reglab/housing_qa huggingface dataset:
AL Code § 27-15-79 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 3 - Standard Nonforfeiture Law for Life Insurance.|Section 27-15-79 - Nonforfeiture Benefits for Indeterminate Premium Plans.

Section 27-15-79Nonforfeiture benefits for indeterminate premium plans.  In the case of any plan of life insurance which provides for future premium determination, the amounts of which are to be determined by the insurer based on the estimates of future experience, or, in the case of any plan of life insurance which is of such a nature that minimum values cannot be determined by the methods described in Section 27-15-72, 27-15-73, 27-15-74, 27-15-75, 27-15-76, 27-15-77, or 27-15-78, then: (1) The commissioner must be satisfied that the benefits provided under the plan are substantially as favorable to policyholders and insureds as the minimum benefits otherwise required by Section 27-15-72, 27-15-73, 27-15-74, 27-15-75, 27-15-76, 27-15-77, or 27-15-78. (2) The commissioner must be satisfied that the benefits and the pattern of premiums of that plan are not such as to mislead prospective policyholders or insureds. (3) The cash surrender values and paid-up nonforfeiture benefits provided by such plan must not be less than the minimum values and benefits required for the plan computed by a method consistent with the principles of this standard nonforfeiture law for life insurance, as determined by regulations promulgated by the commissioner. (Act 2016-411, §1.)
AL Code § 27-15-80 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 3 - Standard Nonforfeiture Law for Life Insurance.|Section 27-15-80 - Proration of Values; Net Value of Paid-Up Additions.

Section 27-15-80Proration of values; net value of paid-up additions.  Any cash surrender value and any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due at any time other than on the policy anniversary shall be calculated with allowance for the lapse of time and the payment of fractional premiums beyond the last preceding policy anniversary. All values referred to in Sections 27-15-73, 27-15-74, 27-15-75, 27-15-76, 27-15-77, and 27-15-78 may be calculated on the assumption that any death benefit is payable at the end of the policy year of death. The net value of any paid-up additions, other than paid-up term additions, shall not be less than the amounts used to provide such additions. Notwithstanding the provisions of Section 27-15-73, additional benefits payable as follows shall be disregarded in ascertaining cash surrender values and nonforfeiture benefits required by this article, and no such additional benefits shall be required to be included in any paid-up nonforfeiture benefits: (1) In the event of death or dismemberment by accident or accidental means. (2) In the event of total and permanent disability. (3) As reversionary annuity or deferred reversionary annuity benefits. (4) As term insurance benefits provided by a rider or supplemental policy provision to which, if issued as a separate policy, this article would not apply. (5) As term insurance on the life of a child or on the lives of children provided in a policy on the life of a parent of the child, if such term insurance expires before the child's age is 26, is uniform in amount after the child's age is one and has not become paid-up by reason of the death of the parent of the child. (6) As other policy benefits additional to life insurance and endowment benefits, and premiums for all such additional benefits. (Act 2016-411, §1.)
AL Code § 27-15-82 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 3 - Standard Nonforfeiture Law for Life Insurance.|Section 27-15-82 - Exceptions.

Section 27-15-82Exceptions.  This article shall not apply to any of the following: (1) Reinsurance. (2) Group insurance. (3) Pure endowment. (4) Annuity or reversionary annuity contract. (5) Variable life insurance contract. (6) A term policy of uniform amount, which provides no guaranteed nonforfeiture or endowment benefits, or renewal thereof, of 20 years or less, expiring before age 71, for which uniform premiums are payable during the entire term of the policy. (7) A term policy of decreasing amount, which provides no guaranteed nonforfeiture or endowment benefits, on which each adjusted premium, calculated as specified in Sections 27-15-75, 27-15-76, 27-15-77, and 27-15-78, is less than the adjusted premium so calculated on a term policy of uniform amount, or renewal thereof, which provides no guaranteed nonforfeiture or endowment benefits, issued at the same age and for the same initial amount of insurance and for a term of 20 years or less, expiring before age 71, for which uniform premiums are payable during the entire term of the policy. (8) A policy, which provides no guaranteed nonforfeiture or endowment benefits, for which no cash surrender value, if any, or present value of any paid-up nonforfeiture benefit, at the beginning of any policy year, calculated as specified in Sections 27-15-73, 27-15-74, 27-15-75, 27-15-76, 27-15-77, and 27-15-78, exceeds two and one-half percent of the amount of insurance at the beginning of the same policy year. (9) Benefits provided in the form of funeral or monument merchandise and services under burial policies, except to the extent provided in Section 27-17-13. (Act 2016-411, §1.)
AL Code § 27-15-83 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 3 - Standard Nonforfeiture Law for Life Insurance.|Section 27-15-83 - Applicability of Article.

