reglab/housing_qa huggingface dataset:
AL Code § 27-13-104 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 13 - Rates and Rating Organizations.|Article 4 - Insurance Advisory Organizations.|Section 27-13-104 - Enforcement and Administration of Article.

Section 27-13-104Enforcement and administration of article. The commissioner is authorized, and directed, to enforce this article, and he is hereby authorized to make such orders, rules, and regulations as are reasonable and proper to facilitate the administration hereof. (Acts 1965, 2nd Ex. Sess., No. 120, p. 167, §5; Acts 1971, No. 407, p. 707, §312.)
AL Code § 27-13-105 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 13 - Rates and Rating Organizations.|Article 4 - Insurance Advisory Organizations.|Section 27-13-105 - Construction of Article.

Section 27-13-105Construction of article. The provisions of this article are supplemental and shall be construed in pari materia with other laws relating to insurance rates and rate-making. (Acts 1965, 2nd Ex. Sess., No. 120, p. 167, §7; Acts 1971, No. 407, p. 707, §313.)
AL Code § 27-13-120 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 13 - Rates and Rating Organizations.|Article 5 - Auto Liability Insurance Rate Reduction for Persons 55 and Older Taking Approved Accident Prevention Course.|Section 27-13-120 - Premium Reduction for Completing Accident Prevention Course.

Section 27-13-120Premium reduction for completing accident prevention course. (a) Any rates, rating schedules, or rating manuals submitted to or filed with the Commissioner of the Department of Insurance for private passenger automobile liability insurance and private passenger automobile physical damage insurance shall include an appropriate reduction in premium charges if the principal operator is 55 years of age or older and has successfully completed a motor vehicle accident prevention course approved pursuant to this article. (b) Upon successful completion of an approved motor vehicle accident prevention course, each participant shall be issued, by the course's sponsoring entity, a certificate of completion which shall be the basis of the qualification for the reduction in the automobile insurance premium. (c) The premium reduction required in this section shall be effective for an insured for a three-year period after successful completion of the approved course, except that the insurer may require, as a condition of providing and maintaining the premium reduction, that the insured not be involved in an accident for which the insured is at fault nor be found guilty of a moving violation during the three-year period after course completion. (d) Any discount used by an insurer shall be presumed appropriate unless credible evidence data demonstrates otherwise. (e) This section shall not apply if the approved course is taken by a person who is specified by a court or other governmental entity resulting from a moving traffic violation. (f) Each participant shall take an approved course every three years to continue to be eligible for the reduction in premiums provided in this section. (Act 2000-432, p. 793, §1.)
AL Code § 27-13-121 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 13 - Rates and Rating Organizations.|Article 5 - Auto Liability Insurance Rate Reduction for Persons 55 and Older Taking Approved Accident Prevention Course.|Section 27-13-121 - Approved Courses.

Section 27-13-121Approved courses. To qualify for the insurance premium reduction described in Section 27-13-120, the motor vehicle accident prevention course shall be sponsored by the National Safety Council, the American Automobile Association, or the AARP or shall be an equivalent course approved by the Department of Public Safety. The course shall consist of not less than six classroom or online hours of instruction, the instructors for the course shall be certified by the sponsoring entity, and the contents of the course shall be outlined by the sponsoring entity. (Act 2000-432, p. 793, §2; Act 2012-389, p. 1048, §1.)
AL Code § 27-13-122 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 13 - Rates and Rating Organizations.|Article 5 - Auto Liability Insurance Rate Reduction for Persons 55 and Older Taking Approved Accident Prevention Course.|Section 27-13-122 - Applicability.

Section 27-13-122Applicability. The provisions of this article shall not apply to individuals 55 years of age or older that are already receiving a rate reduction, based on attained age, from their insurance company. (Act 2000-432, p. 793, §3.)
AL Code § 27-15-1 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-1 - Applicability of Article.

Section 27-15-1Applicability of article. This article applies to contracts of life insurance and annuities other than reinsurance, group life insurance, group annuities, industrial life, and burial insurance; except, that Sections 27-15-15, 27-15-24, 27-15-25, 27-15-28, and 27-15-29 shall apply to industrial life insurance also. (Acts 1971, No. 407, p. 707, §346.)
AL Code § 27-15-2 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-2 - Life Insurance Policy Provisions - Generally.

