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2018 Code of Alabama
Title 27 - INSURANCE.
Chapter 36A - STANDARD VALUATION LAW.
Section 27-36A-14 - Minimum standard for accident and health insurance contracts.
Universal Citation: AL Code § 27-36A-14 (2018)
Section 27-36A-14Minimum standard for accident and health insurance contracts.
(a) For accident and health insurance contracts issued on or after the operative date of the valuation manual, the standard prescribed in the valuation manual is the minimum standard of valuation required under subsection (b) of Section 27-36A-3.
(b) For disability, accident and sickness, and accident and health insurance contracts issued on or after January 1, 1972, and prior to the operative date of the valuation manual, the minimum standard of valuation is the standard adopted by the commissioner by regulation.
(Act 2016-411, §2.)
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