Section 27-15-83Applicability of article. 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. (Act 2016-411, §1.)
AL Code § 27-17A-1 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 1 - General Provisions.|Section 27-17A-1 - Short Title.

Section 27-17A-1Short title. This chapter shall be cited as the Alabama Preneed Funeral and Cemetery Act. (Act 2002-74, p. 221, §1.)
AL Code § 27-17A-3 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 1 - General Provisions.|Section 27-17A-3 - Funding of Preneed Contracts; Premium Payments; Commissions; Preneed Seller as Beneficiary or Assignee.

Section 27-17A-3Funding of preneed contracts; premium payments; commissions; preneed seller as beneficiary or assignee. (a) Nothing in this chapter shall be construed to prohibit the funding of preneed contracts with multiple insurance or annuity contracts. Life insurance and annuity contracts used to fund preneed contracts shall conform with the provisions of this title as they relate to life insurance and annuities and shall cover not less than the initial retail price of the preneed contract. (b) The initial premium payment for a life insurance policy or annuity contract shall be made payable to the issuing insurance company and the preneed seller shall remit the payment to the insurance company within 10 business days after the insurance application is signed by the parties. If a preneed contract provides for installment payments, each premium payment shall be made payable to the insurance company and, if collected by the preneed seller, shall be remitted to the insurance company within 10 business days after receipt by the preneed seller. (c) Nothing in this chapter shall prohibit a seller, or any other person, from receiving commissions earned and payable in regard to funding preneed contracts with life insurance or annuity contracts, provided the seller or other person holds a valid insurance producer license in this state and is appointed by the insurance company paying the commission. (d) A preneed seller may be identified as the beneficiary or assignee of the death benefit proceeds of a life insurance policy or annuity contract sold as a future funding mechanism for a preneed contract, but may not be the owner of the policy or annuity contract or exercise any ownership rights in the policy or annuity. If the preneed contract is cancelled before or after the death of the funeral beneficiary, the preneed seller shall cancel and relinquish any assignment of benefits or beneficiary status under the policy or annuity contract, and deliver the policy or contract, if in the custody of the preneed seller, to the policy owner or his or her legal representative. (Act 2002-74, p. 221, §1; Act 2014-216, p. 653, §1.)
AL Code § 27-17A-4 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 1 - General Provisions.|Section 27-17A-4 - Sale of Funeral Merchandise, Etc.

Section 27-17A-4Sale of funeral merchandise, etc. Nothing in this chapter shall be construed to prohibit cemetery authorities from selling funeral merchandise, funeral establishments from selling cemetery merchandise, or third-party sellers from selling either funeral merchandise or cemetery merchandise, or both. Provided, the required amount of the purchase price to be placed into trust shall be governed by the appropriate section of this chapter.  (Act 2002-74, p. 221, §1.)
AL Code § 27-17A-11.1 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 2 - Certificate of Authority.|Section 27-17A-11.1 - Report of Preneed Contract Activity; Written Logs.

Section 27-17A-11.1Report of preneed contract activity; written logs. (a) On a semi-annual basis, within 45 days after the end of each second calendar reporting period, the certificate holder shall file a report of its preneed contract activity on a form or in a format prescribed by the commissioner. The information reported shall include the total number of preneed contracts in force at the end of the previous reporting period, the total number of preneed contracts sold during the reporting period, the total number of preneed contracts fulfilled during the reporting period, the total number of preneed contracts in force at the end of the reporting period, and such other information as may be required by the commissioner. The report shall be organized by type of funding including, life insurance, trust, letter of credit, or surety bond. The report shall also provide a certification by the trustee of the amount of assets held by the trust at the beginning of the reporting period and at the end of the reporting period, together with the amount of deposits and withdrawals during the reporting period. If a certificate holder shall twice default in complying with the requirements of this subsection, the commissioner may require that the certificate holder thereafter submit the report within 45 days after the end of each calendar quarter and shall continue so reporting for a time to be determined by the commissioner. (b) The certificate holder shall maintain a written log of preneed sales. The log shall be on a form or in a format prescribed by the commissioner, shall detail all information required by the commissioner, and shall be available for inspection at any time by the commissioner. (c) Each cemetery authority shall maintain a written log of the sale of cemetery interment rights. The log shall be on a form or in a format prescribed by the commissioner and shall detail all information required by the commissioner. (Act 2014-216, p. 653, §2.)
AL Code § 27-17A-12 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 2 - Certificate of Authority.|Section 27-17A-12 - Preneed Contract Forms; Disclosure; Approval.