Section 27-15-2Life insurance policy provisions - Generally. (a) No policy of life insurance other than industrial, group, and pure endowments, with or without return of premiums or of premiums and interest, shall be delivered or issued for delivery in this state unless it contains in substance all of the provisions required by Sections 27-15-3 through 27-15-14. This section shall not apply to burial insurance, annuity contracts, to any provision of a life insurance policy, or contract supplemental thereto, relating to disability benefits or to additional benefits in the event of death or dismemberment by accident or accidental means or to any provision relating to waiver of premiums in the event of death or disability of the beneficiary or premium payer. (b) Any of such provisions, or portions thereof not applicable to single premium or term policies, shall, to that extent, not be incorporated therein. (Acts 1971, No. 407, p. 707, §347.)
AL Code § 27-15-3 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-3 - Life Insurance Policy Provisions - Grace Period.

Section 27-15-3Life insurance policy provisions - Grace period. There shall be a provision that a grace period of 30 days or, at the option of the insurer, of one month of not less than 30 days shall be allowed within which the payment of any premium after the first may be made, during which period of grace the policy shall continue in full force; but if a claim arises under the policy during such period of grace, the amount of any premium due or overdue may be deducted from the policy proceeds. (Acts 1971, No. 407, p. 707, §348.)
AL Code § 27-15-4 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-4 - Life Insurance Policy Provisions - Incontestability.

Section 27-15-4Life insurance policy provisions - Incontestability. There shall be a provision that the policy, exclusive, at the option of the insurer, of provisions relating to disability benefits or to additional benefits in the event of death by accident or accidental means, shall be incontestable, except for nonpayment of premiums, after it has been in force during the lifetime of the insured for a period of two years from its date of issue. (Acts 1967, No. 181, p. 543; Acts 1971, No. 407, p. 707, §349.)
AL Code § 27-15-5 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-5 - Life Insurance Policy Provisions - Entire Contract; Representations.

Section 27-15-5Life insurance policy provisions - Entire contract; representations. There shall be a provision that the policy, or the policy and the application or a summary of such application, if a copy of the application or a summary thereof is endorsed upon or attached to the policy when issued, shall constitute the entire contract between the parties and that all statements contained in the application shall, in the absence of fraud, be deemed representations and not warranties. In the event of discrepancies between the original application and the summary, the contents of the original application shall govern. When a summary of the application is attached to the policy, the insurer shall keep and maintain the original application for insurance or a copy thereof for a period of not less than three years from the date on which the policy was issued. (Acts 1935, No. 152, p. 194; Acts 1971, No. 407, p. 707, §350; Acts 1988, No. 88-545, p. 844, §2.)
AL Code § 27-15-6 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-6 - Life Insurance Policy Provisions - Misstatement of Age or Sex.

Section 27-15-6Life insurance policy provisions - Misstatement of age or sex. There shall be a provision that if the age or sex of the insured or of any other person whose age or sex is considered in determining the premium has been misstated, any amount payable or benefit accruing under the policy shall be such as the premium would have purchased at the correct age or sex. (Acts 1971, No. 407, p. 707, §351.)
AL Code § 27-15-7 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-7 - Life Insurance Policy Provisions - Dividends.

Section 27-15-7Life insurance policy provisions - Dividends. There shall be a provision in participating policies that, beginning not later than the end of the third policy year, the insurer shall annually ascertain and apportion the divisible surplus, if any, that will accrue on the policy anniversary or other dividend date specified in the policy, provided the policy is in force and all premiums to that date are paid. Except as provided in this section, any dividend becoming payable shall, at the option of the party entitled to elect such option, be either: (1) Payable in cash; or (2) Applied to any one of such other dividend options as may be provided by the policy. If any such other dividend options are provided, the policy shall further state which option shall be automatically effective if such party shall not have elected some other option. If the policy specifies a period within which such other dividend option may be elected, such period shall be not less than 30 days following the date on which such dividend is due and payable. The annually apportioned dividend shall be deemed to be payable in cash within the meaning of subdivision (1) of this section, even though the policy provides that payment of such dividend is to be deferred for a specified period, provided such period does not exceed six years from the date of apportionment and that interest will be added to such dividend at a specified rate and provided, further, that upon the maturity, surrender, or other expiry of the policy, any such dividend, and interest thereon, shall not be forfeited to the insurer. If a participating policy provides that the benefit under any paid-up nonforfeiture provision is to be participating, it may provide that any divisible surplus becoming payable or apportioned while the insurance is in force under such nonforfeiture provision shall be applied in the manner set forth in the policy. (Acts 1971, No. 407, p. 707, §352.)
AL Code § 27-15-8 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-8 - Life Insurance Policy Provisions - Loans on Policy.

