There Is a Newer Version
of
the Code of Alabama
2009 Alabama Code
Title 27 — INSURANCE.
Chapter 41 — INVESTMENTS OF LIFE, DISABILITY AND BURIAL INSURANCE COMPANIES.
Section 27-41-18 Particular investments - American insurance stocks.
Section 27-41-18
Particular investments - American insurance stocks.
An insurer may invest in the stocks of other solvent insurers formed under the laws of the United States or any state thereof, provided that the total amount of the insurer's investments in excess of the net asset value of the stock acquired shall not at any time exceed the greater of 10 percent of assets of the insurer or the insurer's capital and surplus less the minimum capital and surplus required of said insurer to transact insurance by Sections 27-3-7 and 27-3-8 of the Alabama Insurance Code.
(Acts 1977, No. 408, p. 530, §18.)
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