Code of Alabama
Title 27 - Insurance.
Chapter 36A - Standard Valuation Law.

Section 27-36A-1 - Short Title. - This chapter shall be known as the Standard Valuation Law.

Section 27-36A-2 - Definitions. - For purposes of this chapter, the following definitions shall apply...

Section 27-36A-3 - Reserve Valuation. - (a) Policies and contracts issued prior to the operative date...

Section 27-36A-4 - Actuarial Opinion of Reserves. - (a) Actuarial opinion prior to the operative date of the...

Section 27-36A-5 - Computation of Minimum Standard. - (a) Except as provided in Sections 27-36A-6, 27-36A-7 and 27-36A-14,...

Section 27-36A-6 - Computation of Minimum Standard for Annuities. - (a) Except as provided in Section 27-36A-7, the minimum standard...

Section 27-36A-7 - Computation of Minimum Standard by Calendar Year of Issue. - (a) The interest rates used in determining the minimum standard...

Section 27-36A-8 - Reserve Valuation Method - Life Insurance and Endowment Benefits. - (a) Except as otherwise provided in Sections 27-36A-9, 27-36A-12, and...

Section 27-36A-9 - Reserve Valuation Method - Annuity and Pure Endowment Benefits. - (a) This section shall apply to all annuity and pure...

Section 27-36A-10 - Minimum Reserves. - (a) In no event shall a company's aggregate reserves for...

Section 27-36A-11 - Optional Reserve Calculation. - (a) Reserves for policies and contracts issued prior to January...

Section 27-36A-12 - Reserve Calculation - Valuation Net Premium Exceeding the Gross Premium Charged. - (a) If in any contract year the gross premium charged...

Section 27-36A-13 - Reserve Calculation - Indeterminate Premium Plans. - In the case of any plan of life insurance which...

Section 27-36A-14 - Minimum Standard for Accident and Health Insurance Contracts. - (a) For accident and health insurance contracts issued on or...

Section 27-36A-15 - Valuation Manual for Policies Issued on or After the Operative Date of the Valuation Manual. - (a) For policies issued on or after the operative date...

Section 27-36A-16 - Requirements of a Principle-Based Valuation. - (a) A company must establish reserves using a principle-based valuation...

Section 27-36A-17 - Experience Reporting for Policies in Force on or After the Operative Date of the Valuation Manual. - A company shall submit mortality, morbidity, policyholder behavior, or expense...

Section 27-36A-18 - Confidentiality. - (a) For purposes of this section, "confidential information" shall mean...

Section 27-36A-19 - Single State Exemption. - (a) The commissioner may exempt specific product forms or product...

Section 27-36A-20 - Small Company Alternative Valuation. - THIS SECTION WAS AMENDED BY ACT 2022-151 IN THE 2022...