Section 27-17A-12Preneed contract forms; disclosure; approval. (a) Preneed contract forms and related forms shall be filed with and approved by the commissioner. (b) Specific disclosure regarding whether, consistent with the requirements of this chapter, the certificate holder is placing certain preneed funds received with the contract in trust, in an annuity, or in insurance, is required in the preneed contract. (c) Preneed contracts which have been submitted to the commissioner shall be deemed to have been approved by the commissioner in the event that the commissioner fails to notify the certificate holder that approval has been denied within 30 days following submission to the commissioner. (Act 2002-74, p. 221, §1; Act 2014-216, p. 653, §3.)
AL Code § 27-17A-13 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 2 - Certificate of Authority.|Section 27-17A-13 - Monies to Be Placed in Trust; Compliance by Pre-Existing Preneed Contracts.

Section 27-17A-13Monies to be placed in trust; compliance by pre-existing preneed contracts. (a) Except as provided in Sections 27-17A-3 and 27-17A-14, every preneed contract shall require the monies paid to the seller or trustee to be placed in trust in accordance with Article 3, for funeral merchandise and services sold by funeral establishments or third party sellers, or Article 4, for cemetery merchandise and services sold by cemetery authorities. (b) Although this chapter does not apply to preneed contracts entered into prior to May 1, 2002, a preneed provider which contends that a preneed trust fund which was in effect prior to May 1, 2002, complies with this chapter with respect to the contracts entered into prior to May 1, 2002, may provide to the commissioner documentary proof thereof. Upon the commissioner determining that compliance has been established, the pre-existing preneed trust fund assets may be merged with or into the trust fund required under this chapter or continued as the trust fund and that determination by the commissioner shall be noted on the certificate of authority, and thereafter all preneed contracts covered by the trust fund, including those entered into prior to May 1, 2002, shall be subject to this chapter. (Act 2002-74, p. 221, §1; Act 2014-216, p. 653, §3.)
AL Code § 27-17A-15 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 2 - Certificate of Authority.|Section 27-17A-15 - Examination by Commissioner.

Section 27-17A-15Examination by commissioner.  (a) The commissioner shall, as often as he or she may deem necessary, examine the business of any person writing preneed contracts under this chapter to the extent applicable. The examination shall be made by designated representatives or examiners of the Department of Insurance. (b) The written report of each examination, when completed, shall be filed in the office of the commissioner and, when so filed, shall not constitute a public record. (c) Any person being examined shall produce, upon request, all records of the person. The designated representative of the commissioner may at any time examine the records and affairs of the person, whether in connection with a formal examination or not. (d) The commissioner may waive the examination requirements of this section if the certificate holder submits audited financial statements. (e) The person examined shall pay the examination expenses, travel expense and per diem subsistence allowance provided for examiners and incurred by the commissioner's representatives or examiners in connection with an examination in accordance with Section 27-2-25.  (Act 2002-74, p. 221, §1.)
AL Code § 27-17A-16 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 2 - Certificate of Authority.|Section 27-17A-16 - Inactive Certificate Holder; Surrender of License.

Section 27-17A-16Inactive certificate holder; surrender of license. (a) A certificate holder shall be considered inactive upon the acceptance of the surrender of its license by the commissioner or upon the nonreceipt by the commissioner of the certificate of authority renewal application and fees.  (b) A certificate holder shall cease all preneed sales to the public upon becoming inactive. The certificate holder shall collect and deposit into trust all of the funds paid toward preneed contracts sold prior to becoming inactive. (c) Any certificate holder desiring to surrender its license to the commissioner shall first do all of the following: (1) File notice with the commissioner.  (2) Submit copies of its existing trust agreements.  (3) Submit a sample copy of each type of preneed contract sold.  (4) Resolve to the commissioner's satisfaction all findings and violations resulting from the last examination conducted. (5) Pay all outstanding fines and invoices due the commissioner. (6) Submit its current certificate of authority. (d) Upon receipt of the notice, the commissioner shall review the certificate holder's trust funds, trust agreements, and evidence of all outstanding preneed contracts. (e) After a review to the commissioner's satisfaction, the commissioner shall terminate the certificate of authority by an order which shall set forth the conditions of termination established by the commissioner to ensure that the preneed funds will be available for their intended purpose. (f) The trust fund of the certificate holder shall be held intact and in trust after the certificate holder has become inactive, and the funds in that trust shall be disbursed in accordance with the requirements of the written contracts until the funds have been exhausted. (g) The commissioner shall continue to have jurisdiction over the inactive certificate holder as if the certificate were active and to require the reports and inspect the records as the commissioner deems appropriate so long as there are funds in trust or preneed contracts that are not fulfilled. (h) In addition to any other terms of revocation or suspension ordered pursuant to Chapter 13 of Title 34, the provisions of this chapter may also apply.  (Act 2002-74, p. 221, §1.)
AL Code § 27-17A-17 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 2 - Certificate of Authority.|Section 27-17A-17 - Dissolution or Liquidation of Certificate Holder.

