Code of Alabama
Chapter 38 - Separate Accounts and Variable Annuities.
Section 27-38-5 - Reserve Liability for Variable Contracts.

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.

<< Previous
Next >>

Structure Code of Alabama

Code of Alabama

Title 27 - Insurance.

Chapter 38 - Separate Accounts and Variable Annuities.

Section 27-38-1 - Establishment of Separate Accounts by Life Insurers to Provide for Life Insurance or Annuities and Benefits Incidental Thereto.

Section 27-38-2 - Variable Contracts - Statement of Procedures for Determining Benefits; Death Benefit Provision.

Section 27-38-3 - Variable Contracts - Licensing of Insurer.

Section 27-38-4 - Variable Contracts - Rules and Regulations.

Section 27-38-5 - Reserve Liability for Variable Contracts.

Section 27-38-6 - Applicability of Title.