Section 27-15-8Life insurance policy provisions - Loans on policy. (a) In case of policies issued on and after the operative date of Section 21-15-28, there shall be a provision that after the policy has a cash surrender value and while no premium is in default beyond the grace period for payment the insurer will advance, on proper assignment or pledge of the policy and on the sole security thereof, at a specified rate of interest not exceeding eight percent per annum, payable in advance, an amount equal to or, at the option of the party entitled thereto, less than the loan value of the policy. The loan value of the policy shall be at least equal to the cash surrender value at the end of the then current policy year, provided that the insurer may deduct, either from such loan value or from the proceeds of the loan, any existing indebtedness not already deducted in determining such cash surrender value including any interest then accrued but not due, any unpaid balance of the premium for the current policy year and interest on the loan to the end of the current policy year. The policy may also provide that if interest on any indebtedness is not paid when due it shall then be added to the existing indebtedness and shall bear interest at the same rate and that, if and when the total indebtedness on the policy, including interest due or accrued, equals or exceeds the amount of the loan value thereof, then the policy shall terminate and become void, but not until at least 30 days' notice shall have been mailed by the insurer to the last known address of the insured or policyowner and of any assignee of record at the home office of the insurer. The policy shall reserve to the insurer the right to defer the granting of a loan, other than for the payment of any premium to the insurer, for six months after application therefor. The policy, at the insurer's option, may provide for automatic premium loan, subject to an election of the party entitled to elect. (b) This section shall not apply to term policies nor to term insurance benefits provided by rider or supplemental policy provision. (Acts 1971, No. 407, p. 707, §353.)
AL Code § 27-15-9 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-9 - Life Insurance Policy Provisions - Table of Values and Benefits.

Section 27-15-9Life insurance policy provisions - Table of values and benefits. In policies issued on and after the operative date of Section 27-15-28, there shall be a table showing in figures the loan value and the cash surrender values and nonforfeiture benefits in accordance with subdivision (b) (5) of Section 27-15-28, either during the first 20 policy years or during the term of the policy, whichever is shorter. (Acts 1971, No. 407, p. 707, §354.)
AL Code § 27-15-10 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-10 - Life Insurance Policy Provisions - Table of Installments.

Section 27-15-10Life insurance policy provisions - Table of installments. In case the policy provides that the proceeds may be payable in installments which are determinable at issue of the policy, there shall be a table showing the amounts of the guaranteed installments. (Acts 1971, No. 407, p. 707, §355.)
AL Code § 27-15-11 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-11 - Life Insurance Policy Provisions - Reinstatement.

Section 27-15-11Life insurance policy provisions - Reinstatement. There shall be a provision that unless the policy has been surrendered for its cash value, or its cash surrender value has been exhausted or the period of any extended insurance provided by the policy has expired, the policy will be reinstated at any time within three years after the date of premium default upon written application therefor, the production of evidence of insurability satisfactory to the insurer, the payment of all overdue premiums and payment, or, within the limits permitted by the then cash value of the policy, reinstatement, of any other indebtedness to the insurer upon the policy, with interest as to both premiums and indebtedness at a rate not exceeding the rate of interest on policy loans specified in the policy in accordance with the provisions of Section 27-15-8, as may be amended from time to time. (Acts 1971, No. 407, p. 707, §356; Acts 1981, No. 81-381, p. 564, §1.)
AL Code § 27-15-12 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-12 - Life Insurance Policy Provisions - Payment of Premiums; Increases.

Section 27-15-12Life insurance policy provisions - Payment of premiums; increases. (a) There shall be a provision relative to the payment of premiums. (b) A premium may not be increased unless the policy or a document delivered with the policy contains a provision in writing placing the consumer on notice that the premium may be increased; provided that nothing contained in this subsection shall be interpreted to require the continuation of coverage that is not otherwise guaranteed under the terms of the policy. (Acts 1971, No. 407, p. 707, §357; Act 2006-614, p. 1683, §1.)
AL Code § 27-15-13 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-13 - Life Insurance Policy Provisions - Settlement of Claims.

