Section 35-16-1 Publication of annuity tables. - Alabama Statutes

Section 35-16-1

Publication of annuity tables.

The superintendent of insurance and the superintendent of banks, jointly, shall, within 30 days after final adjournment of each regular session of the legislature, cause to be prepared a table showing the current present cash value of an annuity of $100.00 per month, month by month from two to 480 months at two percent, two and one-half percent, three percent, three and one-half percent, four percent, four and one-half percent, five percent, five and one-half percent and six percent, which table shall be delivered to the secretary of state, who shall cause the same to be printed in the bound volume of the acts of the legislature.

(Acts 1953, No. 456, p. 561, §1.)