The reserve liability for variable contracts shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits provided and any mortality guarantees.
Ala. Code § 27-38-5
Reserve Liability for Variable Contracts.
(Acts 1971, No. 407, p. 707, §758; Acts 1985, 2nd Ex
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.