Alabama § 27-38-5 Reserve Liability for Variable Contracts

Alabama Statutes

§ 27-38-5 — Reserve Liability for Variable Contracts

Alabama·Title 27 Insurance·Ch. 38 Separate Accounts and Variable Annuities

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.

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Legislative History

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

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