Collections
Code of Alabama

Article 3

Standard Nonforfeiture Law for Life Insurance

27-15-70Short Title.27-15-71Definitions.27-15-72Nonforfeiture Benefits.27-15-73Computation of Cash Surrender Value.27-15-74Computation of Paid-Up Nonforfeiture Benefits.27-15-75Calculation of Adjusted Premiums.27-15-76Calculation of Adjusted Premiums - Ordinary Policies.27-15-77Calculation of Adjusted Premiums - Industrial Policies.27-15-78Calculations of Adjusted Premiums by the Nonforfeiture Net Level Premium Method.27-15-79Nonforfeiture Benefits for Indeterminate Premium Plans.27-15-80Proration of Values; Net Value of Paid-Up Additions.27-15-81Consistency of Progression of Cash Surrender Values with Increasing Policy Duration.27-15-82Exceptions.27-15-83Applicability of Article.