Alabama Statutes
§ 27-37-8 — Valuation - Funeral Supplies and Equipment
Alabama § 27-37-8
This text of Alabama § 27-37-8 (Valuation - Funeral Supplies and Equipment) 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 § 27-37-8 (2026).
Text
Funeral supply inventories owned by the insurer shall be valued at an amount not exceeding cost to the insurer or market value, whichever is lower. Funeral equipment owned by the insurer shall be valued at an amount not in excess of cost to the insurer reduced by depreciation at the rate of not less than 18 percent per annum from date of acquisition of such equipment.
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Legislative History
(Acts 1971, No. 407, p. 707, §752.)
Nearby Sections
15
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Bluebook (online)
Alabama § 27-37-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-37-8.