Section 27-17A-17Dissolution or liquidation of certificate holder. (a) Any dissolution or liquidation of a certificate holder shall be deemed to be the liquidation of an insurance company and shall be conducted under the supervision of the commissioner, who shall have all powers with respect thereto granted to the commissioner under Chapter 32 with respect to the liquidation of insurance companies. (b) The commissioner may apply for an order directing the commissioner to liquidate a certificate holder upon any one or more grounds set out in Section 27-32-6 or when, in the commissioner's opinion, the continued operation of the certificate holder would be hazardous either to purchasers, beneficiaries, or to the people of this state.  (Act 2002-74, p. 221, §1.)
AL Code § 27-17A-19 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 2 - Certificate of Authority.|Section 27-17A-19 - Prohibited Activities.

Section 27-17A-19Prohibited activities.  No person shall engage in this state in any trade practice which is addressed in the Alabama Deceptive Trade Practices Act (Section 8-19-1 et seq.), or as determined pursuant to this chapter to be, an unfair method of competition or an unfair or deceptive act or practice. (Act 2002-74, p. 221, §1.)
AL Code § 27-17A-20 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 2 - Certificate of Authority.|Section 27-17A-20 - Hearing; Procedures; Penalties.

Section 27-17A-20Hearing; procedures; penalties. (a) Whenever the commissioner has reason to believe that any person has engaged, or is engaging, in this state in any unfair method of competition or any unfair or deceptive act or practice as defined in this article, or is engaging in the sale of preneed contracts without being properly licensed as required by this article, or is otherwise acting in violation of this chapter, and that a proceeding by the commissioner in respect thereto would be in the interest of the public, the commissioner shall institute a proceeding in accordance with this section. (b) A statement of charges, notice, or order or other process under this chapter may be served by anyone duly authorized by the commissioner. Service may be made either in the manner provided by law for service of process in civil actions or by certifying and mailing a copy of the statement to the person affected by the statement, notice, or order or other process at his or her or its residence or principal office or place of business. The verified return by the person so serving the statement, notice, or order or other process, setting forth the manner of the service, shall be proof of the service; and the return postcard receipt for the statement, notice, or order or other process, certified and mailed as provided in this subsection, shall be proof of service of the statement, notice, or order or other process. (c) The commissioner shall conduct or cause to have conducted a hearing in accordance with Article 1 of Chapter 2, and shall, during the conduct of the hearing, have those powers necessary to enforce this chapter; however, the penalties for failure to comply with a subpoena or with an order directing discovery shall be limited to a fine not to exceed one thousand dollars ($1,000) per violation. (Act 2002-74, p. 221, §1.)
AL Code § 27-17A-21 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 2 - Certificate of Authority.|Section 27-17A-21 - Fine in Lieu of Suspension or Revocation of Certificate.

Section 27-17A-21Fine in lieu of suspension or revocation of certificate. (a) If the commissioner finds that one or more grounds exist for the discretionary suspension or revocation of a certificate of authority issued under this article, the commissioner may, in lieu of the suspension or revocation, impose a fine upon the certificate holder in an amount not to exceed one thousand dollars ($1,000) for each nonwillful violation and in an amount not to exceed ten thousand dollars ($10,000) for each willful violation. (b) The commissioner may grant not more than 30 days from the date of the order for the payment of any fine. (Act 2002-74, p. 221, §1.)
AL Code § 27-17A-23 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 2 - Certificate of Authority.|Section 27-17A-23 - Civil Actions; Liability.

Section 27-17A-23Civil actions; liability. The commissioner, the Attorney General, or any person may bring a civil action against a person or company violating this chapter in the appropriate court of the county in which the alleged violator resides or has his or her or its principal place of business or in the county wherein the alleged violation occurred. Upon adverse adjudication, the defendant shall be liable for actual damages caused by the violation. The court, as provided by common law, may award punitive damages and may provide equitable relief as it deems proper or necessary, including enjoining the defendant from further violation of this chapter. (Act 2002-74, p. 221, §1; Act 2014-216, p. 653, §3.)
AL Code § 27-17A-24 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 17A - Preneed Funeral and Cemetery Act.|Article 2 - Certificate of Authority.|Section 27-17A-24 - Construction of Chapter.

Section 27-17A-24Construction of chapter.  The provisions of this chapter are cumulative to rights under the general civil and common law, and no action of the commissioner may abrogate the rights to damages or other relief in any court. (Act 2002-74, p. 221, §1.)