordered by a circuit or district court judge in this state are not subject to the exemption
set out in subsection (a), provided all of the following are satisfied: a. The amount of the
restitution ordered is in the amount of one thousand...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-23.htm - 3K - Match Info - Similar pages
36-27-28
Section 36-27-28 Exemption from execution; recovery actions. (a) Except as provided in subsection
(b), the right of a person to a pension, an annuity, a retirement allowance or to the return
of contributions, the pension, annuity or retirement allowance itself and any optional benefit
or any other right accrued or accruing to any person under the provisions of this article
and the monies in the various funds created by this chapter are hereby exempt from any state
or municipal tax and exempt from levy and sale, garnishment, attachment or any other process
whatsoever and shall be unassignable except as in this article specifically otherwise provided.
(b)(1) Restitution, fines, court costs, fees, or any other financial obligations in a criminal
case ordered by a circuit or district court judge in this state are not subject to the exemption
set out in subsection (a), provided all of the following are satisfied: a. The amount of the
restitution ordered is in the amount of one thousand...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-28.htm - 3K - Match Info - Similar pages
41-16-3
Section 41-16-3 Timely execution of state contracts required. (a) Whenever the State of Alabama
is a party to any contract, the contract shall be executed by all parties in a timely fashion.
When a party to a contract, other than the state, has fully executed the responsibility under
the contract and there remains only the payment of funds by the state, payment shall be made
in a timely manner. If the amount due by the state is not in dispute, payment shall be made
within 30 days after the other party has completed his or her portion of the contract and
presented a proper invoice. If the amount payable is not paid within 30 days, interest on
the amount shall be charged. A party who receives a payment from the state in connection with
a contract shall pay each of its subcontractors or sub-subcontractors the portion of the state's
payment to the extent of that subcontractor's or sub-subcontractor's interest in the state's
payment in accordance with the payment terms agreed to by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16-3.htm - 3K - Match Info - Similar pages
22-6-220
Section 22-6-220 Definitions. For the purposes of this article, the following words shall have
the following meanings: (1) CAPITATION PAYMENT. A payment the state Medicaid Agency makes
periodically to the integrated care network on behalf of each recipient enrolled under a contract
for the provision of medical services pursuant to this article. (2) COLLABORATOR. A private
health carrier, third party purchaser, provider, health care center, health care facility,
state and local governmental entity, or other public payers, corporations, individuals, and
consumers who are expecting to collectively cooperate, negotiate, or contract with another
collaborator, or integrated care network in the health care system. (3) INTEGRATED CARE NETWORK.
One or more statewide organizations of health care providers, with offices in each regional
care organization region, that contracts with the Medicaid Agency to provide Medicaid benefits
to certain Medicaid beneficiaries as defined in subdivision (4) and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-6-220.htm - 3K - Match Info - Similar pages
27-15-28.1
Section 27-15-28.1 Standard nonforfeiture law for individual deferred annuities - Annuity contracts
issued by election under this section until June 30, 2006. (a) This section shall be known
as the standard nonforfeiture law for individual deferred annuities. (b) This section shall
not apply to any reinsurance group annuity purchased under a retirement plan or plan of deferred
compensation established or maintained by an employer (including a partnership or sole proprietorship)
or by an employee organization, or by both, other than a plan providing individual retirement
accounts or individual retirement annuities under Section 408 of the Internal Revenue Code,
as now or hereafter amended, premium deposit fund, variable annuity, investment annuity, immediate
annuity, any deferred annuity contract after annuity payments have commenced or reversionary
annuity, nor to any contract which shall be delivered outside this state through an agent
or other representative of the company issuing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-28.1.htm - 12K - Match Info - Similar pages
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