There shall be provisions for nonforfeiture benefits and cash surrender values as required by Section 27-15-28; except, that, with respect to benefits provided in the form of funeral or monument merchandise and services, the required minimum cash surrender values shall be two thirds of the cash surrender values which would be required for a cash life insurance policy having a face amount equal to the cash benefit provided in accordance with Section 27-17-9.
Structure Code of Alabama
Chapter 17 - Burial Insurance Policies.
Section 27-17-1 - Applicability of Chapter; "Burial Insurance" Defined.
Section 27-17-2 - Policy Provisions - Generally.
Section 27-17-3 - Policy Provisions - Grace Period.
Section 27-17-4 - Policy Provisions - Entire Contract; Representations.
Section 27-17-5 - Policy Provisions - Incontestability.
Section 27-17-6 - Policy Provisions - Reinstatement.
Section 27-17-7 - Policy Provisions - Authorized Funeral Director or Monument Dealer.
Section 27-17-8 - Policy Provisions - Furnishing of Merchandise and Services - Generally.
Section 27-17-10 - Policy Provisions - Beneficiary.
Section 27-17-11 - Policy Provisions - Payment of Cash Benefits.
Section 27-17-12 - Policy Provisions - Waiver, etc., of Policy Terms or Conditions.
Section 27-17-13 - Policy Provisions - Nonforfeiture Benefits and Cash Surrender Values.
Section 27-17-14 - Policy Provisions - Title.
Section 27-17-15 - Applicability of Other Provisions to Chapter.