Alabama § 27-34-31 - Life Benefit Certificate - Prohibited Provisions.
Full text of Alabama Code of Alabama § 27-34-31 — Life Benefit Certificate - Prohibited Provisions., with citation guidance and answers to common questions.
§ 27-34-31. Life Benefit Certificate - Prohibited Provisions.
After January 1, 1973, no life benefit certificate shall be delivered or issued for delivery in this state containing, in substance, any of the following provisions:
(1) Any provision limiting the time with which any action may be commenced to less than two years after the cause of action accrues;
(2) Any provision by which the certificate purports to be issued or to take effect more than six months before the original application for the certificate was made, except in case of transfer from one form of certificate to another in connection with which the member is to receive credit for any reserve accumulation under the form of certificate from which the transfer is made; or
(3) Any provision for forfeiture of the certificate for failure to repay any loan thereon or to pay interest on such loan which the total indebtedness, including interest, is less than the loan value of the certificate.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-34-31
What does Code of Alabama § 27-34-31 cover?
Section 27-34-31 ("Life Benefit Certificate - Prohibited Provisions.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 27-34-31?
A common citation format is "Code of Alabama § 27-34-31" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 27-34-31 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.