SB169
after the due date of the premium in default, an actuarially equivalent alternative paid-up nonforfeiture benefit which provides a greater amount or longer period of death benefits or, if applicable, a greater amount or earlier payment of endowment benefits. (2) That, upon surrender of the policy within 60 days after the due date of any premium payment in default after premiums have been paid for at least three full years in the case of ordinary insurance or five full years in the case of industrial insurance, the insurer will pay, in lieu of any paid-up nonforfeiture benefit, a cash surrender value of such amount as may be specified in this article. (3) That a specified paid-up nonforfeiture benefit shall become effective as specified in the policy unless the person entitled to make such election elects another available option not later than 60 days after the due date of the premium in default. (4) That, if the policy shall have become paid up by completion of all premium payments,...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB169.htm - 109K - Match Info - Similar pages
SB317
SB317 By Senators Allen and Waggoner ENROLLED, An Act, Relating to athlete agents, to enact the Revised Uniform Athlete Agents Act, to provide for the registration of athlete agents and the regulation of the relationship between athlete agents and student athletes; to provide definitions, licensing requirements, reciprocal licensing, agency contract requirements, notification requirements, criminal and civil penalties, and civil remedies; and, in this connection, to add Chapter 26B (commencing with Section 8-26B-1), and repeal Chapter 26A (commencing with Section 8-26A-1) of, Title 8 of the Code of Alabama 1975; and in connection therewith would have as its purpose or effect the requirement of a new or increased expenditure of local funds within the meaning of Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of 1901, as amended. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1....
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB317.htm - 40K - Match Info - Similar pages
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