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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19-3-125
Section 19-3-125 Life, endowment, or annuity contracts. In addition to any other investment
now permitted by law, a guardian or trustee may invest the funds of his ward or of the beneficiary
of the trust in life, endowment or annuity contracts of legal reserve life insurance companies
duly qualified and authorized to write such business in the State of Alabama; provided, however,
that the annual premium or premiums on such contracts purchased by such guardian or trustee
shall not exceed 25 percent of the income of the ward or the beneficiary for any calendar
year preceding the date of such purchase. The contract must contain the following options
after it has been in force for three years or less: a cash surrender value option, a paid-up
insurance or endowment option, and an extended insurance or endowment option. Such contract
may be issued on the life or lives of the ward or wards, or beneficiary or beneficiaries of
the trust or upon the life or lives of persons in whose life or...
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36-21-182
Section 36-21-182 Board of Commissioners of the Alabama Firefighters Annuity and Benefit Fund
- Compensation. All board members shall be paid thirty dollars ($30) per day and mileage and
per diem for attendance of board meetings. When a board member is traveling on fund business,
he or she shall receive the same mileage and per diem as allowed for state employees while
attending state business. (Act 2010-726, p. 1818, §3.)...
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25-4-54
Section 25-4-54 Contribution rates for employers subject to benefit charges; determination
of individual benefit charges. (a) Determination of contribution rates. (1) For the 12-month
period beginning on January 1 of each year which begins after December 31, 1996, any employer
whose experience rating account has been subject to benefit charges throughout at least the
fiscal year, as defined in Section 25-4-4, immediately preceding such January 1, shall have
his or her rate determined by the Unemployment Compensation Fund's liability for benefits
paid to his or her employees, modified by the fund's balance as of the most recent June 30.
The employment record of an organization which has been making payments in lieu of contributions
but which elects to change to payment of contributions shall be deemed to have been chargeable
with benefits throughout the period (not to exceed three fiscal years) with respect to which
it was making payments in lieu of contributions and its benefit charges...
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27-12-13
Section 27-12-13 Life, annuity, and disability insurance - Exceptions to discrimination, rebates,
or special inducements. Nothing in Sections 27-12-11 and 27-12-12 shall be construed as including
within the definition of discrimination, rebates, or special inducements any of the following
practices: (1) In the case of any contract of life insurance or annuity, paying bonuses to
policyholders or otherwise abating their premiums in whole or in part out of surplus accumulated
from nonparticipating insurance, provided, that any such bonuses or abatement of premiums
is fair and equitable to policyholders and for the best interests of the insurer and its policyholders;
(2) In the case of life or disability insurance policies issued on the industrial debit or
weekly premium plan, making allowance to policyholders who have continuously for a specified
period made premium payments directly to an office of the insurer in an amount which fairly
represents the saving in collection expense; (3)...
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36-21-62
Section 36-21-62 Board of Commissioners of Alabama Peace Officers' Annuity and Benefit Fund
- Compensation of members. All board members shall be paid $30.00 per day and mileage for
attendance of board meetings. Mileage and per diem shall be the same as allowed state employees
when the board member is traveling on fund business. (Acts 1969, No. 999, p. 1855, §3; Acts
1971, No. 1210, p. 2104, §3; Acts 1975, 2nd Ex. Sess., No. 62, §1.)...
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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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45-49A-63.63
Section 45-49A-63.63 Death. (a) If a member eligible for a retirement benefit under Section
45-49A-63.60 or a member eligible for a benefit under subsection (a) of Section 45-49A-63.62
dies prior to his or her annuity starting date, his or her eligible family members shall receive
a benefit equal to the greater of (i) the benefit they would have received had the member
met the requirements of Section 45-49A-63.60 or subsection (a) of Section 45-49A-63.62 of
the plan, as the case may be, retired, or terminated employment on the day preceding his or
her death and begun to receive his or her benefit in accordance with the 50 percent survivor's
benefit in Option 2 of Section 45-49A-63.81 or (ii) a single sum equal to the lesser of (A)
twice the member's contributions to the plan under Section 45-49A-63.102 or (B) the sum of
the member's contributions to the plan under Section 45-49A-63.102 plus five thousand dollars
($5,000). The benefit in clause (i) shall be converted to a single sum of...
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45-49A-63.80
Section 45-49A-63.80 Benefit payments. (a) Benefits payable to a member under Section 45-49A-63.60,
Section 45-49A-63.61, or subsection (a) of Section 45-49A-63.62 shall be payable in monthly
installments beginning on the first day after the latest of (1) the day the member retires
or terminates his or her employment, (2) the board approves the member's benefit, or (3) the
member has elected an optional form of benefit in accordance with Section 45-49-63.82; however,
if a member's benefit had not commenced by the later of the first day following his or her
termination of employment as a uniformed officer or the April 1 following the calendar year
in which he or she attains age 70 1/2, he or she shall begin to receive his or her benefit
on such date in accordance with Option 1 in Section 45-49A-63.81 if he or she is not married
on such date or in accordance with the 50 percent survivor benefit in Option 2 of Section
45-49A-63.81 with his or her spouse as his or her beneficiary if he or...
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8-6-54
Section 8-6-54 Compensation of members. (a) Each appointed member of the Securities Commission
shall be paid $50 per day, for a period not to exceed a total of 60 days in any
one calendar year, while engaged in the performance of his duties, and shall receive mileage
and per diem as provided by Article 2 of Chapter 7 of Title 36. (b) Ex officio members shall
not be entitled to any extra compensation for performing their duties under this chapter.
(Acts 1969, No. 740, p. 1315, §5.)...
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