Alabama § 27-35-11 - Conversion into Stock or Mutual Life Insurance Company - Separate Record of Premiums; Exemption from Premium Taxes.
Full text of Alabama Code of Alabama § 27-35-11 — Conversion into Stock or Mutual Life Insurance Company - Separate Record of Premiums; Exemption from Premium Taxes., with citation guidance and answers to common questions.
§ 27-35-11. Conversion into Stock or Mutual Life Insurance Company - Separate Record of Premiums; Exemption from Premium Taxes.
The insurer, after conversion from a fraternal benefit society, shall maintain separate records of premiums received by it on account of policies and certificates originally issued while a fraternal benefit society and continuing in force without material change as to form or basis of premium. All such premiums shall be exempt from premium taxes to the same extent, if any, as to which exempted if currently received by a domestic fraternal benefit society.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-35-11
What does Code of Alabama § 27-35-11 cover?
Section 27-35-11 ("Conversion into Stock or Mutual Life Insurance Company - Separate Record of Premiums; Exemption from Premium Taxes.") 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 § 27-35-11?
A common citation format is "Code of Alabama § 27-35-11" (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 § 27-35-11 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.