Alabama Statutes
§ 27-36-5 — Active Life Reserve for Disability Insurance
Alabama § 27-36-5
This text of Alabama § 27-36-5 (Active Life Reserve for Disability Insurance) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 27-36-5 (2026).
Text
For all disability insurance policies, the insurer shall maintain an active life reserve which shall place a sound value on its liabilities under such policies and be not less than the reserve according to appropriate standards set forth in regulations issued by the commissioner and, in no event, less in the aggregate than the pro rata gross unearned premiums for such policies.
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Legislative History
(Acts 1971, No. 407, p. 707, §741.)
Nearby Sections
15
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Bluebook (online)
Alabama § 27-36-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-36-5.