For purposes of determining the applicability of this article, the age at expiry for a joint term life insurance policy shall be the age at expiry of the oldest life.
Structure Code of Alabama
Chapter 15 - Life Insurance and Annuity Contracts.
Article 3 - Standard Nonforfeiture Law for Life Insurance.
Section 27-15-70 - Short Title.
Section 27-15-71 - Definitions.
Section 27-15-72 - Nonforfeiture Benefits.
Section 27-15-73 - Computation of Cash Surrender Value.
Section 27-15-74 - Computation of Paid-Up Nonforfeiture Benefits.
Section 27-15-75 - Calculation of Adjusted Premiums.
Section 27-15-76 - Calculation of Adjusted Premiums - Ordinary Policies.
Section 27-15-77 - Calculation of Adjusted Premiums - Industrial Policies.
Section 27-15-78 - Calculations of Adjusted Premiums by the Nonforfeiture Net Level Premium Method.
Section 27-15-79 - Nonforfeiture Benefits for Indeterminate Premium Plans.
Section 27-15-80 - Proration of Values; Net Value of Paid-Up Additions.