Ala. Code § 27-38-5

Current with legislation from 2024 effective through May 17, 2024.

Section 27-38-5 - Reserve liability for variable contracts

The reserve liability for variable contracts shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits provided and any mortality guarantees.

Ala. Code § 27-38-5 (1975)

Acts 1971, No. 407, p. 707, §758; Acts 1985, 2nd Ex. Sess., No. 85-993, p. 357, §2.