™Your Policy Risk Impact Agent
93 chapters · 1,453 sections in this title.
Ala. Code § 27-34-20 Creation, Etc., of Charitable, Benevolent, or Educational Institutions
1.0K chars
(a) It shall be lawful for a society to create, maintain, and operate charitable, benevolent, or educational institutions for the benefit of its members and their families and dependents and for the benefit of children insured by the society. For such purpose, it may own, hold, o…
Ala. Code § 27-34-21 Members - Qualifications for Membership
0.9K chars
(a) A society may admit to benefit membership any person not less than 15 years of age, nearest birthday, who has furnished evidence of insurability acceptable to the society. Any such member who shall apply for additional benefits more than six months after becoming a benefit me…
Ala. Code § 27-34-22 Members - Payment of Equitable Part of Deficiency
0.6K chars
A society shall provide in its constitution or laws that if its reserves as to all or any class of certificates become impaired, its board of directors, or corresponding body, may require that there shall be paid by the member of the society the amount of the member’s equitable p…
Ala. Code § 27-34-23 Benefits - Generally
0.8K chars
(a) A society authorized to do business in this state may provide for the payment of: (1) Death benefits in any form; (2) Endowment benefits; (3) Annuity benefits; (4) Temporary or permanent disability benefits as a result of disease or accident; (5) Hospital, medical, or nursing…