Section 27-15-13Life insurance policy provisions - Settlement of claims. (a) There shall be a provision that when a life insurance policy shall become a claim by the death of the insured, settlement shall be made upon receipt of due proof of death and, at the insurer's option, surrender of the policy and proof of the interest of the claimant. If an insurer shall specify a particular period prior to the expiration of which settlement shall be made, such period shall not exceed two months from the receipt of such proofs. (b) Notwithstanding any other provision of law regarding payment of interest on contracts, if an insurer fails to pay the proceeds of or make payment under a policy pursuant to a death claim within 30 days after receipt of satisfactory proof of death and of the interest of the claimant, and if the beneficiary of the policy elects to receive a lump-sum payment through a retained asset account or otherwise, the insurer shall pay interest on any money due and unpaid after the expiration of the 30-day period. The insurer shall compute the interest from the date of receipt of due proof of the death of the insured and interest of the claimant until the date of payment. The rate of interest shall be the current rate of interest on death proceeds left on deposit with the insurer. (c) Nothing in this section shall be construed to apply to annuity contracts. (Acts 1971, No. 407, p. 707, §358; Act 2015-468, §1.)
AL Code § 27-15-14 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-14 - Life Insurance Policy Provisions - Title.

Section 27-15-14Life insurance policy provisions - Title. There shall be a title on the policy briefly describing the same. (Acts 1971, No. 407, p. 707, §359.)
AL Code § 27-15-15 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-15 - Effect of Incontestability Clause.

Section 27-15-15Effect of incontestability clause. A clause in any policy of life insurance or annuity contract providing that such policy or contract shall be incontestable after a specified period shall preclude only a contest of the validity of the policy or contract and shall not preclude the assertion at any time of defenses based upon provisions in the policy or contract which exclude or restrict coverage, whether or not such restrictions or exclusions are excepted in such clause. (Acts 1967, No. 181, p. 543; Acts 1971, No. 407, p. 707, §360.)
AL Code § 27-15-16 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-16 - Annuity and Pure Endowment Contract Provisions - Generally.

Section 27-15-16Annuity and pure endowment contract provisions - Generally. (a) No annuity or pure endowment contract, other than reversionary annuities, survivorship annuities, or group annuities and except as stated in this section, shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions specified in Sections 27-15-17 through 27-15-22. Any of such provisions not applicable to single premium annuities or single premium pure endowment contracts shall not, to that extent, be incorporated therein. (b) This section shall not apply to contracts for deferred annuities included in, or upon the lives of beneficiaries under, life insurance policies. (Acts 1971, No. 407, p. 707, §361.)
AL Code § 27-15-17 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-17 - Annuity and Pure Endowment Contract Provisions - Grace Period.

Section 27-15-17Annuity and pure endowment contract provisions - Grace period. In an annuity or pure endowment contract, other than a reversionary, survivorship or group annuity, there shall be a provision that there shall be a period of grace of one month, but not less than 30 days, within which any stipulated payment to the insurer falling due after the first may be made, subject at the option of the insurer to an interest charge thereon at a rate to be specified in the contract but not exceeding six percent per annum for the number of days of grace elapsing before such payment, during which period of grace the contract shall continue in full force; but in case a claim arises under the contract on account of death prior to expiration of the period of grace before the overdue payment to the insurer or the deferred payments of the current contract year, if any, are made, the amount of such payments, with interest on any overdue payments, may be deducted from any amount payable under the contract in settlement. (Acts 1971, No. 407, p. 707, §362.)
AL Code § 27-15-18 (2021)
2021 Code of Alabama|Title 27 - Insurance.|Chapter 15 - Life Insurance and Annuity Contracts.|Article 1 - General Provisions.|Section 27-15-18 - Annuity and Pure Endowment Contract Provisions - Incontestability.

Section 27-15-18Annuity and pure endowment contract provisions - Incontestability. If any statements, other than those relating to age, sex, and identity, are required as a condition to issuing an annuity or pure endowment contract, other than a reversionary, survivorship, or group annuity and subject to Section 27-15-20, there shall be a provision that the contract shall be incontestable after it has been in force during the lifetime of the person, or of each of the persons, as to whom such statements are required for a period of two years from its date of issue, except for nonpayment of stipulated payments to the insurer; and at the option of the insurer, such contract may also except any provisions relative to benefits in the event of disability and any provisions which grant insurance specifically against death by accident or accidental means. (Acts 1971, No. 407, p. 707, §363.)